Motoring costs have increased over the course of the last 12 months according to 69% of motorists surveyed in research commissioned by swiftcover.com. The majority of drivers, 64%, blame the rise on higher taxation levels on fuel and cars. In response swiftcover.com has formed an alliance with Total UK to save drivers £30 from the [...]
Young Marmalade, the car insurance firm that caters specifically to young drivers, has received an endorsement from Richard Hammond, Top Gear’s resident Hamster. In September Young Marmalade launched Provisional Marmalade into the UK marketplace. Managing Director Crispin Moger has compared Provisional Marmalade to iTunes and Amazon in terms of user-friendliness. To use it, details are [...]
Mark Tanzer, chief executive of ABTA, has announced plans to help prevent travellers being exposed to the possible financial collapse of their travel itinerary suppliers. Comprehensive specifics of the plan have not yet been made public though it is speculated to augment the ATOL levy on package holidays. ATOL (Air Tour Operators Licence) is run [...]
The economic climate is promoting spending online, with 63% of adult Britons who conducted an insurance transaction online last year saying they have increased their online spending habits due to ease of comparison and prices. The 2009 Survey of Online Consumer Behaviour, conducted by Harris Interactive®, commissioned by Tealeaf®, also finds that insurers are not [...]
People aged 17-21 are being killed in car accidents due to peer pressure, inadequate training and not wearing seatbelts, according to research commissioned by Aviva. The research reveals that one in three young drivers alter the way they drive when there is more than one friend in the car, with one in five paying less [...]
Giles Insurance Brokers has announced that George Prescott has joined the group’s board as non-executive chairman. Until 1997, when he retired, Prescott served as deputy chief executive of Ecclesiastical Insurance Group, and is also a chartered accountant. He sits on the boards of JP Morgan Cazenove Pension Trustee Ltd and Mapfre-Re, the latter of which [...]
Somerset-based Higos Insurance Services has taken on a further half dozen trainees this month, meaning that its staff numbers now exceed 200. In this year 30 new team members have been appointed, and the latest trainees bring the total headcount up to 202. Higos’ continued growth and expanding number of employees will provide some welcome [...]
Aviva is offering landlords who let their properties to students instant insurance, via the firm’s broker. In recent years the student population of the UK has steadily increased, with four out of five (2 million) staying away from home. Of those, two out of three stay in private homes, helping to drive demand for rented [...]
Stephen Tearle has been named by Capita Insurance Distribution as the firm’s new compliance director. Prior to taking up the post he spent five years with Legal & General, most recently as director of risk. In his new post Tearle will be tasked with supervision of compliance procedures throughout the firm to ensure that they [...]
Axco Insurance Information Services and Fiscal Reps Limited have teamed up to tackle the challenge of international tax compliance with a comprehensive solution. Collaborating together, the two firms will offer their customers a range of products and services that combine Axco’s global insurance expertise with Fiscal’s in-depth knowledge of insurance tax compliance. Axco’s technical director, [...]
AEGON has admitted to a computer error that has led to 7,000 of its income drawdown customers unknowingly receiving overpayments. No reimbursements will be demanded from savers, but those affected will see their income reduced. The pensions, protection and investment firm says its system failed to accurately record whether pension savers took a 25% tax-free [...]
Groupama enjoyed a successful night at the 2009 Cover Excellence Awards at the Emirates Stadium, home of Arsenal. Groupama Healthcare beat off the competition to win the 2009 Cover Excellence Award for Best Group PMI Provider. Managing Director Laurent Matras has expressed the firm’s delight at managing to beat strong competition from the likes of [...]
Shene Insurance, the personal lines broker, has announced it has outsourced claims to Bankstone. Bankstone will cater to Shene Insurance’s motor, household and business needs, and provide a comprehensive external claims handling service. Philip Alexander, MD of Shene Insurance, has stated that the firm’s top priority was providing the best possible offering to its customers [...]
Aviva has announced that it intends to list on the New York Stock Exchange (NYSE) and will commence trading on 20th October 2009. No new Aviva ordinary shares will be issued in connection with the listing and the group will retain its current primary listing on the London Stock Exchange. The UK’s biggest, and world’s [...]
Fortis Insurance has recently come top of the financial services firms within the UK Customer Satisfaction Index (UKCSI), conducted by the Institute of Customer Service (ICS). Fortis has long been a partner of Age Concern, and customers of Age Concern Travel responded to the survey which asked questions on professionalism, quality and efficiency, ease of [...]
Personal lines insurance intermediary BGL Group has announced good news for the jobs market with up to 50 hires to be made at the firm’s headquarters in Peterborough. Just under 40 of the posts are new positions created due to the firm’s ongoing expansion and are within a broad range of areas including e-commerce, account [...]
Montpelier Re Holdings Ltd. has stated that Anthony Taylor is to retain the post of chairman of the Board of Directors in a non-executive capacity with effect from 1 January. Taylor joined the firm eight years ago when it was created, working as president, CEO and chief underwriting officer. Previously he had worked in the [...]
AXA Insurance, in association with the British Chambers of Commerce (BCC), has commissioned research which reveals that over 500,000 people are uninsured in their place of work. In addition, only 34% of businesses are aware of the legal necessity to cover their employees with employers’ liability insurance. From this sub-optimal starting point many businesses are [...]
