Yours truly was there, and I thought it might be interesting to reflect on how what was being said might impact the UK market going into 2014. I know, I know, you’re thinking- what does
I am going to talk about Aviva but the sentiments I express could apply to any of our major insurers.
I have watched intently as Aviva has been criticised in the press for the manner in which the current senior management have been acting.
It is commonly argued that a major driver of the financial crisis was an over-reliance on ratings; that the blind acceptance of rating agency views by investors and bankers proved to be unhealthy.
Our thoughts were fairly well justified when we received their Request for Proposal (RFP) document. The accompanying data they supplied p
At a breakfast seminar at the Old Lloyd’s Library on the use of Social Media in the general insurance last week, the first presenter asked the 100 or so delegates assembled…
‘Can I have a show of hands please, how many people in the audience are on LinkedIn?’
All hands duly shot up skyward.
Go on, I challenge you, off the top of your head, quickly remember a joke that includes the subject of mugging that is ‘humorous’.
Deferred Prosecution Agreements ("DPA") have been used in the United States for many years. DPAs allow companies to take certain steps (either by way of reparation or ensuring that certain offences are not repeated) during a supervisory period and the trade off is that the company and/or the directors will not be prosecuted. Following the expiry of this period no further action is taken. DPAs are now to be found in UK law in Schedule 17 of the Crime and Courts Act 2013 ("CCA 2013"), although as of this date this Schedule is still not yet in force.
