Tesco Bank
RSA CEO 'lonely' on rates
RSA's UK chief executive has admitted he is feeling "lonely" when it comes to commercial rate rises.
Sabre to join Provident on Tesco panel
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
VRS snatches Tesco property contract from GAB Robins
VRS Adjusters is poised to replace rival GAB Robins as the sole loss adjuster for Tesco's global property portfolio.
Website Review: Confused
In the second of a new series for Post, web performance monitoring specialist Gomez runs the rule over Confused's website to see how it performs in a number of key areas and stands up against some of its rivals.
Affinity news: Risk sharing not on the agenda
Post’s Affinity 2010 event was held in London last week, brining together key players in the sector – from insurers, brokers, affinity brands and other suppliers – to learn about and debate the latest developments.
A kwik fix for Fortis?
Fortis’ onward march continued last week with the not-so-unexpected news that it had acquired the Kwik Fit insurance business.
Kwik Fit fan Smith hails the potential of £215m broker deal
Fortis UK has secured access to the Kwik Fit group's database of motor repair customers as well as the brand for a minimum of 10 years as part of its £215m acquisition of its insurance intermediary arm.
Online search volumes for travel insurance rise
This is according to the latest research from Greenlight, which shows that search volumes for travel-related insurance since January have increased from 896 000 to 932 000.
Kwik Fit bidders close in on deal
The private equity parent of Kwik Fit Insurance is within reach of a deal to sell the motor specialist to a trade buyer, Post understands.
Williams leaves Tesco Compare
Debra Williams has stepped down from her role as chief executive of Tesco Compare, Post has revealed.
Post in print – 17 June 2010
News editor Mairi MacDonald outlines the major news stories from this week’s issue of Post, including: the possibility that the government may look to buy more insurance in a strategic move to cut costs; Tesco price comparison coming under scrutiny…
Williams leaves Tesco Compare
Tesco's commitment to making serious headway in the price comparison site market has come under scrutiny, following the departure of its chief executive.
RSA "ahead of curve" with cuts
RSA UK chief executive Adrian Brown has said the insurer's swingeing job cuts last year meant it was "ahead of the curve" in responding to the tough economic conditions.
RSA wins Tesco pet insurance deal
Tesco Bank has partnered with RSA to provide underwriting and claims management for Tesco pet insurance in the UK.
Kwik Fit's Meechan joins Tesco
Kwik Fit Financial Services insurance development director Gerry Meechan is set to join Tesco as part of its new general insurance structure, Post has learnt.
Fortis affinity boss Carter to lead Tesco Underwriting
Fortis and Tesco Bank have unveiled the structure of their general insurance partnership.
Regional Review - Glasgow: Local strength
With significant activity already in 2010 and the emergence of a new financial district, the Glasgow insurance market looks set for further growth. Mairi MacDonald assesses the financial landscape in Scotland's largest city.
Fortis rebrands insurance arm as pre-tax profits fall
Fortis is to rename its insurance operation as Ageas following the break up of its parent company and the sale of its sister banking arm and brand to BNP Paribas 18 months ago.
Tesco signs software deal with Cheshire Datasystems
Tesco Bank has agreed a five-year deal for the provision of its customer service centre and website software with Cheshire Datasystems.
Editor's comment: How many have Ageas concern out there?
Rebrands are always difficult at the best of times, but in insurance they seem to hold extra resonance.
Allianz boss ready for Tesco-sized affinity deal after VW tie up
Jon Dye told Post: "Could we do a deal of that size, yes, why not. This is Allianz, it is an enormous business."
Allianz boss: Tesco-sized affinity deal possible
The general manager of Allianz Retail has hailed its latest affinity win with Volkswagen Insurance Service as a "milestone" for its fledgling corporate partners business, and a sign that it could do a deal of the size of Tesco Bank.
Fortis UK profit down £47m
Fortis reports non-life profit before tax and interest of £29m, down from £76m in 2008, with CEO Barry Smith attributing reduced profit to “challenging market conditions.”
Provident is front runner for Tesco motor panel
Tesco Bank is poised to sign deals with several insurers, including up-for-sale Provident, to handle "non-standard risks" as part of a panel arrangement, Post has learnt.