View more on these topics

Winterthur to administer Pru&#39s general insurance

The Prudential is set to announce a deal which will see its general insurance division administered by Winterthur.

The deal, which is could be announced as early as today, will see the Prudential receive up to £450m in cash.

A National paper reported today that Winterthur beat off rival bids from Direct Line, Royal & SunAlliance and CGNU.

It will assume responsibility for administering the division, including taking on the staff.


Inter-Alliance in deal with online general provider, a website selling motor, home and travel insurance products, and national IFA Inter-Alliance have reached a deal to provide each others services on-line.The reciprocal agreement means will provide access to Inter-Alliance products, including Isas, to its visitors and the IFA will give clients access to insurance products on its web site at […]

NU adds its strength to help lift the cap

Norwich Union is hoping to use its financial muscle and market share to lobby the Government to review the 1 per cent cap on stakeholder.NU took £42m of individual stakeholder business on an equivalent premium income basis for the nine months to September 30, out of £168m overall individual business. Group stakeholder sales totalled £21m […]

EU may force FSA regulation of all insurance advice

The FSA could be forced to regulate advice on all insurance products if the Government fails to negotiate a UK exemption from a directive currently before the European parliament.The Insurance Intermediaries Directive says all intermediaries must be statutorially regulated, including those who sell private medical insurance, critical-illness cover, income protection and general insurance, which are […]

Bad image is good for business

W hile other sectors are struggling, current conditions are suiting the Tep market just fine. Times of low interest rates and low equity returns traditionally favour the trading of endowment policies and the market has got further impetus from poor public perception of endowments and regulatory change on the open market option. The Tep market […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment