Danny Walkinshaw looks at the latest insurance stories online
There was no ‘snow day’ for visitors to insurancetimes.co.uk as breaking news kept those stuck at home or in the office entertained and informed throughout the wintery days. Not even the several inches of white stuff that landed on various towns and cities around the UK could stop the new year getting off to a cracking start.
The story that got online readers most excited related to QBE’s personal motor book of business, which the insurer placed into run-off. Insurancetimes.co.uk confirmed the news, ending a busy period for the motor market, which has seen a similar fate for HSBC Insurance (UK) Ltd and the sale of Zenith to Markerstudy.
It didn’t take long for an acquisition to appear in the online top 10, and first off the mark was CCV, the acquisition vehicle of Towergate chairman Peter Cullum.
If the crystal ball gazers are proved right, online traffic could be dominated by similar deals over the coming months.
Also catching online readers’ eyes was Zurich’s appointment of Mark Coffey as head of personal lines in its broker division, closely followed by Towergate’s capture of the Dragon Den star Duncan Bannatyne account in a three-year deal.
Elsewhere across the web, RSA’s prediction that every day of heavy snow could cost the UK economy as much as £690m in lost output and sales was widely reported, with websites in Wales and Scotland focusing on the potential damage to their particular regions.
Amid Met Office predictions that the cold weather is set to continue through January, the FT Adviser website reported: “RSA noted that, with the current bad weather worse than early last year, the UK's economic output will be hit to the tune of at least £14bn in the next three weeks.” It’s snow joke.
Online Top 10
The ten most read stories at insurancetimes.co.uk this week
QBE puts personal lines motor account into run-off
Team set to follow Steve Stone to Markerstudy
CCV continues acquisition spree
Acquisitive CCV has a “healthy pipeline”, says chief executive
Zurich appoints broker boss
Mark Coffey to head personal lines broker division
Towergate wins Bannatyne account
Broker secures three-year deal for Dragon’s Den star Duncan Bannatyne's business
AXA creates new marketing director role
Tina Shortle to head general insurance marketing
Irish lawyers fail to get cover
Firms will fold over lack of PI cover, Law Society warns
Willis grabs £20m GWP from northern irish expansion
Three Northern Ireland brokers join Willis Commercial Network
Maddern becomes COO at Liberty
Former Aon boss takes up new role
Mutuals come under FSA fire
Concern over with-profits life arms threaten smaller mutuals
LV= replaces Zurich on Cobra Network panel
Cobra in new commercial tie-up