Co-operative Insurance
The Co-operative plans stock market listing
Shares in the Co-operative Bank will be available on the stock market for the first time as part of a plan to strengthen its capital position to the tine of £1.5bn.
Levene calls for clarity around Co-op's failed bid for Lloyds branches
Former Lloyd's chairman Lord Levene has called on government to confirm whether it favoured the Co-operative Bank's takeover bid of 632 Lloyds Banking Group branches over one by his own vehicle, NBNK.
Royal London members back Co-op life deal
95% of Royal London members have today voted in favour of the mutual’s acquisition of the Co-operative Banking Group’s life insurance and asset management business.
Subrogation: Fair Play?
With some firms facing criticism over their approach to subrogation, are motor insurers acting in customers’ best interests or is this outdated legal framework being exploited?
Co-op Bank recruits ex HSBC banker for chief exec role
The Co-Operative Group has recruited HSBC’s former North American chief executive to revive the fortunes of its banking operation, while the Co-op's group's CEO has conceded "there is much work to be done".
AGM vote represents ‘significant protest’ against RSA directors’ pay
Meeting also sees major shareholders voice disappointment over dividend cut.
Co-op rated “junk” by Moody’s
Moody’s has downgraded the Co-operative Bank’s debt rating to “junk” status, warning the bank may need “external support”.
Co-op exits Lloyds branch deal
The Co-operative Group has withdrawn from plans to purchase 632 branches of Lloyds Bank, having first announced a deal in December 2011.
Aviva linked with 'astonishing' Co-op bid
Aviva could be in line to make a bid for The Co-operative Insurance’s non-life business, according to a report in the Sunday Times.
Telematics helps The Co-Op recover 92% of stolen vehicles
Telematics devices have facilitated the speedy recovery of stolen vehicles, according to Wunelli.
Mutuals “in prime position” with reinsurers says Willis Re
Mutual insurers can capitalise on the changing buying habits in reinsurance markets according to Willis.
Co-op appoints Deutsche Bank for GI sale
The Co-Operative has recruited Deutsche Bank to lead the sale of its general insurance operation with a price tag of more than £650m, according to reports.
Fellow mutuals deny interest in Co-op GI arm as Truell bid rumoured
Mutual insurers LV and NFU Mutual have ruled themselves out of competing for The Co-operative’s general insurance business, which is understood to have caught the attention of a group of financiers.
Truell among bidders linked to Co-op sale
Mark Summerfield, managing director of The Co-operative Insurance, has said the planned sale of the general insurance business is “entirely in line with the group’s strategy” to build a “compelling competitor in high street banking that customers will…
The Co-operative reveals plan to do away with GI business
The Co-operative Group has today signalled its intention to sell its general insurance business.
RSA and NFU Mutual ink bilateral claims deal
RSA has completed the signing of its fifth bilateral agreement on personal injury claims, signing a deal with NFU Mutual.
David Neave joins Parabis board
The Co-operative's outgoing general insurance managing director David Neave has become Parabis' first non-executive board member since it gained an alternative business structure licence last August.
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Analysts cast doubt on Co-op’s ability to sell off general insurance business
The Co-operative Bank may struggle to offload its general insurance business as part of a bid to make up a capital shortfall that is expected to result from a market-wide investigation of banks by the Financial Services Authority.
Co-op considers sale of non-life insurance business
The Co-operative Bank is believed to be considering the sale of its non-life insurance business to address a billion pound deficit.
CIS calls for Competition Commission action on subrogated claims model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having had a bilateral agreement with the insurer in place since last July
Co-op criticises subrogated model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having a bilateral agreement with the insurer in place since last July (www.postonline.co.uk/2188179).
Axa Assistance and the Co-operative strike motor breakdown deal
Axa Assistance and the Co-operative Insurance have signed a new deal extending their motor breakdown and accident assistance scheme, on their 25th trading anniversary.