Swinton
Swinton profits to remain flat until 2015: Bardet
Swinton chief executive Christrophe Bardet said the broker may not post improved figures until 2015 after a steep drop in profits and turnover for 2012.
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.
Ethics: Do the right thing
The insurance industry may need a root and branch overhaul of its approach to ethics. But with claims that companies don’t actually understand the issue, the road to restoring trust is set to be rocky.
SSP looks to Swinton for e-trading director
Technology provider SSP has swooped to recruit Swinton’s head of information systems to head up e-trading.
FCA denies review was sparked by broker’s remuneration issues
The Financial Conduct Authority has distanced itself from claims its thematic review into brokers’ conflicts of interest was triggered by an investigation into a broker that revealed issues with its remuneration practices.
Interview: Biba's Steve White: Bold beginnings
From ‘shouting’ at the regulator to outlining a new segmentation strategy, new Biba chief executive Steve White has already ruffled more than a few feathers in his first 100 days in the hot seat. He tells Post he’s started as he means to go on...
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
Brokers should review their processes following Swinton fine, says UKGI
UK General's compliance arm UKGI has called for brokers to review their process and internal policies in the light of Swinton’s £7.4m fine by the Financial Conduct Authority.
FCA fines Swinton £7.4m for mis-selling add-ons
The Financial Conduct Authority has fined Swinton almost £7.4m for the mis-selling of add-ons.
Swinton apologises over complicated add-ons
Swinton has apologised for selling add-on products that customers might have struggle to understand and is offering them a refund.
Swinton launches £60m business plan revamp after FCA intervention
Swinton is investing £60m in modernising its multi-channel operation after falling foul of a regulatory inquiry into some of its sales practices.
IFB working on new model to attract brokers put off by membership cost
Move coincides with demand for greater broker representation on fraud register
My Best XI: Alastair Denness, Swinton Commercial
Alastair Denness, national business development manager at Swinton Commercial, selects his best XI for an insurance industry start-up. Denness opts for a robust line-up including a trio of Zurich high flyers alongside big-game experience from elsewhere…
Brokers selling add-ons contacted by FCA as regulator begins crackdown
Signs the Financial Conduct Authority’s scrutiny of insurance add-ons is underway have been witnessed by brokers that have already been contacted by the regulator.
Swinton Commercial eyes growth with the creation of new role
Swinton Commercial has appointed Alastair Denness to the newly created role of national business development manager. The firm said this role is part of the company’s future growth strategy.
Swinton and SSP sign five year IT solutions deal
Swinton has renewed a deal with SSP that will see the technology firm provide IT solutions across the business for five years.
Expertise-in-Action: Claims fraud - Contagion
Despite the insurance industry's valiant efforts, fraud is spreading through the market place like a virus. What can be done to stop the rot?
Swinton opens Chelmsford branch
Swinton Group has opened a new commercial branch in Chelmsford, Essex.
Banks’ PPI problem sees insurance complaints on the rise once again
Consumer complaints about payment protection insurance are continuing to rise, with the total number of complaints in the second half of 2012 increasing by 5%, compared with the previous six months, to 2.17 million.
Swinton confirms Patrick Smith’s retirement
Swinton has confirmed Patrick Smith has retired and will no longer serve the company, Post’s sister publication Insurance Age has revealed.
Expert Analysis: Making changes
Price comparison sites are making changes to the way they operate, embracing telematics and moving into new product lines.
Consumer Insurance Act: Under the radar?
The Consumer Insurance (Disclosure and Representations) Act 2012 will upend more than a century of the customer’s duty to disclose information to their insurer. Is the market prepared for this substantial change?
Insurers seek investigation into comparison site clauses
Motor insurers have pleaded with the Competition Commission to perform a U-turn and investigate the use of ‘most favoured nation' and ‘best price' clauses by aggregators – an omission that has been labelled "beyond belief" by one player.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.