Lloyds Banking Group
CII to engage LV, Admiral and Esure in retail standards scheme
The Chartered Insurance Institute will kick-start its retail standards initiative by asking senior executives at firms including LV, Admiral and Esure whether such a scheme is likely to generate industry-wide support.
Aviva’s risk boss appointed ORIC chair
The Operational Risk Consortium has appointed Aviva group operational risk director Michael Sicsic as its board chair.
Admiral swoops for former Phoenix Group CRO
Admiral has recruited the former chief risk officer of pension fund consolidator Phoenix Group to serve as a non-executive director and risk committee chair.
Lloyds Banking Group firms hit with £28m FCA fine
The Financial Conduct Authority has fined Lloyds TSB Bank and Bank of Scotland, both part of Lloyds Banking Group more than £28m for serious sales incentive failings including protection products.
Andy Haste tipped for TSB chair role
Former RSA boss Andy Haste is the front-runner to take up the chairman role at high street bank TSB, according to reports.
ABI unveils rehab insurer panel
The Association of British Insurers has revealed the make up of a new rehabilitation panel to provide a unified voice for insurers.
Lloyds Bank completes €300m German life insurer sale
Lloyds Banking Group has completed the sale of life insurer Heidelberger Leben to a combination of Hannover Re and Cinven, a private equity group.
Penny speed meets... Martyn Foulds, senior insurance claims manager, Lloyds Banking Group
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Lloyds credits dry 2013 for 11pp COR improvement
Lloyds Banking Group’s general insurance business has attributed a reduction in weather related claims during the first half of the year for an improvement of 11 percentage points in its combined operating ratio.
Vision 2020: Full steam ahead
Despite the report fading from memory, the insurance industry is still on track when it comes to achieving Vision 2020’s key aim to progress the industry
SSP appoints marketing director to drive brand reputation
Pam Wilde has taken up the position of marketing director at insurance technology provider SSP.
UK banks told to raise £27bn
Figures from the Bank of England’s financial policy committee show a shortfall of £27.1bn in capital held by five UK financial institutions, half of which were at Royal Bank of Scotland.
CII "well placed" help to improve banking standards
The Chartered Insurance Institute is “well placed” to help improve standards in the banking sector, according to chief executive Sandy Scott.
Payment Protection Insurance: Paying the price
With payment protection insurance complaints putting a seemingly never-ending financial strain on the industry, can the product ever bounce back?
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.
Post Intelligence – company profile: Lloyds Banking Group
Produced by Post Intelligence in association with Brook Intelligence, this comprehensive company report studies Lloyds Banking Group’s strategy, operations and financial performance.
Crawford making redundancies after Ecclesiastical, LBG panel cuts
Crawford & Company has revealed that it expects to make a number of staff redundant after the most recent round of panel reviews.
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.
Banks’ PPI problem sees insurance complaints on the rise once again
Consumer complaints about payment protection insurance are continuing to rise, with the total number of complaints in the second half of 2012 increasing by 5%, compared with the previous six months, to 2.17 million.
Lloyds TSB tops FCA insurance complaint figures
Payment protection insurance complaints are continuing to rise in the latest data from the Financial Conduct Authority, with Lloyds TSB subject to the most insurance complaints in the second half of last year.
Aviva commercial director Thornton to join Lloyds Banking Group
Lloyds Banking Group has appointed Aviva commercial director Craig Thornton to the role of general insurance director.
Validus completes LDC-backed MBO
Motor claims specialist Validus-IVC has completed a management buyout with the support of former Davies backer Lloyds Development Capital.
Lloyds job cuts at odds with growth plans, warn unions
Lloyds Banking Group's strategic objective of building long-term stability and growth is being jeopardised by its willingness to sacrifice staff's job security in favour of casual employment contracts, according to trade union Unite.
Insurance jobs go at Lloyds Banking Group amid 550 redundancies
Lloyds Banking Group is cutting 550 jobs from its risk, insurance, commercial banking, retail and wealth, asset finance and international divisions.