Throwback Thursday: CII card woes; Hiscox grows

Throwback Thursday

Insurance Post’s Throwback Thursday steps back in time to May 1990 to remind you what was going on this week in insurance history: the Chartered Insurance Institute was suffering card woes, Hiscox was growing and Sun Alliance increased its stake in personal lines.

17 May 1990: CII card in doubt

Before you think, that was very modern of the Chartered Insurance Institute ditching plastic membership cards back in 1990, the card in question was an affinity credit card.

Post reported plans to launch an affinity credit card were shelved at the last minute after doubts were raised about the CII’s powers to become a credit broker.

The hitch was spotted only when the final contract between the CII and Transactional, the card managers, was vetted by the institute’s solicitors who warned the body’s Royal Charter may prevent it from entering this area.


Hiscox offshoot to deal direct

Lloyd’s managing agent Roberts & Hiscox set up a new company, Hiscox Insurance Agency, specifically to market a personal lines product that will be sold directly to provincial brokers.


Sun Alliance increases stake in Swinton

A further 19% of Swinton Holdings chain of 630 personal lines outlets was acquired by Sun Alliance for £31.7m, lifting its stake to 49%. Sun Alliance merged with Royal Insurance in 1996 to form RSA.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

A giant leap forward for bancassurance

What steps banks and insurance companies are taking today to offer cover in fresh ways, plus the giant leaps being taken to reshape bancassurance sooner rather than later, is investigated by Emma Ann Hughes.

Big Interview: Mark Till, Unum

Mark Till, CEO of Unum UK, shares how financial hardship in childhood made him want to take on his current job and what caused a significant uptick in uptake of the insurer’s products.

ManyPets overhauls product range

ManyPets has unveiled an entirely new range of insurance, which the provider says is its “biggest change to insurance plans since it launched pet insurance in 2017”.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here