For Camargue, continuing strong growth and the successful integration of Phoenix Underwriting Managers means that our offices in Parktown can no longer accommodate our increasing staff complement.
The Camargue Group (including Phoenix) has therefore moved to a new premises.
Our new home is: Camargue House, 33 Glenhove Road, Melrose Estate, 2196.
Camargue Underwriting Managers recognizes the importance of operating in an open and transparent manner in all aspects of the operations of the business, be they with our clients, our suppliers, our service providers or members of the greater business community within which we work, be they directly a part of the financial services industry or not.
We are delighted to announce the intended merger between Camargue and Phoenix underwriting agencies to form a larger liability underwriter. Camargue approached Phoenix with a proposal to combine forces late 2009, and the deal is in the final stages of agreement with an effective date proposed to be 1 July 2010.
As brokers prepare themselves for the implementation of the new Consumer Protection legislation, many will be wondering how they can best protect their client’s interests. Historically, general insurance practitioners (both brokers and underwriters) have avoided delving too deeply into public liability insurance business.
In today’s economic climate, directors who don’t admit to yearning for the “good old days” when legislative requirements were less stringent and the economy was booming, are either in denial or lying. The imminent changes to the new Companies Act are a fine example of a new complication that is adding to the stresses faced by this group.
The pending Consumer Protection Act and its impact on the public liability insurance market has been discussed ad nauseam in most insurance circles and savvy insurance brokers are readily acknowledging that it’s time to start introducing their clients to the concept of broad-form liability coverage.
There has been an international trend toward increased liability and accountability of company directors. It seems that there has been an increased tendency for courts and society to hold directors accountable – when company stakeholders sustain a loss, the board of directors is often the first obvious place to recoup. Further, as a result of the increased complexity of the modern economic world there is an increased possibility of director error and fraud.
The previous decade produced minimal claims against the Retirement Fund Trustee Policy (the Policy). This of course meant that the scope of cover was widened drastically, whilst premium rates dwindled.
The year that is past is rapidly drawing to a close and for most, I’m sure the imminent festive season could not come soon enough. It’s been a long year with many changes and challenges and a well deserved break is mandatory.
We are delighted to announce the intended merger between Camargue and Phoenix underwriting agencies to form a larger liability underwriter. Camargue approached Phoenix with a proposal to combine forces late 2009, and the deal is in the final stages of agreement with an effective date proposed to be 1 July 2010.
