Aviva renews Barclays’ home insurance contract
by Gill Montia
Story link: Aviva renews Barclays’ home insurance contract
Aviva and Barclays have announced a contract renewal that means the insurer will continue to be the sole provider of home insurance to Barclays UK retail customers, until 2015.
The original deal was struck in 2005, since when the number of home insurance policies sold by the bank has increased by 40%.
According to the parties, [...]
Nearly half of Britons go without protection insurance
by Gill Montia
Story link: Nearly half of Britons go without protection insurance
Barclays has been researching the UK protection insurance market and has concluded that nearly one-half of British adults have no policies in place to cover events such as illness and redundancy.
According to the survey 47% of UK adults have no protection insurance, while 52% are without life insurance.
Seventy-five per cent of those questioned said [...]
Swiss Re acquires Barclays Life
by Gill Montia
Story link: Swiss Re acquires Barclays Life
Swiss Re, the world’s largest reinsurer, has agreed to buy Barclays Life, for £753 million.
The unit, which is being sold by Barclays bank, closed to new business in 2001 and generated premium income of £350 million in 2007.
The business holds around £6.8 billion in invested assets, covering 760,000 life insurance and pension policies and annuity [...]
Swiss Re tempted by Barclays Life Assurance
by Gill Montia
Story link: Swiss Re tempted by Barclays Life Assurance
Swiss Re is reported to be showing an interest in the life assurance division of Barclays.
Barclays Life Assurance was created from the merger of Woolwich Life and Barclays Life in 2003.
It is closed to new business but has over one million policy holders and in excess of £7 billion under management. The division currently pays [...]
