Media Centre
Alarm raised over weak insurance protection
Financial Times, 14 March, 2011
Companies are running the risk of devastating losses because of failings in their insurance protection as the number of disputed claims increases, says a study of more than 600 businesses.
Read more.
Companies ‘fail to plan for insurance risk’
Times of London, 14 March, 2011
Britain’s commercial insurance market is “not fit for purpose” and legal disputes over payouts are set to rise, according to reports published today
Alarming Revelations
Post Magazine, 24 March, 2011
The recent Mactavish-Pricewaterhouse Coopers report that declared commercial insurance ‘not fit for purpose’ is a wake-up call to the market. Insurers, brokers, company boards, government and the buying community should all take note.
Trouble brewing
Post Magazine, 29 March, 2011
In the wake of a damning report on the commercial lines insurance market, Roger Flaxman enters the debate and examines the clash between insurers’ principle of utmost good faith and their fiduciary duty to shareholders.
Serious deficiencies in corporate insurance arrangements
Insurance Times, 14 March, 2011
UK companies are exposing themselves to significant and unnecessary losses due to serious flaws in the way their corporate insurance policies are arranged, according to a new report.
Read more.
Commercial cover not “fit for purpose”
Post, 14 March, 2011
Consultants Mactavish/ PricewaterhouseCoopers have warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Read more.
Corporate risk transfer process slammed by new report
Insurance Day, 14 March, 2011
Corporate disclosure underpinning insurance is “at best poor, sometimes shocking”, a damning report on the placement of cover will warn today, with UK risk managers demanding a revamp of the current legal framework for commercial insurance contracts as a result.
Read more.
Mactavish/ PwC: British businesses exposed to costly failings in insurance protection
News-insurances, 14 March, 2011
UK companies are exposing themselves to significant and unnecessary losses due to serious flaws in the way their corporate insurance policies are arranged. This is according to a new study of commercial risk carried out by the specialist research firm Mactavish, in association with PwC, which reveals serious deficiencies in how corporate insurance is arranged and the role of boards in governing those arrangements.
Read more.
Serious flaws in corporate insurance policies
Supply management, 14 March, 2011
Purchasers are prioritising low broker fees, above other criteria, which is exposing their organisations to major losses from poorly arranged insurance contracts.
Read more.
Flaws in process jeopardise UK insurance cover: analysis
Business Insurance, 14 March, 2011
There are serious flaws in the way many large U.K. insurance programs are placed that could jeopardize coverage for buyers, according to a Monday report by Mactavish Group and PricewaterhouseCoopers L.L.P.
Read more.
Perspective on the Mactavish report
Strategic Risk, 17 March, 2011
Alexander Oddy and Paul Lewis from Herbert Smith give their view on an alarming new report about the insurance placement process
Read more.
UK business exposed to insurance gaps and claims disputes to rise-Mactavish
Commercial Risk Europe, 17 March, 2011
UK companies are exposing themselves to significant and unnecessary losses because of serious flaws in the way their corporate insurance policies are arranged, according to a new study of commercial risk carried out by the specialist research firm Mactavish.
Read more.