RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
The contract will replace the supermarket's current 10-year deal with Halifax Bank of Scotland Insurance, now known as Lloyds Banking Group, in the summer.
In other news, a Bury man has been imprisoned for six months for his part in a complex motor insurance fraud in a landmark civil judgment after he was found to be in contempt of court by a QC at Bradford High Court; Post has learnt that former Travelers Ireland vice president Ken Norgrove is poised to be named as Zurich's new chief executive for Ireland; Insurance lawyers have played down fears that plans to introduce a no-fault system for clinical negligence claims in Scotland could result in forum shopping; and global general insurance rates will not be dramatically affected by Japan's earthquake and tsunami, according to Aviva's chief underwriting officer, Axel Schmidt.
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