The latest insurance stories online
The latest addition to the Insurance Times website had online visitors begging for more. In its first week, the ‘On the QT’ blog, written by an old friend of the broker market known only as Sid, caused an almighty stir.
The mystery blogger will be keeping fans entertained with his regular no-holds-barred entries and you can read them first online. Make sure you check it out.
Another individual, albeit not so popular with the insurance sector and wider financial services industry, also made headlines online in the past week, but for totally different reasons.
The FSA’s chief executive, Hector Sants, was a name that appeared on a whole variety of websites as he announced his summer departure from the regulator. As well as insurancetimes.co.uk, the news filtered out across the web.
An FT.com headline read ‘Sants marches out’ and ITN’s video report, featured on YouTube, had Sants mocked up as a City policeman turned Del Boy market trader in a link to his time at the top during the recession.
One story prompted a reader to comment: “The impending departure of Mr Sants only continues the unfortunate run of ineffective chief executives who have failed abysmally to understand insurance, let alone banking and/or investment banking.”
But the most popular story on insurancetimes.co.uk was our revelation of credit hire operater Drive Assist’s involvement in allegations that it falsified hire days to claim money from insurers.
That story was closely followed by the news that the founders of Giles-owned underwriting agency Ink were leaving to launch a start-up.
Online Top 10
1 Drive Assist in whistleblower allegations
Insurers considering their response to leaked email
2 Ink founders quit Giles to launch new MGA
Keith Syrett and Philip Thomas have formed Thames Underwriting
3 Zurich suffers 8% premium fall
UK boss Stephen Lewis maintains ‘get tough’ stance on motor
4 Tim Wilson leaves Close
Close Premium Finance sales director Tim Wilson leaves following review
5 FSA raps Manchester director Sixsmith over client money
Bridgewater House UK director Matthew Sixsmith cannot hold senior roles in financial services industry
6 Hector Sants to step down as FSA boss
Sants to step down as chief executive in the summer after three years in the role
7 On the QT: Meet Sid
Mystery blogger Sid ponders who’ll be the first GI chief executive to bite the dust this year
8 Marsh hires D&O specialist from Chartis
Eleni Petros joins Marsh’s financial and professional services practice
9 Jubilee merges syndicates
Syndicate 1231 and 5820 will be combined to continue growth
10 Aon sets new 25% target for brokerage segment
Growth from continuing operations sets new challenge