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Insurance

Posted Mon, 30/08/2010 - 04:59 by tmark938

Royal Bank of Scotland on the verge of Direct Line sale

Royal Bank of Scotland on the verge of Direct Line sale

Sunday 29th August 2010

Despite the fact that Royal Bank of Scotland had initially wanted to sell its Direct Line insurance division in 2012 via an IPO it is believed the company is on the verge of announcing a trade sale very soon. There is speculation that figures ... Full Story>>

Posted Sun, 29/08/2010 - 00:30 by tmark938

Is it time to review your car insurance?

Is it time to review your car insurance?

Saturday 28th August 2010

If there is one area of the insurance market which continues to attract the wrath of UK consumers it has to be the car insurance sector. This is an area of the insurance market where premiums constantly seem to go higher and higher with ... Full Story>>

Posted Fri, 27/08/2010 - 16:38 by tmark938

Royal Bank of Scotland to close half of its insurance offices

Royal Bank of Scotland to close half of its insurance offices

Friday 27th August 2010

In a rather disappointing and surprise move it has been announced that Royal Bank of Scotland will be closing half of its insurance offices with Glasgow, Peterborough and Bristol earmarked for closure. This will result in well over 1000 jobs ... Full Story>>

Posted Tue, 24/08/2010 - 21:32 by tmark938

Zürich Insurance hit by record £2.28 million fine

Zürich Insurance hit by record £2.28 million fine

Tuesday 24th August 2010

Zürich Insurance, one of the more popular insurance companies in the UK, has today been hit by a £2.28 million fine from the FSA after admitting losing confidential details relating to 46,000 UK customers. This is the largest fine handed it a ... Full Story>>

Posted Tue, 24/08/2010 - 06:39 by tmark938

UK insurance companies take a hit

UK insurance companies take a hit

Monday 23rd August 2010

Lloyd's of London has today confirmed that a number of natural disasters as well as the BP oil rig debacle in the Gulf of Mexico have resulted in significant losses for insurers around the world. UK insurance companies have taken their fair ... Full Story>>

Posted Wed, 18/08/2010 - 06:32 by tmark938

Mergers and acquisitions expected in the UK insurance sector

Mergers and acquisitions expected in the UK insurance sector

Tuesday 17th August 2010

Over the last few days the ongoing dispute between Aviva and the RSA has dominated the headlines and many people believe that the insurance industry is very much primed for a number of mergers and acquisitions in the short to medium term. ... Full Story>>

Posted Wed, 18/08/2010 - 06:31 by tmark938

Insurance fraud hits low-income consumers

Insurance fraud hits low-income consumers

Tuesday 17th August 2010

The Financial Services Authority (FSA) has recently issued a number of fines in relation to insurance fraud which has left many people underinsured or in some cases uninsured despite paying their premiums. However, despite the fact that many ... Full Story>>

Posted Mon, 16/08/2010 - 06:09 by tmark938

Should Aviva have mentioned the RSA approach?

Should Aviva have mentioned the RSA approach?

Sunday 15th August 2010

The management of Aviva is this weekend under immense pressure from leading shareholders over the non-disclosure of an approach by RSA and a potential £5 billion offer for the company's general insurance business. Many believe that this highly ... Full Story>>

Posted Sat, 14/08/2010 - 00:06 by tmark938

Aviva rejects approach from RSA

Aviva rejects approach from RSA

Friday 13th August 2010

It has today been revealed by Sky news that UK insurance companies Aviva and RSA have been in communication regarding a potential sale of the Aviva general insurance division. It is believed that RSA made an offer of around £5 billion for the ... Full Story>>

Posted Wed, 11/08/2010 - 06:50 by tmark938

FSA confirms 3 million payment protection insurance plans under review

FSA confirms 3 million payment protection insurance plans under review

Tuesday 10th August 2010

The Financial Services Authority (FSA) has today confirmed that around 3 million people may well be eligible for compensation payments which could top £2 billion over the alleged mis-selling of payment protection insurance (PPI). So far the ... Full Story>>