Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 29th of April 2017
January 25, 2011

Aviva private motor sales soar in Swinton tie-up

by Gill Montia

Story link: Aviva private motor sales soar in Swinton tie-up

Aviva has reported that the successful roll-out of its personal lines pricing to Swinton’s 570 branches and three call centres has more than doubled sales of its private motor offering, year-on-year. The integration of the firms’ systems has allowed Swinton brokers to offer Aviva’s private motor product at a price that is more in line […]



February 21, 2010

Swinton acquires CBG Group personal lines business

by Gill Montia

Story link: Swinton acquires CBG Group personal lines business

CBG Group has announced that it has sold certain parts of its personal lines business to Swinton. The unit currently generates annual revenue of £370,000 and is break even at the operating level. The Manchester-based broker and financial services specialist says the move is in line with its strategy of focusing on its corporate insurance […]



October 29, 2009

Swinton fined £770,000 for PPI mis-selling racket

by Gill Montia

Story link: Swinton fined £770,000 for PPI mis-selling racket

The Financial Services Authority (FSA) has fined Swinton Group £770,000 for serious failings in the sale of single premium payment protection insurance (PPI). The high street broker will also be contacting over 350,000 customers who paid for the cover and offer a full refund. The regulator found that between December 2006 and March 2008 the […]



August 12, 2009

Swinton Insurance selects Certero to improve IT visibility

by Richard Kilner

Story link: Swinton Insurance selects Certero to improve IT visibility

Leading high street insurance retailer Swinton Insurance has selected IT asset management specialist Certero to provide it with complete visibility of its IT assets. Spending on hardware and software will be reduced and a complete awareness of issues pertaining to licensing and compliance will be delivered by Certero’s AssetStudio™ and Software Metering for Decision Makers. […]



July 7, 2009

BIBA appoints new chairman

by Gill Montia

Story link: BIBA appoints new chairman

The British Insurance Brokers’ Association (BIBA) has announced that Patrick Smith is to become its new chairman. Mr Smith, who is also chairman of Swinton, will be confirmed as chairman elect at BIBA’s annual general meeting later this month and will take up the role in September, replacing Derek Thornton. In addition to 38 years’ […]



April 20, 2009

Swinton to create 250 jobs in Norwich

by Gill Montia

Story link: Swinton to create 250 jobs in Norwich

Swinton is expanding its Norwich-based call centre, where it expects to create 250 jobs by the end of 2009. The new posts will cover a variety of roles from outbound and internet sales advisors to team managers. The move will bring the total headcount at the Norwich office to around 400 with both full and […]



March 24, 2009

Swinton appoints new CEO as profits increase

by Gill Montia

Story link: Swinton appoints new CEO as profits increase

Swinton has reported a 4% rise in profit during 2008, to £50.1 million. The result compares with profit of £48.3 million in 2007 and marks the broker’s eighth consecutive year of growth. Premium income rose 15% to £763.9 million, while earnings before interest, tax, depreciation and amortisation increased by 5%, to £75.5 million. The company […]



January 7, 2009

Sharp rise in car premiums forecast

by Gill Montia

Story link: Sharp rise in car premiums forecast

A leading broker has warned that car insurance premiums could rise by a record 20% during 2009. Swinton Group’s chief executive, Patrick Smith, believes that premiums are seriously adrift and 20% lower than they should be. He is expecting a significant correction this year, which could see the cost of the average motor policy rise […]



December 19, 2008

Insurance Australia sells UK branch network to Swinton

by Gill Montia

Story link: Insurance Australia sells UK branch network to Swinton

Insurance Australia Group (IAG) has agreed to sell certain UK businesses for a total of £73.5 million. Swinton is acquiring the group’s branch network, which comprises 91 High Street outlets across England and Northern Ireland, for £50 million. The outlets are branded Equity Insurance and Open+Direct. IAG’s Hastings and Advantage businesses are subject to management […]



December 9, 2008

Swinton eyes up Equity branch network

by David Masters

Story link: Swinton eyes up Equity branch network

Equity Insurance, put up for sale by the Insurance Australia Group (IAG), may have its branch network acquired by a British company. Swinton, the UK’s biggest high street insurance broker, is one of the leading bidders in the contest to buy Equity’s branches, according to a report in the Financial Times. Swinton’s chief executive, Patrick […]



April 2, 2008

Swinton expands commercial division with Lawrences acquisition

by Gill Montia

Story link: Swinton expands commercial division with Lawrences acquisition

Swinton Group has acquired independent brokerage, Lawrences, via its Swinton Business division. The move forms part of an ambitious programme to expand Swinton’s commercial business, which aims to exceed premium income of £150 million by 2011. Lawrences, which has been trading for over 50 years, is based in Sevenoaks, Kent and has gross premium income […]



November 20, 2007

Swinton Sets Aside £100 million for Acquisitions

by Stewart Douglas

Story link: Swinton Sets Aside £100 million for Acquisitions

Insurer Swinton has today announced it is to ringfence some £100 million in order to fund direct acquisitions from within its dedicated takeover team within the coming twelve months, as part of its ongoing ambition to extend the range of its broker reach. The leading insurance broker said that they would separate the funds for […]



October 15, 2007

Cheaper premiums for drivers with Pass Plus

by Richard Kilner

Story link: Cheaper premiums for drivers with Pass Plus

Swinton has announced this week that it will slash 35% from their annual insurance premium for those who have recently passed their test if they do the six hours extra training necessary to acquire a Pass Plus certificate. Other insurers who offer discounts to drivers with Pass Plus include AA, BSM, Co-op, Direct Line, Privilege, […]



July 19, 2007

Swinton acquires Rockford

by Gill Montia

Story link: Swinton acquires Rockford

Swinton Group has acquired Rockford Insurance Brokers, the commercial insurance broker. The move will enhance the group’s existing commercial division, Swinton Business. Rockford, which has three offices in the north of England, was founded in 2001 and employs over 50 staff. The firm has a premium income of £15 million and the acquisition is in […]