Penny Black's Insurance Week - 12 September 2013
Penny was fascinated to see Scottish knitwear brand Lyle & Scott announce a bold new strategy for choosing its next CEO - Twitter.
With a stated salary of £250k, the application process through @LyleAndScottCEO aims to “automatically select out the dinosaurs”, but Penny wonders if there are any similarly “old-fashioned” brands in the insurance industry that would benefit from a similar move?
Penny will be keeping her eyes peeled for @LloydsOfLondonCEO and the opportunity to bless the insurance industry with glistening pearls of wisdom. Penny suspects she could tolerate the pay cut.
According to RSA claims director Ben Horton, investment in information technology and the institution of marriage have more in common than one would initially believe.
Addressing a largely male contingent at Post’s Claims Club event last week, Horton quipped that “technology investment is much like marriage, fun at first but it can cost you a fortune to get out of in the long run”.
Far be it for Penny to cast aspersions on the love lives of her industry chums but the amount of laughs Horton’s gag received would appear to reinforce the old adage that many a true word is spoken in jest.
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