Sponsorship levels
  • Kryptonite
  • Titanium
  • Bling Bling
  • Platinum
  • Gold
  • Lead

Please contact Riskbitz for sponsorship opportunities
Subscribe to RISKbitz email service – FREE

If you want to be kept up-to-date with the news and features at RISKbitz, sign up to the FREE email service, and receive regular emails containing news and other stuff with links to the RISKbitz website.

SIX reasons to sign up to the email service:

  1. It's FREE
  2. It's a laugh
  3. It's a break from work
  4. It's still FREE
  5. Get FREE entry to the RISKbitz prize draw (free entry but it costs £2,500 to win)
  6. All subscribers get a FREE pencil (HB1 or HB2) – please send a SAE and £10.00 to cover post and packing.

YES! I want to be kept up to date with RISKbitz. I have nothing better to do. Sign me up to the regular email updates from RISKbitz.

News: Top Stories


Expenses scandal engulfs reinsurance executives

Rebore Magazine's explosive exposé of reinsurance executives' expenses continues with yet more damaging revelations about the extent of the scandal. The latest reinsurance executive to have been economical with the truth of the matter is Sir Cuthbert "Cutty" Sark, chairman and CEO of Hapless Insurance.

According to Rebore Magazine, Sir Cuthbert claimed the cost of a round the world airfare, including three day stopovers in the Seychelles, Tobago and Bali, en route to Monte Carlo for last year's rendezvous. The total cost of his trip to Monte Carlo was £140,000.

Latest Rebore
expenses headlines

Sir Cutty told Rebore reporters that he felt it was wholly justified as his secretary had tried to book a Ryan Air flight to Monte Carlo but the flight times weren't suitable and an alternative route was necessary.

"The new route, using some of the best airlines in the world, represented extremely good value for money for our shareholders, especially when one takes into account the new Ryan Air charges for extra baggage, lunch and drinks. I understand they are even planning to charge for using the toilet. All toilet breaks on my rearranged itinerary were free," said Sir Cuthbert.

The revelations add to a growing list of expense shockers, which include:

  • A three week shopping trip for Lady Johnson in Dubai while Sir Norbert "Nobby" Johnson, Mocha Re's chief executive and chairman, attended Baden Baden.
  • A villa in Tuscany, purchased by Debaucher Re chief executive Jean-Claude Bidet, to allow him to avoid expensive hotel bills in Monte Carlo during the Rendezvous.
  • A five month stay in Montserrat at Princess Margaret's former home "to observe the Caribbean Hurricane Season at close hand" claimed by Gollum Re's, chief executive Burl Juggernaut III.
  • A six week cruise from London to New York to deliver important policy documents to the insured, claimed by Ian Luddite, chief executive of the Luddite Agency.

The scandal has been on the front page of Rebore Magazine for the last two months and has resulted in Rebore's circulation tripling. When RISKbitz contacted the magazine to enquire about rumours that Rebore journalists had purchased a brand new top of the range 120 foot luxury cruiser in order to attend the Rendezvous, nobody was able to confirm or deny the story. "They've all buggered off to Rio de Janeiro for a couple of weeks - on expenses obviously, they're not that well paid," said a source.

 

 


email this article to friend

 
Last train to Clarkesville
the serious stuff
You need help