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BIIBA in Millennium Bug warning to brokers

Over 1,000 brokers may be unable to trade at the turn of the Millennium because software providers have failed to make computer systems Year 2000 compliant.

A survey by the British Insurance & Investment Brokers&#39 Association shows many brokers are still using non-compliant software which could leave them unable to trade and process quotes.

Computer experts believe software will crash because systems are unable to recognise the change in date from 1999 to 2000.

Biiba says the problem is being caused by software providers Misys Penta, CSC Ra Quotel, New Millennium Technologies and CSC Ra Grapevine who have not supplied upgrades.

Biiba is urging software providers to issue upgrade packages by the end of the year.


Royal & SunAlliance rehires former top salesman

Royal & Sun Alliance International Financial Services has recruited its former top salesman as regional sales manager for the central London region.Mark Hurley was an executive broker consultant with Royal & Sun Alliance before becoming account manager at Canada Life.He was Royal & Sun Alliance&#39s top salesman in 1992 and 1993.RSAIFS is also relocating taxation […]

BVCA says over 1 million employed by venture capital-backed firms

Over 1 million people are employed by companies backed by investment from British venture capital, according to a survey by the British Venture Capital Association.The survey finds that over the 4 years to 1998 the number of people employed in venture capital-backed companies increased by 24 per cent against a national growth rate of 1.3 […]


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