Daily Insurance Industry News
 
 
Daily Insurance Industry News
Friday 19th of March 2010
January 27, 2010

Fortis announces employment drive in Eastleigh

by Richard Kilner

Story link: Fortis announces employment drive in Eastleigh

Fortis has launched its recruitment drive for 100 new employees to fill vacancies at its offices in Chandlers Ford, Eastleigh.
The jobs come in a diverse range of areas, including finance, compliance, administrative support, claims negotiators and team leaders/supervisors.
The recruitment drive follows a substantial deal with Tesco Bank which sees Fortis providing motor and home insurance [...]



January 26, 2010

Fortis issues frozen pipes advice

by David Masters

Story link: Fortis issues frozen pipes advice

Fortis has launched an advice pack for homeowners outlining the steps they should take to stop water damage during cold weather.
Householders should use the acronym ‘THAW’ to remember the parts of the home that need to be checked in cold weather – Taps, Heating, Attics, and Water, Fortis said.
Fortis advises keeping heating on constantly at [...]



January 19, 2010

Fortis Insurance embarks upon recruitment drive

by Richard Kilner

Story link: Fortis Insurance embarks upon recruitment drive

With 2010 well underway Fortis Insurance has announced it is starting a new recruitment drive, with a view to getting the new recruits in place by the summer.
Last October the firm stated its intention to embark upon a campaign to recruit 550 new employees in the Gloucester, Eastleigh and Stoke regions following recent business successes.
A [...]



November 26, 2009

Fortis achieves Gold Standard

by Richard Kilner

Story link: Fortis achieves Gold Standard

Fortis has been awarded the Incisive Media Gold Standard Award for Insurance for the second year running.
Last year the firm became the first insurer to achieve the standard, and was presented with this year’s award by Lord Hunt of Wirral in the House of Commons.
Earlier this year Fortis was the highest ranked financial services firm [...]



October 8, 2009

Fortis tops financial services satisfaction index

by Richard Kilner

Story link: Fortis tops financial services satisfaction index

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 doing [...]



September 21, 2009

BNP and Fortis acquire Italian insurer

by David Masters

Story link: BNP and Fortis acquire Italian insurer

France-based BNP Paribas and Belgium-based Fortis have agreed terms to take a majority stake in the non-life insurance business of Italy’s UBI Banca.
Fortis and BNP will pay €120 million in cash for a 50% plus one share stake in UBI Assicurazioni, which provides property and casualty insurance in Italy.
A further payment of €40 million could [...]



September 18, 2009

Fortis celebrates shortlisted apprentice scheme

by Richard Kilner

Story link: Fortis celebrates shortlisted apprentice scheme

Fortis Insurance is celebrating the success of its first ever apprentice programme that has seen twenty-one graduates finish the City & Guilds Level 2 programme.
The scheme has been shortlisted by the Insurance Times Awards in the training Programme of the Year category, with the ceremony itself to be held in December.
Claims Director Rob Smale presented [...]



September 11, 2009

Tesco and Fortis complete partnership

by Richard Kilner

Story link: Tesco and Fortis complete partnership

Tesco Personal Finance Plc (TPF) and Fortis (UK) Ltd have formalised their partnership to provide motor and home insurance.
The deal was first announced in June, with Fortis replacing RBS-owned UKI Partnerships, the former partner of Tesco.
Under the agreement Fortis will provide underwriting expertise and claims management with Tesco handling retail pricing, sales and marketing, customer [...]



August 28, 2009

Fortis UK splits from Fortis Group

by David Masters

Story link: Fortis UK splits from Fortis Group

Fortis UK profit fell 27% in the first half of 2009 to £31.7 million despite a 7% rise in non-life premium income.
The firm blamed the drop on cold weather in the first quarter which caused a flurry of household insurance claims, coupled with increased personal injury motor claims and lower investment income.
Barry Smith, CEO, said [...]



August 21, 2009

Fortis secures £20m Toyota contract

by David Masters

Story link: Fortis secures £20m Toyota contract

Fortis Insurance UK has won a £20 million contract to provide car insurance to Toyota customers.
Fortis said the deal, agreed with Toyota’s UK insurance partner Aioi, will help it build on its position as the UK’s third largest motor insurer.
Aioi Motor and General will continue to underwrite claims, while Fortis will take charge of sales, [...]



June 30, 2009

Summer heatwave will escalate subsidence risk

by David Masters

Story link: Summer heatwave will escalate subsidence risk

As this summer’s heatwave sweeps across the UK, homeowners have been warned to check that their buildings insurance covers them against subsidence.
Over-50s insurer RIAS said soaring temperatures expected this summer could cause subsidence across a number of areas in the UK, especially in clay soil areas.
At risk towns and cities include Chelmsford, Colchester, London, Milton [...]