in association with


“Wrong decision - wrong reasons”


C


ommenting on the decision to retain referral fees, Francois- Xavier Boisseau, chief executive officer of Groupama, says, “This decision is really very disappointing and perhaps illustrates the lobbying power of those supporting the continuance of referral fees.


“This is not really about allowing access to justice but


more about continuing a business model that produces substantial revenues for the legal profession and others who benefit, at the expense of those who pay the insurance premiums that meet the cost of the rising tide of legal compensation and costs.” He concludes, “This is the wrong decision for the wrong reasons.”


Sainsbury’s/RBS motor insurance S


ainsbury’s Finance has entered into a five-year deal


with RBS Insurance to launch a new car insurance product, with RBS Insurance providing underwriting, sales, service, and claims management support. Nectar card holders will be


entitled to a 15% discount. There are two levels of cover - Standard and Premier. The latter includes courtesy car for up to 21 days, cover for driving in Europe for up to 90 days, and up to £250 towards overnight hotel expenses.


Oxygen backs Dallaglio andHelp for Heroes O


xygen Insurance Brokers has hosted a London


market fundraising event in aid of The Dallaglio Foundation and Help for Heroes.


At the recent city event, nearly 100 representatives of


Speedy, effective cover


brokers, insurers and other businesses were joined by current and past players from London Wasps. They helped to raise over £3,000 to support the work of the two voluntary groups.


Event insurance policies that offer you immediate, specialised event cover, with a fast and efficient claims service. Just point, click and buy. It really is that simple.


Freephone 0800 515 980 www.events-insurance.co.uk


Pictured, left to right: Jim Fuller, managing director of Oxygen Corporate Risks; Lawrence Dallaglio, who set up the Dallaglio Foundation in memory of his mother who died from cancer; and Calvin Barnes, head of management risks practice at Oxygen


JULY/AUGUST 2011 insurancepeople 23


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