Lloyds TSB has awarded the contract to build a new customer acquisition strategy for its insurance-only comparison website to Golley Slater, the Cardiff-based marketing solutions group. The firm will be developing and implementing the communications and media strategy for insurance.co.uk, which specialises in car, van, motorbike and travel cover. Golley Slater’s managing director, Sion Ashley [...]
Lloyds TSB Insurance has launched a new buildings and contents policy aimed at the customers aged 50+ who is keen to select the exact cover they need, without paying for unwanted extras. The Personal Home Plan has been launched on the back of new research that shows 40% of homeowners in this age group would [...]
Allianz’s auction of its German banking division is reported to be attracting a bid from Lloyds TSB. In March of this year, Munich-based Allianz restructured its Dresdner Bank subsidiary, which includes investment division Dresdner Kleinwort, in preparation for a sale. Allianz acquired Dresdner Bank in 2001 and while the latter’s private and corporate business has [...]
Lloyds TSB Insurance saw profits fall by nearly 50% for last year in the wake of January’s storms and the summer floods. The division achieved pre-tax profits for 2007 of £128 million, compared to £243 million in 2006. The January storms cost the business £12 million, whilst the summer floods in June and July cost [...]
Major insurance companies such as RBS, Lloyds, and Prudential, are all downsizing their internet affiliate programs, and either restricting access to them, or else moving to smaller exclusive agreements with different affiliate networks. Most affected by this is Tradedoubler, one of the UK’s largest affiliate networks, which has lost most of its insurance affiliate programs, [...]
EPG Insurance Services Limited has been conferred by Lloyd’s with the official status of broker. The firm is looking to grow its operations throughout both the UK and Europe and is anticipating the demand for its specialist auto and machinery insurance to soar in 2008 when extensive programmes of home and commercial building begin, enabling [...]
Lloyd’s insurer Advent Capital has today unveiled a 50% rise in profit figures for the third quarter of the year, reflecting a significant rise in revenues with more efficient operative cost centres for the period. The firm announced today an increase in profits from £8.2 million over the third quarter last year to £12.9 million [...]
Samaritans, Coram and FARM-Africa have been named by Lloyd’s as its partner charities from 2007 to 2010, with each charity receiving £150,000 over that time period from Lloyd’s Charities Trust (LCT). The Samaritans project “Skills for Life”, which supports young people dealing with emotional and/or mental health issues, will be one beneficiary of the LCT’s [...]
The valuable Russian insurance market was today forecast to grow to over $40 billion by the end of the decade according to a report published today by Lloyd’s, which will see it maintain growth at a rate of 16% on each year. According to the report released by Lloyd’s the size of the Russian reinsurance [...]
Lloyd’s has today publicly announced the launch of its graduate employment programme which will take in a starting crop of 10 university graduates as of September next years as it looks to bring in fresh young faces to insurance sectors. The announcement comes as part of Lloyd’s commitment to reinvesting in the insurance market through [...]
A new graduate recruitment drive has been launched by Lloyd’s to reinvigorate the insurance sector with fresh ideas and initiative. The programme, lasting a year and a half, begins in September 2008 with an initial group 10 graduates to be rotated through Lloyd’s. Richard Ward, the firm’s chief executive, has said that the drive’s purpose [...]
Lloyd’s has today announced healthy interim profit figures gross of tax, topping £1.8 billion for the first half of the year 2007 to the end of June, largely as a result of favourable market conditions. The figures released today far surpass the earnings of the same period last year, which saw it realise interim profit [...]
Lloyd’s has expanded its Chinese business with the addition of S A Meacock & Co, the managing agent. The reinsurance operation, which was set up by Lloyd’s in April of this year, now has 11 members, with S A Meacock the latest agent to join the platform. So far, the business has attracted many significant [...]
Norwich Union (NU) will be increasing its domestic property insurance premiums by an average of 10%, from mid-August. The company, which forms part of the Aviva group, is the UK’s largest household insurer, covering around one in five dwellings in the UK. NU says that the increase is not linked to the recent floods and [...]
Abbey Life, the closed life insurance company, is being sold by Lloyds TSB for an estimated £1 billion. There are reports of strong interest in the business from three contenders: Resolution, the life market consolidator, Swiss Re, the Swiss-based reinsurer, and Pearl Group. All three are believed to have submitted indicative offers to Lehman and [...]
Due to the intervention of thousands of people signing a petition and of Sir Richard Branson, the last functioning B-17 bomber in Europe will be able to participate in a fly-over during the commemoration of the 60th anniversary of the end of World War II. Lloyd’s of London offered three-months insurance coverage to the plane, [...]
