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LoregaAcademy for loss adjusters
responded to what it perceives as “the challenge faced by an ever increasing age profile among Chartered Loss Adjusters” by launching the Lorega Academy, to train new talent in-house. The academy will be led by former Grant Thornton Client Services Director Angus Tucker, Past President of the Chartered Institute of Loss Adjusters. Work is currently underway with the CII to develop a suitable training framework for the academy, to introduce its graduates to the complexities of the industry and enable them to
L
oss recovery insurance specialist Lorega has
work towards the CILA examinations and ultimately to Chartered status. Lorega has also established a new wholly owned Chartered loss adjusting subsidiary, Lorega Solutions. Malcolm Harvey, Chairman of Lorega, explains the need for the academy, both for his business and the market as a whole: “Over the past few years Lorega has successfully increased penetration of our core Loss Recovery Insurance product both in commercial and personal lines. The move from being an add-on only to being written into insurers’ policy wordings will, we firmly believe, also lead to a
IIB re-launches legal advice line T
he Institute of Insurance Brokers has re-launched its 24/7 Legal Advice Line for members. It provides free, unlimited access for members to relevant and practical advice on legal, employment and tax matters, and now provides the added benefit of specific advice on all aspects of debt, cash-flow and insolvency matters, either relating to the member’s business or arising from dealings with clients and suppliers.
The 24/7 IIB Legal Advice line is provided by Composite Legal Expenses.
The IIB Chief Executive Barbara Bradshaw says, “With the impacts of the recession still coming through, we’ve
26 insurancepeople JUNE 2010
considerable increase in business over the next few years. However, with additional business comes the need for more skilled loss adjusting resource to deal with the inevitable claims. “Unfortunately, one of the resourcing challenges faced by Lorega and the insurance market is the dearth of new adjusters entering the profession and undergoing specialist training. When this is combined with the general ‘dumbing down’ of loss adjusting in the relentless pursuit of cost savings and the rapidly increasing age profile of Chartered UK loss adjusters, we are faced with a critical problem that cannot
be ignored any longer. We have therefore taken the pro-active step of launching the Lorega Academy to ensure that we have access to a large enough pool of skilled professionals not only for the work loads of today, but also to service our expected growth.” Angus Tucker adds, “Lorega foresees a very good future for highly skilled loss adjusters, but we need to invest now to encourage those graduating from college or university to enter the profession and work towards Chartered status. If we don’t, I fear there will be a severe shortage of talent within the next ten years.”
Oxygen targets SouthWest growth
enhanced the benefits to members to include exactly the type of help that’s relevant today. The recession has resulted in a sharp increase in debt, cash- flow and insolvency issues generally - issues that can often take a business’s eye off the ball. Practical and commercial assistance is now available to our members on how to deal with these crucial aspects of the current volatile market.” Tim Mullin, Business Development Director for Composite, adds, “Never has easy access to qualified and experienced legal advisors been so necessary. For example, we’ve witnessed a dramatic increase in employment disputes over the last two years with
Barbara Bradshaw Employment Tribunal
applications doubling. And then there’s the burden of HMRC investigations, let alone on-going changes in legislation. We’re delighted to be partnering the IIB in this essential member service.”
xygen Insurance Brokers has announced the opening of a new office in Bristol, initially to service corporate clients as an expansion of the UK Corporate Risks division, based in Leeds. Over time, the company expects to provide a range of services from the newly created south western hub. Oxygen CEO Graham Elliott says, “The Bristol office will allow us to target a wider range of businesses in the south west of England and to better service existing clients. With London, Leeds, and Manchester we now have a great network to target England and Wales, whilst our Glasgow office forms our Scottish base.”
O Leading the team in Bristol will
be Vikki Wiltshire, who joined the company recently as head of office. She is joined by Julie Donkin, who started with Oxygen’s Corporate Risks division in February to develop corporate business with a focus on motor trade and other specialist areas.
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