Danny Walkinshaw reviews the week on the web
Photos from Insurance Times’ Broker Forum went down a storm with visitors to the site. Industry big hitters like Chris Giles, Phillip Hodson and Peter Hubbard were snapped on stage at the event in Manchester and recorded a large volume of hits. Photos of brokers competing on Aviva’s Scalextric track were also popular. You can see all the photos from the conference by visiting ‘Photo Galleries’ at Insurancetimes.co.uk.
Are you defying the credit crunch and having a summer party? Send me the photos and they could feature in the Insurancetimes.co.uk gallery for all to see.
Breaking news has also been causing quite a stir this week. Reports that Willis was being sued by clients of arrested financier Allen Stanford over an alleged $7bn fraud over claims the broker violated Texas’s securities laws by vouching for Stanford in letters he used to win customers, was the second most popular story on the site. At the same time, Cooper Gay was being lined up for floatation – appointing UBS as a corporate financial adviser – a move it has now confirmed could be a possibility in the future.
Elsewhere online, the Daily Telegraph site reported that UK homeowners could be wasting more than £500m a year on household insurance by renewing their policies rather than shopping around for the best deal.
For those still following the Michael Jackson concert insurance situation, US site ABC News reported that concert promoter AEG purchased a $25m insurance policy to cover the cancelled 50 dates at the O2 Arena after music star’s sudden death and that it would take “months” to determine whether the company will actually receive a payout.
The five most read stories at insurancetimes.co.uk this week:
Photos: Insurance Times Broker Forum
Exclusive images from the first broker forum held in Manchester
Willis sued over Stanford fraud
Former Stanford clients say Willis acted as “sales agents”
Westinsure boss Morgan quits
Denis Morgan to consider other opportunities
Cooper Gay for £250m float
Staff who own shares could receive as much as £170m
Patrick Smith is next Biba chairman
Swinton chairman to succeed Derek Thornton