Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased compensation in personal injury cases.
In other news, Towergate Partnership has secured new equity investment, after signing a preliminary agreement with an international private equity house; aggregator Compare the Market is aiming to attract 500 000 commercial customers to its site over the next 12 months, after agreeing a long-term contract with Towergate to provide SME insurance; National Aaccident Helpline has claimed to be the victim of a hoax, after being caught up in a Claims Standard Council investigation of unsolicited text messages; and Wells Fargo is seeking a buyer for its stake in Lloyd's broker Besso.
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