Barclays
Aspen appoints group CFO
John Worth will replace Julian Cusack, who took the role on an interim basis after the February departure of Richard Houghton.
Axa Assistance recruits former L&G boss for sales director role
Axa Assistance UK has appointed Adam Smith, pictured, as sales director to accelerate the growth of the company's large corporate partnerships business.
Private equity firm named as ING bidder
Private equity firm Blackstone Group is teaming up with Mark Wilson, former head of AIA Group, and other investors in a bid for ING's Asian insurance business, according to Bloomberg's Businessweek.
Insurers oust banks as major hybrid capital players
Insurers have supplanted banks as major players in the hybrid capital section of the European bond market as a result of regulatory uncertainty, according to Financial News.
Lloyds Bank makes further PPI payments of £375m
Lloyds Bank has announced that its payment protection insurance misselling has cost it a further £375m.
Barclays sets aside £300m more for PPI
Barclays Bank has announced an interim statutory loss before tax of £475m (2011: £1,655m profit), including an additional provision of £300m for payment protection insurance redress.
Barclays general insurance complaints soar
Barclays has reported an increase in general insurance complaints, from 38 187 in the first half of 2010 compared to 73 692 for the same period in 2011.
Market moves: Insurers and consultants up the pace
As the insurance sector settles into 2012 its activity in the recruitment space has gathered momentum. Insurers had a busy week, with Markel, Mitsui Sumitomo and Royal Bank of Scotland Insurance bringing in fresh faces. Brokers, meanwhile, had another…
News analysis: Ombudsman moves to end ‘one size fits all’ fees for mass complaints
FOS consultation proposes supplementary fees to tackle record PPI complaints workload.
Barclays Corporate steps up NBFI push with insurance appointment
Bosses at Barclays Corporate have vowed to continue to develop the firm’s non-bank financial institutions following the appointment of new head of North American insurance Karla Maloof.
Equistone (Barclays) sells First Assist
Mid-market private equity firm Equistone Partners Europe - previously Barclays Private Equity - has sold after-the-event insurance provider First Assist Legal Expenses for approximately £28m to Burford Capital.
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.
A Plan to open more branches as brokerage breaks £50m barrier
High street personal lines broker A Plan has reported a 19% growth in operating profit for the 12 months ended 28 February 2011 to £19 95m (2010: £16.79m).
Payment protection insurance: Aversion therapy
As PPI mis-selling complaints continue to pour in to the Financial Ombudsman Service, are providers doing enough to salvage the reputation of the sector?
Aviva and L&G extend Barclays ties
Aviva has extended its product range offered through Barclays to include personal accident cover. Legal & General will provide critical illness insurance.
Marketing: The power of advertising
Effective marketing can be a tough challenge for financial services providers and having a strong presence is not enough, it must also resonate with customers.
Towergate appoints group HR director
Towergate Insurance has appointed Lucinda Charles-Jones as group HR director with effect from 24 October 2011.
Cigna acquires First Assist for £71m
Global health services company Cigna has agreed to acquire travel and protection insurance firm First Assist Insurance Services from Barclays Private Equity.
Post Office names head of insurance
Post Office Financial Services has confirmed the appointment of Rob Clarkson as its new insurance director.
Barclays Corporate bolsters insurance team with new appointment
Barclays Corporate is growing its corporate banking franchise in the insurance sector with the appointment of Jean-Pierre Darque, who will take on the role of relationship director within the insurance team, covering Western Europe.
Barclays to settle all PPI claims
Barclays are set to pay out compensation to everyone it sold payment protection insurance to and who made a complaint before 20 April, according to reports on the BBC.
FSA extends PPI complaints deadline
The Financial Services Authority has extended the timeframe for Barclays, Lloyds Banking Group and Royal Bank of Scotland to handle payment protection insurance complaints.
People moves - 19 May 2011
A round-up of people moves and new appointments in the industry, as featured in the 19 May 2011 edition of Post.
Murphy takes Barclays UK and Ireland role
Barclays Insurance has appointed Kieran Murphy as managing director of its retail business in the UK and Ireland.