Legal & General comments on ONS figures
by Richard Kilner
Story link: Legal & General comments on ONS figures
The large jump in uemployment in a single month is concerning, John Pollock, Group Board Director for Legal & General’s Risk businesses, said in response to the latest ONS figures on unemployment. Pollock referred to the latest Legal & General MoneyMood survey, which found that 12m Britons were struggling to make ends meet. According to [...]
Elite targets new markets with enhanced offering
by Gill Montia
Story link: Elite targets new markets with enhanced offering
Elite Insurance has launched a number of products that will support its expansion into new markets. The legal expenses and financial insurance provider is offering a decennial insurance policy in the French market; as the name suggests, the construction liability cover runs for ten years. In addition, the firm is offering accident and sickness & [...]
Higos launches PPI for tenants
by Gill Montia
Story link: Higos launches PPI for tenants
Somerset-based Higos Insurance Services has launched a payment protection plan aimed at tenants. The new policy covers rental payments in the event of unemployment or sickness and is available to private and social tenants, plus those still living at home and paying rent to parents. Cover can be extended to embrace a range of monthly [...]
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 [...]
Lloyds TSB announces redundancy buffer on home insurance
by David Masters
Story link: Lloyds TSB announces redundancy buffer on home insurance
Lloyds TSB has announced that if any of its new home insurance customers are made redundant they will not have to pay premiums for up to six months. The waiver applies to any customer who purchases a Home Solutions policy in branch between 6 April and 6 June, and who is made compulsorily redundant between [...]
Helphire to cut 130 UK jobs
by David Masters
Story link: Helphire to cut 130 UK jobs
Accident management firm Helphire Group plc has announced plans to cut 130 jobs due to ‘challenging market conditions’. The news follows the publication of a cost-cutting strategy by the company in December which announced plans to reduce operating costs by £5 million. The Bath-based company employs over 3,000 people in its national network of 31 [...]
NU withdraws Paymentshield unemployment insurance
by Gill Montia
Story link: NU withdraws Paymentshield unemployment insurance
Norwich Union (NU) has withdrawn its unemployment-only cover, provided through its partnership with Paymentshield, which claims to be the UK’s largest independent supplier of mortgage related insurance products to the intermediary sector. The withdrawal has been made with immediate effect and analysts expect other insurers to follow suit, given that both the Prime Minister and [...]
