Between a rock and a hard place
Being an insurance chief executive is not a fun job - just as one headache goes away, another three ...
Being an insurance chief executive is not a fun job - just as one headache goes away, another three come along. As the weather has finally improved the economy turns sour, hurting investment incomes across the board while, at the same time, the consolidators demand more commission and the competition heats up, putting pressure on rates.
Igal Mayer, chief executive of Norwich Union, believes that raising insurance premiums is now vital and his firm has had some success. Announcing his firm's half
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