Abbey Legal
Market moves: ‘Tis the season for recruiting
As Christmas draws closer, the insurance industry has prepared for the New Year with a raft of appointments. In the broking market, there were moves for Aon and Willis, while Howden added three new faces to its team.
Market moves: Fresh faces for underwriters
As the industry heads into December, underwriting agencies and insurers lead the way in the job market. This week saw major moves at Chubb, More Than and Travelers, while Evolution, Arista and Ink all welcomed new staff. It was another slow week for…
Legal expenses: Survival of the fittest
Legal expenses insurers must adapt their models quickly to survive the government’s reforms — or risk extinction.
View from the top: Time for action
Insurers must fight to protect their fundamental purpose faced with the threat of external interventions, says Barry Smith, CEO, Ageas UK.
RSA to head to High Court to defend disputed subrogation policy
RSA is going to the High Court next year in a bid to defend its policy of adding as much as 25% to bills passed on to rival insurers through subrogation.
Abbey to grow in legal consultancy
Abbey Protection will grow from an insurer to more of a consultancy firm with the liberation of the solicitor market. It will increase the 70 lawyers it employs and target its 350 000 SME customers to provide a wide range of legal services direct.
Abbey profits rise despite ATE drop
Legal and professional fees insurer Abbey Protection has announced half year results showing revenue and pre-tax profit up 6% with revenue at £18.3m (H1 2010: £17.3) and pre-tax profit at £5.0m (£4.7m).
Legal expenses - Commercial cover: Two sides to the story
With the legal expenses sector about to undergo a massive shake-up, Jakki May looks at the changes, why some are welcoming them with open arms and why others
People moves – 14 July
A round-up of people moves and new appointments in the industry, as featured in the 14 July 2011 edition of Post.
M&A - market update: Coming together
Merger and acquisition activity is finally on the rise following a long period of stagnation. Daniel Dunkley looks at what is behind the increase.
Catastrophic claims: Bridging the gap
David Cameron’s oft-repeated slogan for the current age of austerity is ‘we’re all in this together’. However, in the world of severe injury claims, the ever-increasing gap between provision for disabled people who are in a position to claim compensation…
View from the top: embrace update challenge
Sometimes, if you want to look forward, it helps to have a look back first. This seems particularly true for the upcoming Continuous Insurance Enforcement legislation.
Interview – Simon Douglas: the attraction of AA Insurance
Simon Douglas, director of AA insurance, previously worked in the life & pensions and private medical markets. He talks to Mairi Macdonald about what attracted him to the debt-laden business and the challenges it faces.
Abbey Legal: 2010 results in line with expectations
Abbey Protection, the specialist supplier of legal and professional fees insurance and services today said that its results for the year ended 31 December 2010 are in line with market expectations.
Editor's comment: Don't count your turkeys
Insurers received an early Christmas present last month, when the government appeared to give firm backing to Lord Justice Jackson's recommendations on combating disproportionate civil litigation costs. The ministerial foreword to its consultation…
Post Europe: Data security – is Europe still lagging behind the US?
Some believe that Europe continues to lag behind the US in terms of data security. Matthew Hogg explores the likely triggers for improved levels of data security in Europe.
Legal update - insurance law reform: Out of pocket
Emma Rice looks at the proposed changes to insurance law, which currently does not recognise an obligation to pay damages over failure to pay claims, and what it could mean for insurers.
CILA and law firm to publish property claims handbook
The Chartered Institute of Loss Adjusters is due to publish a handbook offering legal and practical advice on handling property damage claims for loss adjusters and claims handlers.
Abbey reports 11% increase in H1 pre-tax profit
Abbey Protection has announced an 11% increase in pre-tax profits to £4.7m for the first six months of 2010.
Post Intelligence Benchmarking - Legal expenses: Five go forth
Fresh from surveying broker readers, Insurance 360's Peter Joy lifts the lid on the service provided by the UK's five leading legal expenses insurers — as their brokers experience it.
Legal expenses - SME: Risky business
With employment and contractual disputes on the up since the downturn, many businesses are in greater need of legal expenses insurance. Why, then, is demand and take-up by SMEs still low, asks Sam Barrett.
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
Legal Expenses - Jackson Impact: Cheque mate
Would Lord Justice Jackson's recommendations on costs reform really decimate the after-the-event market? Veronica Cowan canvasses views from those affected.
Pick of the week
New Zurich GI chief executive claims UK is ‘litigation heartland of the world’; Declan Treanor steps down from loss adjuster Garwyn following private equity backed MBO; Towergate in underwriting hub push; Jackson review causes legal expenses anger; LV…