MotoGP moves to Silverstone from 2010

January 13, 2009

Silverstone Circuits Limited has signed a five-year agreement with Dorna Sports, the commercial and television rights holder for MotoGP to host the British Grand Prix from 2010.

The Northamptonshire circuit previously hosted the race from1977 to 1986 and witnessed classics like the 1979 battle between Kenny Roberts and Barry Sheene.

Silverstone MD Richard Phillips says he is “thoroughly looking forward to hosting the world’s premier motorcycle racing event” and taking “this world-class event to another level.” “Silverstone is a unique UK race circuit,” he adds “rich in heritage and unrivalled in terms of what we are able to offer fans, championships and teams. The Grand Prix circuit offers a combination of high-speed straights and technical corners, presenting a real challenge to the riders, while the facilities for teams and spectators are second to none.”

Dorna Sports CEO Carmelo Ezpeleta stated: “We are delighted that the MotoGP World Championship is returning to Silverstone as of 2010. The venue has excellent facilities and a circuit with a great heritage, having hosted some superb Grand Prix racing in the 1970s and 1980s.”

January 9, 2009

News agency Reuters reports that Nigerian police have arrested scores of motorcycle taxi riders who have tied dried fruit shells, paint pots or pieces of rubber tyre to their heads with string to avoid a new law requiring them to wear helmets.

The new regulations which came into force on 1 January, have caused chaos in Africa’s most populous nation, where motorcycle taxis or “okadas” often carry two or three or even four passengers squashed up behind the “driver” round the chaotic and crowded streets of cities like Lagos and Kano. Many motorcyclists complain that helmets are too expensive and their passengers are refusing to wear them fearing they will catch diseases such as scabies, craw-craw, ringworm or dandruff ‚ or become victims of black magic spells.

The law is causing frequent confrontations between two rival factions equally feared by Nigerian motorists: the okada operators, who are notoriously prone to erratic riding and road-rage, and the bribe-hungry traffic police.

Some bikers are using calabashes (the dried half-shells of a gourd-like local fruit the size of a pumpkin, usually used as bowls) or pots and pans tied to their heads with string to try to dodge the rules. Meanwhile construction workers have set up a lucrative trade renting out their safety helmets for around 500 Naira (2.42 GBP) a day.

January 9, 2009

Insurance Times’ Danny Walkinsure argues in their latest issue that the MBO of Insurance Group Australia’s Hastings Direct and Advantage operations and the sale of Equity Insurance Brokers to Swinton left all parties smiling and indeed “skipping into Christmas.” Hastings and Advantage chief executives Ed Fitzmaurice and Keith Charlton, Swinton CEO Patrick Smith, and indeed IAG “all appear to be hugely relieved that the negotiations are over and each is now ready to take their business and go their separate ways.” Identifying future challenges for each, however, Walkinsure says IAG will be focusing on driving forward specialty motor underwriter Equity Red Star under UK Chief exec Neil Utley. Swinton‚ with 91 new branches to add to its previous 489‚ will be concentrating on digesting its £50m purchase. Hoping that the only way is up, Fitzmaurice and Charlton meanwhile must now concentrate on securing “the backing of the rest of the market, a prospect that might be easier said than done.” Exactly how one does a prospect is less than clear, but presumably the skipping and smiling has by now given way to more a serious and focused business approach. An interview with Ed Fitzmaurice appears in this week’s Post Magazine.

January 6, 2009

Further to a story originally reported by Fleet News, Post Magazine and others in November last year, Helphire Group yesterday officially confirmed it had accepted the resignation of former Chief Executive Mark Jackson as a director of the company effective 1 January 2009. He was replaced as CEO by Mark Adams on 13 November 2008.

January 6, 2009

Despite widespread media reports to the contrary between Christmas and the New Year, it seems RBS may not yet have shelved plans to sell its insurance operation RBS Insurance, which includes Direct Line and Churchill. BestWire the live news service of ratings agency A.M. Best quoted RBS spokesperson Linda Harper last Friday insisting that RBSi remains up for sale. The National papers had previously reported that idea of a sale, first mooted in April, had been dropped due to lack of interest from potential buyers. RBS is apparently seeking around £7bn for RBSi, which is, among other things, the UK’s largest insurer of private motor vehicles.

« Newer Posts

What our clients say about us

The staff member I spoke to was very polite, sympathetic and just sounded like a very nice person and this made a difficult time for me much easier. Thank you.
Mr. M - Felixstowe