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Protection

Adviser / Broking

Biba and IIB reach merger agreement

The leaders of the British Brokers' Association and the Institute of Insurance Brokers have this morning announced a "momentous" merger agreement in a bid to produce a combined stance on future regulatory changes.

clock 01 November 2011 •

Regulation

FSA and OFT publish landmark guidance on designing PPI

The FSA and the OFT are consulting on guidance to firms in relation to payment protection products - the first time the FSA has become involved in the design of a specific product.

clock 01 November 2011 •

Insurer

Non-mortgage sales lifts L&G protection business

Legal & General has credited diversification into non mortgage related business for strong individual protection results that boosted its third quarter performance.

clock 01 November 2011 •

Adviser / Broking

Aviva launches investigation into 'cross-selling' error

Aviva has apologised for "cross-selling" discounted private medical insurance (PMI) to advisers' clients, in what the insurer has said was a mistake.

clock 01 November 2011 •

Cashplans

Paycare launches cash plan with complimentary cover

Paycare has launched a new healthcare benefit cash plan for employers to offer their staff.

clock 01 November 2011 •

Service

Insurance firm director banned for allowing £1.4m fraud

An insurance director banned and fined by the the Financial Services Authority (FSA) for allowing a £1.43m fraud which ended up bankrupting his company has had his appeal refused at the Upper Tribunal.

clock 01 November 2011 •

Investment

L&G protection boost hides flat group sales

Legal & General (L&G) reported strong sales in protection and savings investments in the third quarter, but slowing new business in individual annuities and insured savings meant group sales dipped 1%.

clock 01 November 2011 •

Service

Top five spookiest insurance products

Halloween is not the only night of the year people fear the supernatural, as our compilation of the morbid and bizarre but genuine insurance products show.

clock 31 October 2011 •

PMI

NHS commissioning chief is private patient

It appears the Chair of the NHS Commissioning Board pays for private care after he admitted to not using the NHS.

clock 31 October 2011 •

Insurer

RBS offered £4bn for insurance division

Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.

clock 31 October 2011 •
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