All articles by Saxon East – Page 4
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NewsCompetition Commission bans point-of-sale PPI
But trade bodies say seven-day rule will hurt consumers
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NewsHampden closes in on private investor funds
Lloyd’s agency to set up special purpose syndicate to boost capacity as sterling tumbles
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NewsEveryone is on board, says London’s new broker group
Two large firms confirm they have quit Biba, although most will keep dual membership
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NewsInsurers appeal against asbestos trigger ruling
Four firms challenge decision that liability is triggered at time of exposure to deadly substance
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NewsWillis sues five former workers
High Court writ cites employees who have since joined Alston Gayler
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NewsPrivate investors flock to Lloyd’s as ‘safe haven’
Rates expected to increase over next two years
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NewsFlurry of anti-corruption reviews to follow Aon fine
But be aware, warns chief executive, stricter measures will mean you lose business
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NewsTowergate shows its muscle with year-old captive for PIs
The broking giant Towergate has been running a captive formation for professional indemnity claims for about a year, it has emerged.A Towergate spokesman said: “As with any large company, when something continues to grow, you review your self-insurance.”A captive is usually set up when a company is capable of funding ...
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NewsWhy honesty will always get the best policy
Insurers have been uncovering a growing number of cases of “front-end fraud”, where the customer has lied or failed to disclose material information to get cheaper insurance, says the ABI.Common deceptions include parents adding their son or daughter to their motor policy as an occasional driver, when they are the ...
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NewsCII calls off its plans to merge with Australian insurance body
Institute "deeply disappointed" over breakdown
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NewsReinsurance rates lift about 5% in new year renewals
Guy Carpenter report shows global rates for property and catastrophe risks have risen by 8%
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NewsSale of non-core assets is moving slowly, says AIG boss
AIG is struggling to sell some of its non-core assets, its boss has admitted. The beleaguered insurer has to dispose of the companies to repay a $156bn (£102bn) loan from the US government. Ed Liddy, chief executive of AIG, said at a Hong Kong conference: “These are difficult times to ...
