LV= welcomes increased free childcare
by Richard Kilner
Story link: LV= welcomes increased free childcare
LV=’s head of protection, Mark Jones, has welcomed the announcement in the Autumn Statement that the Government is to provide 40% of 2 year olds with 15 hours of free childcare a week. According to LV=’s Cost of a Child report the average cost of childcare is £67,430 per child, and adds particular strain to [...]
LV= appoints senior underwriter
by Gill Montia
Story link: LV= appoints senior underwriter
LV= Broker has hired Anne Francis as a senior underwriter at its Maidstone branch, which covers brokers across the South East and East Anglia. Ms Francis, who has over twenty years’ experience in commercial insurance, has been appointed to build the group’s commercial lines business with a number of key brokers in the region. Before [...]
Annual car vandalism bill heads for £1bn
by Gill Montia
Story link: Annual car vandalism bill heads for £1bn
Vandals have caused £953 million worth of damage to British cars in the past year, with one in five drivers affected, according to research from LV=. More than half of all drivers have been a victim of car vandalism at some point and a quarter have had their vehicle defaced twice, while one in 10 [...]
LV= launches investment-linked annuity
by Gill Montia
Story link: LV= launches investment-linked annuity
LV= has launched Pension Income Plus Annuity (PIPA), an investment-linked lifetime annuity that allows clients to have a relatively high level of initial income, alongside a minimum income guarantee. Customers can select an assumed investment return (AIR) of between 0-4% at the outset, which determines their starting income and, along with investment returns, how their [...]
Three percent of drink drivers still on the roads
by Richard Kilner
Story link: Three percent of drink drivers still on the roads
New research from LV= car insurance has found that hundreds of people convicted of drink driving are still on the roads. The insurer submitted a Freedom of Information request which revealed that there were 55,539 drink driving convictions in 2010, but 1,480 (around 3%) were not disqualified from driving and are still, legally, on the [...]
LV= Broker appoints Exeter branch manager
by Richard Kilner
Story link: LV= Broker appoints Exeter branch manager
LV= Broker has announced the appointment of Kevin Wildman as the new branch manager of its office in Exeter. Wildman brings extensive experience to his new position, having worked in the commercial insurance sector for more than three decades. Prior to his appointment he worked for Travelers as broker development manager, and earlier in his [...]
LV= seeks new employees in Brentwood
by Richard Kilner
Story link: LV= seeks new employees in Brentwood
LV= has announced that it is embarking upon a recruitment drive as part of the expansion of its operations in Brentwood. The LV= staff in Brentwood handle a broad range of general insurance business such as IT, underwriting, marketing and claims. Presently, more than 200 people are employed there, and the expanding insurer is seeking [...]
LV= wins £650,000 fraud case
by Gill Montia
Story link: LV= wins £650,000 fraud case
LV= has won contempt of court proceedings brought against an attempted personal injury fraudster and her family. All three family members involved in the case have been sentenced to serve between three and six months’ imprisonment. This is the first time, as result of County Court proceedings of this type, that immediate custodial sentences have [...]
LV= launches recruitment drive
by Richard Kilner
Story link: LV= launches recruitment drive
LV= has announced a recruitment drive, as the firm seeks to hire 150 new staff for its offices in Bournemouth. The firm presently employs 4,800 staff in more than 20 offices, and its head office is located in Bournemouth. LV= already employs more than 2,000 staff in Bournemouth and has enjoyed unprecedented growth of late, [...]
LV= embarks on staff retention drive
by Gill Montia
Story link: LV= embarks on staff retention drive
LV= is busy investing in staff engagement and talent retention, having appointed employee survey specialist, ETS, to create and manage a new survey tool. Having won the “Most Effective Recruitment and Retention” category at this year’s HR Excellence Awards, the mutual is looking to strengthen communication with its employees whilst boosting retention. The group’s HR [...]
Smartphones heighten pedestrian hazard
by Gill Montia
Story link: Smartphones heighten pedestrian hazard
Pedestrians are becoming more of a hazard for road users as they talk into mobile devices, email and text while stepping into busy traffic. According to research from LV= car insurance, one in 10 pedestrians are likely to be crossing the road while using a mobile gadget, although one-third of those doing so will agree [...]
LV= discovers motorists driving with 12 points
by Richard Kilner
Story link: LV= discovers motorists driving with 12 points
New research from LV= car insurance has revealed that thousands of drivers are still on the roads legally, despite having garnered 12 or more penalty points. As of 9 July 2011 10,000 drivers were on the roads despite having received enough penalty points to warrant a ban, according to a Freedom of Information request the [...]
LV= appoints chief risk officer
by Richard Kilner
Story link: LV= appoints chief risk officer
Mutual insurance, retirement and investment group LV= has announced the appointment of Steve Haynes to the position of chief risk officer. Haynes takes on his new role at a time of significant regulatory change, and will report directly to Group Chief Executive Officer Mike Rogers. He joined the firm three years ago, and brings more [...]
LV= launches life insurance ad campaign
by Richard Kilner
Story link: LV= launches life insurance ad campaign
LV= has announced the launch of a new multi-channel life insurance advertising campaign, featuring adverts in the form of television, door drops and posters. The campaign, which will run throughout September, aims to enhance the public profile of LV= as a life insurance provider. The 10 second TV advert will be aired jointly in ad [...]
6% of British drivers would swap penalty points
by Richard Kilner
Story link: 6% of British drivers would swap penalty points
New research from LV= car insurance has found that 6% of British drivers would take penalty points for someone else. Many UK licence holders (3,823,544) already have points, with 82% of points being handed out for speeding. Speeding warrants between three and 12 points, and should 12 be accumulated by a driver then they are [...]
LV= scores 93% on CI and IP claims
by Gill Montia
Story link: LV= scores 93% on CI and IP claims
LV= paid out 93% of critical illness (CI) and income protection (IP) claims in the 12 months to June, with total payouts of almost £9 million and £12 million respectively. One per cent of IP claims and 3% of CI claims were rejected as a result of non-disclosure. The mutual puts the average age of [...]
LV= appoints managing director protection
by Gill Montia
Story link: LV= appoints managing director protection
LV= has appointed Iain Clark as managing director of protection. With 24 years’ experience in the protection market, Mr Clark joins from Legal & General where he was IFA protection business sales director. In his new role, he will be responsible for LV=’s entire protection proposition, working alongside Mark Jones, head of protection product. Yesterday, [...]
LV= reports improving H1 results
by Richard Kilner
Story link: LV= reports improving H1 results
LV= has reported its interim financial performance results for the first six months of the year, during which gross written premiums increased from £547m last year to £704m in H1 2011. Biannual pre-tax profits were up by approximately 50% from £34m to £52m. Similarly, trading profits increased from £35m to £53m, and the insurer continues [...]
LV= first-half life sales up 9%
by Gill Montia
Story link: LV= first-half life sales up 9%
LV=’s life sales increased 9% during the six months to the end of June, to £69.3 million. The mutual reported an 11% increase in retirement business, with annuity sales rising 14% and pension sales up 10%, while protection sales leapt 16%. The firm’s life managing director, Richard Rowney, says: “LV=’s life business has had a [...]
LV= scoops contact centre award
by Gill Montia
Story link: LV= scoops contact centre award
LV= has won the “UK Customer Experience” award in the Professional Planning Forum’s new large contact centre category. The Forum promotes best practice and professionalism in contact centre planning and the mutual insurer’s centres in Bournemouth, Croydon and Bristol were judged against five performance areas: customer strategy, business results, staff engagement, originality and innovation, and [...]
