Lloyds Banking Group
Market moves - 20 October 2011
This week the main movers and shakers were loss adjusters, with Davies, Woodgate & Clark and Advanta all making major appointments.
Broker Assistance forced into administration
The Credit Hire division of Broker Assistance has been forced into administration by government owned Lloyds TSB.
BIS 2011: Indebted firms face refinancing battle
Brokers could be facing a “refinancing battle” over the coming years, according to an insurance banking expert who has issued a stark warning to heavily indebted businesses.
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
RBSI appoints director of pricing
RBS Insurance has recruited Rudi Van Delm to its personal lines executive team as director of pricing, subject to FSA approval.
A&A seeks CEO before Euro push
Non-standard motor broking specialist A&A Group has outlined ambitious plans to expand its European footprint, ahead of a potential cash injection.
Lloyds Bank reports GI profits up 10%
The insurance division of Lloyds bank has reported a half year profit before tax of £543m – up 16% compared with £469m in the first half of 2010.
Editor's comment: Partners and crime
This week's insurance news theme could be the stuff of another unpublished Jane Austen novel — Partnership & Punishment — although it's doubtful the Bodleian would fork out another £1m for the privilege. Or perhaps with a title like that it's more…
Axa regains TUI travel contract from Mondial
Axa Personal Lines has ousted Mondial Assistance as underwriter for travel giant TUI, following a successful tender bid to win back the three-year contract. It comes less than a week after Axa sealed a similar deal to retain the Lloyds TSB travel…
Interview - Ant Middle: Taking the Middle ground
Rejoining Aviva after spending 10 years at Axa was an attractive choice for Ant Middle, during a time of upheaval at both companies. He talks to Mairi MacDonald about the changes and challenges that lie ahead.
Axa seals multi-year Lloyds TSB deal
Axa has won out in its bid to retain the Lloyds TSB travel insurance account for a third consecutive term, following a successful tender process.
Davies Group set to sell for more than £60m
Davies Group is expected to be sold for a bid of more than £60m, after its majority shareholder embarked on an auction process.
Lloyds Banking Group exec joins Towergate board
Senior Lloyds Banking group director Truett Tate has joined the board of Towergate as an independent non-executive director.
Allianz wins £150m BMW deal from RBSI
Allianz Insurance has expanded its partnership with BMW Financial Services after winning a deal to provide car, home and travel products to customers of the car manufacturing giant from Royal Bank of Scotland Insurance.
Penny black's insurance week
One could be forgiven for losing track of what's going on behind the revolving door at Aviva Towers of late, where the UK insurance giant has been hit by a spate of senior management changes.
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.
News analysis - Mark Hodges' move: A little bit of history repeating
With the shock news that Mark Hodges is to join Towergate, Daniel Dunkley reports on the market's reaction and what this means for Aviva and the consolidator.
View from the top: Trust is our bedrock
Last month, I attended the funeral of a good friend, Damien Doran, who worked for Perkins Slade, a great broking firm in Birmingham. Damien was the best of our industry. A man you could rely on to do the right thing for his clients, respected by everyone…
Exercise Watermark set for insurer-specific rerun
The Association of British Insurers has confirmed Exercise Watermark, the government's emergency flood scenario run nationwide in March, will be re-enacted specifically for the insurance industry in August, in conjunction with the Cabinet Office.
Aviva Life CEO heads to Lloyds Banking Group
Lloyds Banking Group has appointed Aviva UK Life CEO Toby Strauss to the position of group director for Insurance.
Lloyds execs to hand back bonuses
Lloyds Banking Group is taking back part of the bonuses awarded to senior executives as a result of the £3.2bn hit the bank took for mis-selling payment protection insurance.
Lloyds seeks GI partner to focus on banking
Lloyds Banking Group is expected to seek a joint venture partner for its general insurance business amid strong speculation that it is gearing up to dispose of its Edinburgh-based life and pensions business Scottish Widows.
BBA rules out PPI appeal as banks plan for payouts
The British Bankers' Association has abandoned plans to appeal a high court ruling, after four of the major banks have set aside money for to compensate mis-selling payment protection insurance.