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| GE Capital Woodchester Spotlight |
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| Past Events, Clear Your Calendar |
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| Competition, Your Chance To Win |
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| Welcome to our Newsletter! |
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I would like to welcome you to the first issue of our new quarterly GE Capital Woodchester Broker E-Newsletter.
We are working in a climate of ever increasing Insurance Premiums, where demands on both Brokers and Finance Providers are unprecedented and Industry changes are inevitable. The regulatory environment is ever increasing with new requirements on the business across the board.
With this in mind, we want to provide you, our supporting Brokers, with a new medium through which we can deliver all the news and views, hot topics and recent developments in the market place and indeed within GE Capital Woodchester and our Insurance Premium team.
I hope that you will find the topics covered in this Newsletter of interest. We are very keen to include your input, ideas and contributions for future editions so please e-mail any comments / feedback to newseditor.ireland@gecapital.com. Also, don't forget to enter our competition where you'll have the opportunity to win a great prize!
I am currently moving to a new role within GE Capital Woodchester and I would like to take this opportunity to sincerely thank you for your support in the first half of 2006 and indeed over the past three years. James Ryan is taking over responsibility for the Insurance Premium Division over the coming weeks and I will be working closely with him to ensure a smooth transition. James and the existing team of Account Executives and Sales Support Associates will continue to work to provide you with the right level of service to meet your needs for the remainder of the year and beyond.
Best regards,
Ciaran Coleman,
Divisional Manager
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Insurance Post Sept 11 - by Paul Kavanagh
- President IBA and Group Manager, McCarthy Insurance Group
What began as the most atrocious act of terrorism ever witnessed on September 11th last, has now manifested into the most serious situation ever to hit the world Insurance Markets. Across the globe, policyholders are facing huge increases in premia. Numerous Insurance companies have failed (gone bust). Many more have pulled out of certain classes of business such as Motor, Liability, Commercial and Medical.
Find out what the future holds for the Irish Insurance market at
http://www.gecapital.ie/gecapital/newsletters/equipment/0802-News-1.html
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Are you being Served? - by Declan Goggins, Goggins Insurances
Service from the Insurance Industry has been a big issue for many years and individual Brokers will get little comfort from the results of the recent IBA Service Excellence Report. A satisfactory rating of 54% in the non-life area clearly shows that Insurance Companies have a lot of work to do to reach what Brokers consider to be a satisfactory level. With little or no improvement in recent years, it would seem as if companies are acquiescing and happy to go along with the present situation - which is most frustrating. However, we live in hope.
The IBA Survey is wide-ranging but perhaps in future, a section should be included seeking Brokers views on their attitude to Direct Writers and the practice of Insurance Companies involved in dual pricing. I would venture to suggest that a zero rate would be "earned".
Full story available at
http://www.gecapital.ie/gecapital/newsletters/equipment/0802-News-2.html
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| GE Capital Woodchester Spotlight |
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GE Capital Woodchester News Update
Article by David Sharkey, National Sales Director
For this, our inaugural newsletter, I am delighted to take this opportunity to thank you for your continued support and business and I look forward to working to further enhance our partnership into the future.
The Insurance Premium Finance sector is an important market for GE Capital Woodchester and represents a very significant proportion of our overall Commercial Finance business. We are fully committed to providing the best possible service to Insurance Brokers and it is always extremely helpful to get feedback from you. You can do this by talking to your account executive or by going to the 'Contact Us' section of this newsletter. We are keen to hear your views - whether on the content and format of this newsletter or on our service in general.
Find more up-dates and announcements within GE Capital Woodchester at
http://www.gecapital.ie/gecapital/newsletters/equipment/0802-spotlight-2.html
Insurance Premium Team, Business Proposal Checklist and ID Requirement details
For details on the entire Insurance Premium team and a Checklist of what you need to provide our Central Processing Unit with when proposing business along with details of our ID requirements go to
http://www.gecapital.ie/gecapital/newsletters/equipment/0802-spotlight-1.html
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| Past Events, Clear Your Calendar |
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GE Capital Woodchester Annual Equipment Golf Outing
May 1st 2002, Luttrellstown Golf Course
Luttrellstown Golf Club in Castleknock was the venue for the Annual GE Capital Woodchester golf outing held on May 1st. The mixed weather conditions did not hamper the turnout with over 77 golfers from leading Irish businesses competing for first prize. Congratulations to Declan Goggins from Goggins Insurances who won first prize with 41 points.
Commenting on the day, Sean Webb, Chief Executive, GE Capital Woodchester said,
"I was delighted to see such a great turn out from Irish industry with so many faces both new and familiar enjoying our Annual Equipment Golf outing for customers and partners. It was an excellent day and once again the standard of golf was very high - so congratulations to all our winners."
See if you were caught on camera at the Annual Equipment Golf Outing
http://www.gecapital.ie/gecapital/newsletters/equipment/0802-Events-1.html
Clear Your Calendar!
Keep September 26th free for an exciting event which we are organising for supporting Insurance Brokers! More details on this event will follow. We promise that a great evening of entertainment will be had!
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| Competition, Your Chance To Win |
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Here is your chance to win a €150 voucher! Simply answer the following 3 questions correctly, e-mail the answers back to newseditor.ireland@gecapital.com. All correct replies received will be automatically entered into our draw. Closing date for entries is Friday 6th September. Winner will be notified by Wednesday 11th September.
Helpful hint, all of the answers are in the content of the newsletter!
Q1. Who is the CEO of GE Capital Woodchester?
Q2. Who is the 2001/2002 President of the IBA?
Q3. Who is the new Minister for Justice?
Good luck!
Notice:- Please note that the decision of GE Capital Woodchester in all matters is final.
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We value your feedback and suggestions for further newsletters. Please send us your feedback on any aspect of this Newsletter to newseditor.ireland@gecapital.com
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