Formed in July, Engineering Risk Underwriting Managers offers All Risks cover for contractors, plant, erection, machinery breakdown and consequential loss of profits. It also covers electronic equipment, particularly computers. On average, every credit card user carries 2,5 credit cards in his wallet. No, this is not a riddle but a question which banks and credit card companies have tried to answer. By introducing or becoming affiliated with loyalty programmes, they hope to persuade the customer to use their card in preference to others.
Loyalty programmes reward customers with points for using the card.
When enough points have been accumulated, they can be exchanged for exotic holidays on palm treed islands, flying lessons, gold and diamonds. Bad economic news heaped on pessimism is translated into escalating emigration and capital drains. International removal firms it seems are the only ones making a killing. The mood is being fuelled more by uncertainty than dismal economic fundamentals. The Asian market crisis and the more recent problems in Russia have given rise to the volatility and worldwide stock market fluctuations, particularly in emerging markets, where there have been some dramatic share price slumps.