News

The Lowdown on LOLER

Eradicate lifting disasters by following guidelines under LOLER 1998 (Lifting Operations & Lifting Equipment Regulations) Mechanical lifting equipment is used in every sector of industry, whether it be lifting and lowering of loads on a construction site, overhead cranes or patient hoists in a care home. The Lifting Operations and Lifting Equipment Regulations 1998 (LOLER) require people and companies who own, operate or have control over lifting equipment to follow strict regulations, including businesses and organisations whose employees use lifting …

Fear of cyber-attacks drives sale of insurance up 50%

Total written premium for cyber insurance globally today is estimated at £2bn. A survey carried out by CFC Underwriting has found that 40% of insurance brokers have seen their cyber book grow by 50% in the last 12 months. The insurance bosses surveyed noted that “fear factor” of impending and expensive attacks played a big part in the increase in policies. This demand is expected to continue into 2017 as cyber insurance policies become a must have for many companies. …

IPT hike – industry fears further rise

As IPT is raised to 12%, many commentators wonder if a VAT-matched rate of 20% is on the cards The rate of insurance premium tax (IPT) will rise again next June to 12%, the third increase in the space of 18 months (see graph below). Brokers launched a scathing attack on chancellor Philip Hammond after the November Autumn Statement, claiming IPT is a stealth tax on consumers. The government maintained in an official statement that IPT is a “tax on …

Abbey Bond Lovis take on Deep River Rock Belfast Half Marathon

After months of training and preparation some members of staff have completed this year’s Belfast Half Marathon. Individually each runner challenged their bodies over the grueling 13.1 mile city course in order to raise funds for this year’s ABL nominated Charity – NI Hospice. The Hospice provides specialist care to children, young people and adults with life limiting illnesses and their aim in both the adult and children’s service is to provide the best quality of life for their patients …

ABL CII Exam Success

On Friday 27th May 2016, the IINI (Insurance Institute of Northern Ireland) held their annual Award Ceremony in the Great Hall of Queens University of Belfast.  The Awards Ceremony celebrated the success of all members who completed a CII qualification in 2015.   Once again, ABL was well represented with staff completing designations at all levels ie CERT CII : Paula Wright, Alison Kane, Colleen Dempsey, Keith Burch, Tracey Brennan, Katherine Ringland & Jane McAlister; DIP CII: Barry Fox & Kevin …

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