Insurance News - 30th July 2012

1. Hiscox get profit of £125.8 million

2. FSA now getting more companies being reported to it.

3. Professional Insurance Agents Ltd CEO Graham Hearsey to open trading in Norway and New Zealand.

4. Business Insurance 24 7 to sponsor new up and coming sports with Professional Indemnity Insurance and Directors & Officers Insurance products.

5. Solvency II and new compliance is creeping even closer.

6. Aviva ma face a £800 million loss on its USA life sales.

London Olympics Opening Today - 27th July 2012

The bells will be ringing the TU cameras fired up, and the world will be watching the ceremony in a few hours time.

The Olympic torch will go along the Thames on royal barge gloriana with a start at Richmond Bushy park and then onto Hampton Court where it will go through the maze and the relay will reach its destination this evening when the Olympic cauldron will be lighted during the opening ceremony.

Olympics Investment Conference - 26th July 2012

London are to host a Olympic investment conference with politicians and business leaders with UK trade and investment (UKTI) planning 17 meetings in the UK and around the world in the hope to attract trade and investment companies such as Google, HSBC, and European central bank will be at the meetings.

Todays Insurance News Update - 26th July 2012

1. Business Insurance 24 7 to develop software for most classes of Business Insurance ready for the growing number of Directors and Sole traders who are purchasing Insurance over the internet.

2. Prime professions have just struck a deal with AXIS speciality to offer Professional Indemnity Insurance to solicitors and they will be able to offer Professional Indemnity covers to smaller solicitor practices.

3. Hiscox to merge three of its operations.

4. Zurich give national windscreens their contract to supply.

5. Professional Insurance Agents Ltd develop new upgrade on its live broker internet software to offer other brokers and insurers.

Jaguar Land Rover Creates New Jobs - 25th July 2012

The car manufacturer Jaguar Land Rover creates over a 1000 new jobs at its West Midland Plant.

The investment is good news for the area and Vince Cable said "it was a clear demonstration of the companies commitment to invest in the UK."

Syria Uses Fighter Jets Against Rebels - 25th July 2012

The Syrian Government lead by President Assad use fight jets and helicopters, together with on ground troops to seize back parts of the economic capital. Aleppo the planes were said to have been Russian made MIG's.

The First Part of Olympics Start Today - 25th July 2012

The women's football "kicks off" today in Wales at the Cardiff Millenium stadium where England meet New Zealand for the Olympic race and gold medals, before the official opening of the games.

Germanys AAA Rating Could Go - 24th July 2012

The credit agency moody's has said that Germany's AAA rating is negative and could get a down grade together with other high rated Eurozone countries such as the Netherlands and Luxembourg.

France and Austria have already lost their credit AAA ratings. Moody's also said that there was an increased chance that Greece may still leave the Eurozone.

Syria Threatening Chemical Weapons Use - 24th July 2012

The Syrian Government has suggested that it will use chemical weapons if foreign troops land on its soil. The USA president Barach Obama has warmed President Bashar Al-Assad of Syria that he will be accountable if he uses chemical weapons.

Graham Hearsey a Independent spokesmen said that President Bashar al-Assad should go and go quickly no one give the responsibility of running a country should kill their own people.

Tradesmen Should Not Ask for Cash - 24th July 2012

The treasury minister David Gauke said that it was morally wrong to offer tradesmen cash for work in hope of getting a discount.

Graham Hearsey Independent spokes person suggested that Mr Gauke needs to take a long hard look at bankers bonuses and politicians dishonesty before he even remotely starts to point fingers at tradesmen. If he concentrated on their tax avoidance  he would start to earn his ministers salary.

News 19th July

Lloyds to sell 632 branches to Co-Op

Lloyds Bank have set a deal with the Co-Op bank agreeing terms to sell off 632 of its branches and the G&C in a pricing estimate of around £750 Million.

The sale has been brought about by a demand by European regulations following Lloyds purchase of HBOS during the financial crisis.

Fighting In Syrian Capital

There are reports that there has been fighting in the Syrian capital Damascus, indicating that this maybe near the presidential palace. This was dismissed by the government of Syria, although activists and rebel leaders are saying that the fight for Damascus is the final battle to be won.

