Lloyds Banking Group
Top UK Insurers ranking 2016: Number 19 – Lloyds Bank General Insurance
Rank: 19 (2014 rank: 24)
Moore and Beale elected to top CII jobs
Thomas Carroll Group chairman John Moore MBE has been elected president of the Chartered Insurance Institute.
ABI appoints Tim Harris to chair of PFT committee
Tim Harris, group finance director of Royal London, has been appointed as the new chair of the Prudential, Financial and Taxation Committee and is joining the the Association of British Insurers'board.
Lloyds Banking Group insurance profit hit by weather claims in H1 2016
Lloyds Banking Group this morning reported that its general insurance business saw a 12.5% drop in general insurance ‘underlying profit’ for the first half of 2016 after reporting £168m in income (H1 2015: £192m).
C-Suite Insurer: Lloyds Banking Group's Bill Cooper on securing better returns on investments
The current environment for insurers and brokers remains challenging as they continue to wrestle with the cost of regulatory change, shifting consumer habits and very low interest rates
Flood Re reveals Aviva, Direct Line and Lloyds Bank among launch insurers
Flood Re has revealed that more than half of the UK household insurance market by premium will be offering products backed by the provider when it formally launches next week
Bank of Scotland launches car insurance with BGL's Junction
Bank of Scotland, part of the Lloyd’s Banking Group, has partnered with BGL Group’s Junction to offer car insurance.
FCA finds PPI complaints rise but other GI concerns continue to fall
Payment protection insurance complaints have increased but general insurance claims outside of this category have continued to fall, according to the Financial Conduct Authority's latest report.
Storm and flood claims to cost Lloyds Banking Group £60m
Lloyds Banking Group expects to fork out around £60m on claims for household damage caused by the floods and storms that wracked the UK over December and the New Year.
Axa extends travel insurance deal with Lloyds
Axa Insurance has extended its existing travel insurance agreement with Lloyds Banking Group to include a new deal to provide the same cover to the group's Halifax customers.
C-Suite - Insurer: Brexit: what could it mean?
Uncertainty over the UK’s membership of the European Union is causing discomfort at senior level.
Blog: What happened to the Friends Reuniteds of the insurance .com boom?
We are currently living in an age where digital start-ups are very much in vogue.
Blog: Solvency II to fuel further consolidation in 2016
During the last 12 months, insurers have responded to the prevalent commercial, economic and regulatory pressures by stepping up mergers and acquisitions activity, cutting costs and rationalising non-core activities.
Police to investigate RSA's missing storage device
RSA is working with police to investigate a storage device containing customer information that is missing and has been reported as stolen.
Trust In Insurance: Blog: Trick or treat?
Insurers need to work harder to explain the intricate workings of the industry to customers.
Q&A: Robert Fletcher: Presidential priorities
Elected as the Chartered Insurance Institute’s 119th president last month, Robert Fletcher tells Post that building trust, remaining relevant and finding a suitable successor for outgoing CII CEO Sandy Scott are among his top priorities for the year…
PIB tipped to make rival Jelf bid as GRP refutes interest
Brendan McManus’s PIB has been tipped as a potential alternative bidder for Jelf amid doubts other businesses have the financial firepower to outbid broking giant Marsh.
Aviva signs seven-year distribution agreement with TSB
Aviva has signed an exclusive seven-year distribution agreement with TSB covering the distribution of Aviva’s core general insurance products including home, travel, motor, pet, and commercial insurance through TSB’s branch network, online and via…
Refinancing deals in vogue as smaller firms eye their own M&A options
Bank refinancing deals will help small and mid-sized insurance companies remain competitive in the aggressive mergers and acquisitions environment, with further refinancing arrangements expected in the coming months, according to insiders.
Swinton poaches Lloyds' Beaven for distribution director role
Swinton has looked to the banking sector in recruiting a new distribution director, appointing Richard Beaven, formerly of Lloyds Banking Group, to the role.
FCA slams Lloyds Bank's ‘unacceptable conduct’ as it issues £117m PPI fine
Lloyds Banking Group today (05 June) received a landmark fine over its mishandling of Payment Protection Insurance Complaints.
Lloyds Banking Group to be hit with PPI fine in excess of £100m
Lloyds Banking Group is reportedly set to be slapped with a record fine of more than £100m by the Financial Conduct Authority for mishandling payment protection insurance complaints.
Bank of Scotland to offer own-brand car insurance through Junction deal
BGL Group's affinity arm Junction has added two motor insurance propositions to the Lloyds Banking Group insurance offering including a Bank of Scotland-branded motor insurance product.
Blog: Shifting strategies - how can insurers secure a better return on their investments?
In recent years the combination of a turbulent macro-economic environment and the changing regulatory landscape has forced insurers to reassess their investment strategies.