Fire strikes
The government has rejected the concerns of the risk management community over the impending firefighters' strike.
The Home Office confirmed Nick Raynsford's position that fire …
Fire strikes
The government has rejected the concerns of the risk management community over the impending firefighters' strike.
The Home Office confirmed Nick Raynsford's position that fire authorities should accept the risk and this might include liabilities arising from the acts of the military.
As Insurance Times went to press, firefighters had warned they would strike from 6pm on Wednesday.
£100m saved
Legal Costs Negotiators (LCN) has saved clients more than £100m in its seven-year history, the company has announced.
LCN works for insurers and other defendant organisations.
LCN London director John Webb saidthat LCN's continued growth meant it should reach £.25bn savings quickly.
LMP slips up
The London Market Brokers' Committee (LMBC) has announced it is set to place three-quarters of all business on LMP slips by the end of the year.
Legal demerger
Insurance law practice Fishburn Morgan Cole has announced that it is to de-merge, citing a failure to "fully realise" the aspirations of both parties.
The de-merger takes place only three years after the original union was struck.
The union was formed when Morgan Cole and Fishburn Boxer joined forces.
The de-merged practice will trade as Fishburns and will be based in offices at St Mary Axe. Morgan Cole and Fishburns stressed clients will undergo a "seamless transfer" with no disruption to services.
Staff based in St Mary Axe will transfer from Fishburn Morgan Cole to Fishburns.
No killing law
Corporate killing legislation was not expected to be in the Queen's Speech, made yesterday, despite heavy anticipation it would be included.
Kennedys partner Daniel McShee said that the omission was unsurprising, since the Home Office only finished consulting on its impact assessment of the legislation at the beginning of November.
"It would be extraordinary to take that into account, produce a bill and announce it within two weeks," he said.
Club Direct sold
Club Direct Insurance Services has been sold by its administrators to the Collinson Group.
The company, which sells travel insurance, was placed into administration on 30 October after its debts totalled £2m. The deal means there will be no staff redundancies.
Ri3k hub for Europe
Reinsurance hub ri3k Asia has appointed Singaporean IT service provider National Computer Systems (NCS) as the host of its European hub system.
Ri3k uses NCS to manage its Asian hub so the move marks a consolidation of its IT operations in Singapore.
An ri3k spokesman said: "We are committed as an organisation to Singapore, attracted by its leading edge technology, stable social and political environment, geographical location and logistical capabilities."
