Lloyds Banking Group
Lloyds to build on HBoS ties with new long term agreement
Lloyds Banking Group has appointed Munters MCS to provide property damage restoration services for its domestic insurance customers in a long term agreement.
Endsleigh and Lloyds TSB to take volcano claims hit
Endsleigh and Lloyds Banking Group have agreed to compensate customers for certain volcanic ash travel claims following the decision by their underwriter, Axa, not to pay out most claims.
Lloyds content despite fall in new insurance sales
Lloyds Banking Group has reported new insurance sales are modestly lower than the equivalent period of last year.
Lancashire enters $200m credit facility
Lancashire Insurance Company has entered into a $200m bi-lateral two year letter of credit facility with Lloyds TSB Bank.
UK General adds to board with new FD
Oliver Laird has been appointed finance director, UK General Insurance, with immediate effect.
Power Place appoints regional heads
Power Place has restructured its 36-strong field based sales and consultant team into three distinct regions, each to be managed by three newly appointed senior regional managers.
Lloyds GI book hit by £156m rise in claims
The group saw its general insurance profit dip 32% in 2009 to £367m (2008: 537m) and overall insurance arm profit fall 34% to £1.2bn (2008: £1.54bn).
Complaints against insurers revealed
Lloyds TSB Bank received more complaints relating to general insurance than any other financial services company in the second half 2009.
Roundtable: Online product delivery - Rise of the machines
The internet has had an enormous impact on the insurance industry, Post hosted a roundtable to find out its influence on product delivery. Stephanie Denton reports.
Esure to stop underwriting Halifax policies
Esure will cease to underwrite Halifax's motor policies after it was bought out by founder Peter Wood from majority stakeholder Lloyds Banking Group in a £185m deal.
Editor's comment: Esure sale is yardstick for personal lines deals
The January sales may not have thrown up much in the way of bargains for those hoping to acquire insurance-related companies. But February is looking like it could prove a more successful month for those seeking a nice little earner at a knockdown price.
PE firm outlines Esure MBO involvement
Electra Partners has issued a statement regarding its £30m investment in Peter Wood’s buyout of Esure from Lloyds Banking Group.
Lloyds sells Esure stake to founder Peter Wood for £185m
Lloyds Banking Group has sold its 70% stake in esure, the online insurer, to a management buyout vehicle to be called Esure Group Holdings, led by Esure chairman Peter Wood, for a cash consideration slightly in excess of book value in the Lloyds Banking…
Mergers & Acquisitions- Insurers: Coming back up
After a downturn in 2009, insurer merger and acquisition activity looks set to make a resurgence in the coming year. Amy Ellis reports.
Ecclesiastical manager joins Markel
Anne Hudson has joined the retail division of Markel UK as as business development manager.
Lloyds Banking Group management reshuffle
The Lloyds Banking Group has confirmed new management appointments for its insurance division as part of its “integration” programme.
Fraud - voice stress analysis: Liar, liar
With fraud costing insurers £1.8bn in 2009, Daniel Dunkley explores the validity and effectiveness of voice stress analysis technology, once hailed as a 'silver bullet' for the industry.
News analysis - aggregators: Back to black?
The past three months have finally seen private motor prices increase en masse. Tom Cooper analyses this and its potential for a return to market profit.
Former HBoS insurance boss joins RBSI as personal MD
Tom Woolgrove to join RBSI in April.
Esure chairman Peter Wood seeks buyout
Mr Wood is attempting to buy out his Esure motor insurance business from Lloyds Banking Group.
At the crossroads
2009 saw a slowdown in broking merger and acquisition activity in favour of contemplation and integration. Daniel Dunkley reports on a year that on the surface was relatively quiet.
