Payment protection insurance (PPI)
Ex-Towergate boss to target US market
British Insurance founder Simon Burgess has left the Towergate-owned company to set up an income protection insurance firm in the US.
Lloyds GI book hit by £156m rise in claims
The group saw its general insurance profit dip 32% in 2009 to £367m (2008: 537m) and overall insurance arm profit fall 34% to £1.2bn (2008: £1.54bn).
Compare expands to meet demand
Compare the market has expanded with three new appointments, director of insurance partners, director of money and senior manager for life and general insurance.
Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
FSCS predicts increase in PPI compensation claims
The Financial Services Compensation Scheme has forecasted an increase in payment protection insurance compensation claims for the rest of the financial year and into 2010/11 - which could increase the levies on insurance firms.
Select & Protect extends Tenet deal
Select & Protect has broadened its relationship with the Tenet Group by partnering with Tenet Supports Services and Premier Partnership to offer members its full range of general insurance products.
Cardif Pinnacle to provide MPPI cover for Yorkshire customers
Cardif Pinnacle has agreed a five year contract to provide Yorkshire Building Society customers with Mortgage Payment Protection Insurance.
First Assist agrees ASU deal with Home & Protect
First Assist has been appointed to provide accident, sickness and unemployment products to Towergate arm and its network of advisors.
Higos launches new PPI product for property tenants
Higos Insurance is offering a payment protection plan to tenants concerned about meeting their rental payments in the event of unemployment or sickness.
Post Magazine 28 January 2010
This issue featured an interview with new Zurich UK general insurance CEO Stephen Lewis, a review of the industry's recent PPI troubles, a look at Directors & Officers' market and soem indepth legal updates on professional negligence, broker duties,…
Regulation - PPI fallout: Burst the balloon
With the Competition Commission poised to bring a new case against point of sale payment protection insurance, Leigh Jackson asks what now for the sector — and where might the regulator point its finger next?
The contented regulator
Six months into his regulatory role, Ken Hogg talks to Jonathan Swift about why after two decades working for insurance companies he is now well placed for life at the Financial Services Authority.
MPPI sales figures double in three months for GI provider
Select & Protect mortgage payment protection insurance sales figures have doubled since its launch in July this year.
Paymentshield set to cut 20% of staff
62 employees in redundancy talks
Swinton apologises to consumers after FSA action
Broker says sorry after £770 000 PPI fine described by FSA head Margaret Cole to be the result of "deliberate breaches".
Competition Commission prevented from imposing PPI point of sale prohibition
Tribunal rules that CC must reconsider POSP plans
Family returns
Tim Johnson moved to his third Towergate-owned firm, Paymentshield, in the summer. Here he outlines his plans for the business to Jonathan Swift.
Aggregator backs MPPI agreement
Money Supermarket says deal is good news for customers
Changing times
With the Competition Commission ready to effect its report on the payment protection insurance market, Drazen Jaksic looks at what insurers must do to comply.
FSA unveils new PPI complaints measures
185,000 previously rejected claims due to be reopened