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.
Pick of the week
Post reporter Leigh Jackson outlines some of the major stories from this week's issue of Post Magazine.
Commercial aggregators: Moving targets
Aggregators have gradually exerted a stranglehold on personal lines insurance distribution that only the most powerful marketing budgets can now compete with. Ralph Savage investigates the potential for aggregators to shift their gaze towards commercial…
Fortis announces recruitment drive
Up to 550 new recruits following deals with Tesco Bank and Toyota
Defaqto: Aggregator choice confusing consumers
Report reveals that wealth of motor and home insurance choice creates “uncertainty”
Pick of the week
Comparison Consortium loses two key members; Legal and General to re-enter motor market; Aviva’s John Kitson will never return to financial services; Clampdown on IPT proves costly for some insurers; Apil withdraws from mediation of fixed costs