Quinn reps warn 'recovery will not save all jobs' BBC News
22.04.10
The Republic's financial watchdog has partially lifted the trading restrictions, a move which allows the firm to write new insurance cover for provisional licence holders in the UK, about 10% of their business.
After the meeting the Enterprise Committee, the company's David O'Donnell said: "The business is resourced for 100% optimum operation capacity.
"If we get back up tomorrow, that operational capacity has been reduced, and it is an inevitability that there will be job losses."
Meanwhile, the Assembly Finance Committee, following a recommendation from the Consumer Council, is to call for an inquiry into the high cost of insurance in Northern Ireland.
Sinn Fein MLA Mitchel McLaughlin accused the industry of "playing fast and loose" with NI consumers and said there was a lack of competition.
The Consumer Council said that NI households pay an average of £278 more for all their insurance than in the rest of the UK.
Source:
Brit appoints motor underwriter
Brit Insurance has announced the appointment of Ian Fraser as motor fleet underwriter, effective immediately.
Based in Brit’s Glasgow office, Fraser will report to Brit regional manager Andy Fitzgerald.
Previously, Fraser served for 30 years at RSA where he held a variety of senior posts, most recently as senior technical motor underwriter.
Fraser said he is “excited by the challenge” of working for a company “with a reputation for quality underwriting and claims service.”
Fitzgerald, Brit’s regional manager for Northern Ireland and Scotland, said the firm is “delighted” to welcome Fraser.
“Ian has a vast experience of the commercial insurance market in Scotland and Northern Ireland and strong broker relationships,” Fitzgerald said.
“A senior appointment of this calibre further underlines our established reputation for providing brokers with an excellent service and superior cover through empowered local underwriting.”
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