G4S CEO Will face MPS over Olympic Security

The CEO of G4S Nick Buckles will be asked to explain why his company has failed to provide the secruity staff that they were contracted to supply for the olpymic games. It has all ready been suggested that the company G4S will have to payback monies received so far and indeed loss up to £50 million on the contract which was awarded at £280 million. It may also lead to possible Professional Indemnity Insurance claims and Directors & Officers claims if the company had these in force,

Thersa May had repeatedly promised they wuld exceed targets for the proposed secruity.

Syrian Army Again Killing Villagers

Syrian Army Again Killing Villagers

The Syrian Army are reported to have killed over 200 people in a small Syrian village called Tremsek, apparantly the village was attacked by helicopter gunships & tanks Bashar Al Assad is now extimated to have killed 16,000 people in the Syria conflict.

Roger Payne killed In Avalanche

Roger Payne killed In Avalanche

9 people have been killed in an Avalanche near chamonix 3 were British and Roger Payne a very well known mountaineer was amoung the climbers who tradgically lost his life while attempting to reach the summit of Mont Blanc.

More Troops to Help with Secruity of Olympics - 12 July

After the failer of G4S to have enough staff, that were trained to help with secruity for the Olmypics at all the venues, details and annoucnments by the defence secratary Phillip Hammond, that a further 3500 troops will be deployed to help with secruity in and around the London Olmypic stages. Labours Tessa Jowell stated that there was a serious problem.

Peter Reeves the Prime Suspect in the Killing of PC Ian Dibell is Found Dead - 10th July 2012

Peter Reeve's the prime suspect in the killing of PC Ian Dibell, which was found with head wounds in a churchyeard at Writtle, apparently a hand gun was found by his body.

No one knows for sure what happened on that fatal day of the shooting accept that there could have been a dispute over parking. Mr Barker- McCardle said that inquiries were on going to establish the cause leading up to the shooting.

Todays News - 10th July 2012

The war lord Thomas Lubanga was sent to prison and convicted by the International Criminal court the (ICC). He has been sentenced for 14 years because he recruited child soldiers in his rebel army.

The war between different ethnic group in the area North - Eastern Dr Congo is said to have caused the deaths of 60,000 people.

News in Brief - 4th July 2012

- The UK economy is still very sluggish and needs to improve very quickly to compete world wide.

-Banking problems and government debt in Europe is causing real problems with worldwide trading, with many markets, loosing ground.

- London is hotting up for the Olympics with many tourist starting to arrive, however it has been suggested that some pubs and restaurants are profiteering and charging tourists up to £15 for a pint of beer.

Venture Capitalist Make Money out of Children in Care.

You have to say what is wrong with our society with venture capitalist and bankers stopping at nothing to make money for themselves.

But now the lowest form of trading has just come to light where private equity firms are making hue profits from the most vulnerable children in care which can only be allied to the Victorian times where we use children to sweep chimneys, these children have been sent to cares homes for protection and by private equity firms buying into the smaller care homes and fostering services their sums can be making up 500% profit in only 6 years according to the times.

What is worse is the cost cutting that is also going to the point that some children are being moved away from their families to the north of England where the cost of labour and cost of running these are cheaper

It’s a disgrace and these companies should be named and shamed along with the local authorities that use their services.

Barclays Staff Prepare to Resign - 2nd July 2012

The banking crisis deepens in the UK with the scandal on market living, Marcus Agius the chairman of Barclays prepares to resign over the traders manipulating market and keeping customers.

Even for Mervyn King governor of the bank of England faces the possibility of being asked to appear before MP's after it has been suggested but he has encouraged the practice, libor are used to establish the price of borrowing and investments around the world and stay apart insetting the interest bills for millions of mortgage borrowers in Britain.

Referendum on Europe for the UK - 2nd July 2012

The conservative party are looking to David Cameron to promise a referendum on Europe with nearly 100 Tory MPs urging him to pass the law before 2015 so we we can have a referendum on whether we should stay in Europe and let the people decide. He should be taking power back from the restriction of Brussels, although Cameron has indicated that he wants to wait to see how the new Euro zone ends up.

 

Liam Fox the Former Defence Secretary Said that the UK needs to get a lift of the powers it once handed back. Mark Pritchard a known neuroskeptic said in Europe its always jammed tomorrow, and tomorrow may never come.

Graham Hearsey a well known CEO within the insurance industry running his new online international company Business Insurance 247 said its almost time all politicians earn there keep, they need to stop looking at the gap and jump it.