Avoiding another fine mess

Article Abstract:

The insurance market is changing rapidly and buyers can obtain an insurance package which suits the specific needs of the company. Renewing the policy every 36 months instead of annually is cost effective because the renewal process can cost 10% of the annual premium charge. Companies also avoid the fluctuations in rate which can occur at short notice. Deciding not to insure a business at all or increasing the excess amount which is payable can also produce savings. Companies might decide to insure only what they cannot afford to lose.

Purchasing, Business enterprises, Insurance policies

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Matthew Harding gets the knowledge: Matthew Harding has come a long way. Once he ran the office manager's bets at the local bookmakers. Now he's the head of the dynamic and unconventional Benfiedl insurance group, and quotes Dickens in his chairman's statements

Article Abstract:

Matthew Harding is chairman of the Benfield insurance group and his net worth is 125 million pounds sterling, rising at the rate of 16 million pounds sterling a year. His company processes $1 billion of premiums each year building up its reputation on service. The company has set up its own reinsurance business and its results will be consolidated for the first time this year.

Harding, Matthew

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Ownership and governance in the insurance industry: a review of the theory and evidence

Article Abstract:

Insurance company management in the UK is analyzed. Mutual and proprietary insurance companies operate in the UK.

United Kingdom

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