Tesco Bank
Direct Line and More Than launch telematics products; Easy Jet adds Covid-19 cover; Sedgwick sells UK subsidiary; and Shift becomes latest European insurtech unicorn
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Aviva completes 'refocus' with sale to Allianz; Axa and Tesco join forces; Chubb takeover rebuffed and Bought By Many enters US
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
UK Insurer Hot Seat 100: who has been at the top the longest?
Post has compiled a list of the 100 highest profile people working at the top for UK general insurers, Lloyd’s vehicles, international insurers with a UK presence, regulators, trade bodies and markets based on how long they have been in the hot seat.
LV tops Aviva, Churchill, Nationwide and Saga to win customer service crown according to ICS
LV has again been ranked the top insurance organisation in the UK by the Institute of Customer Service in its biannual UK Customer Satisfaction Index, although the gap at the top between it and the chasing pack has been reduced.
Tesco Bank switching to in-house underwriter for all home and motor insurance
Tesco Bank new and renewing home and motor policies will be underwritten by Tesco Underwriting from August, the business announced on Tuesday.
Ageas sells Tesco Underwriting stake for at least £125m
Tesco Bank will pay Ageas at least £125m for its 50.1% stake in Tesco Underwriting as it confirmed the deal first revealed by Post last year.
Analysis: Rise of the clones
Insurance clone warnings doubled last year, as fraudsters got creative in their attempts to scam the public. Post investigates the rise of the clones and asks why it is so tough to police these fraudulent firms
This week in Post: Driving out distraction
Road Safety Week marked the launch of Post’s Driving out Distraction campaign, in which we are urging the industry to pay attention and pull over rather than using hands-free devices while driving.
Analysis: Ageas and Tesco joint venture labelled success with separation on horizon
Experts have predicted an increase in partnerships in the insurance industry but do not see another joint venture on the horizon, as Tesco gears up to buy out Ageas' share of their Tesco Underwriting joint venture.
Tesco to buy out Ageas from insurance joint venture
Exclusive: Tesco has notified the Ageas UK board that it is likely to end its decade long home and motor insurance relationship next year, Post understands.
Interview: Geoff Carter and Trevor Webb, Sabre Insurance
A self proclaimed ‘little gem’, Sabre literally went public last year with a London Stock Exchange listing. Jonathan Swift caught up with the management team to get under the bonnet of the non-standard motor insurer
Analysis: Insurers torched on Twitter over Liverpool Fire
How social media influenced the response of insurers to the Liverpool fire
Liverpool fire response 'sets a dangerous precedent', says Axa's Blanc
Exclusive: Insurers who have waived the excess of policyholders affected by the Liverpool car park fire are setting "a dangerous precedent”, Axa UK and Ireland CEO Amanda Blanc has said.
Ageas and Tesco Bank in U-turn over Liverpool car park fire
Ageas and Tesco Bank have said they will refund any excesses paid by car-owners in relation to the Liverpool car park fire, amid widespread anger from customers.
Updated: Insurers slammed over Liverpool fire response
Insurance companies have been slammed by motorists for their response to the Liverpool car park blaze.
Tesco Bank to exit life, GI unaffected
Tesco Bank is to withdraw from the life insurance market, but its general insurance offering will not be affected.
Market Moves - 22 October 2015
All the latest movers and shakers on the insurance scene
Tesco Underwriting names ex-RSA boss Kingshott as CEO
Steve Kingshott has been appointed CEO of Tesco Underwriting, the partnership between Tesco Bank and Ageas UK.
Geoff Carter resigns from Tesco Underwriting
Tesco Underwriting has announced the resignation of Geoff Carter, CEO, who will take up another senior position within the industry later this year.
Tesco reports rise in insurance profits
Tesco has posted a slight rise in insurance profits for the full year ending 28 February 2015, the company has announced.
Penny Black super speed meets: Hannah Squirrell
Hannah Squirrell is marketing director – insurance, Tesco Bank.
Penny Black’s Insurance Week - 26 February
During a recent elegant evening out at the rather fine dining establishment and purveyor of seasonal British grub Hix Soho, Penny was thrilled to discover that her hosts – the lovely folk from Tesco Insurance – were as keen to sample new culinary…
90% of 2013/14 winter flood and storm claimants satisfied with service
Nine out of ten customers that made a flood or storm claim last winter were satisfied with the way it was handled, according to a study by the General Insurance Market Research Association.
Ageas UK and Tesco Bank extend underwriting partnership
Ageas UK and Tesco Bank have extended their Tesco Underwriting partnership with Ageas UK CEO Andy Watson saying the commitment underlines the strength of the collaboration.