UK Insurance News

Royal Bank Of Scotland has withdrawn its insurance business from sale by auction says a report in the Sunday Times.
Interest in the UK insurance group has waned since the announcement by RBS that it would be sold to the highest bidder. RBS had set a figure of £7billion, which appeared to frighten off the potential [...]

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For anyone looking for bespoke insurance cover for museums, galleries, exhibition halls, theatres and training centres in the UK, specialist insures Hiscox have announced the launch of it’s new commercial policy, aimed at owners of high quality venues.
The policy will only be available through brokers and cover can be tailored to meet individual requirements. The [...]

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The Insurance Fraud Bureau has urged motorists to take extreme caution when driving this summer, as reports of organised gangs deliberately staging accidents to cash in on bogus accident claims, once more hit the headlines.
Last week a gang of twelve such fraudsters were sentenced to a total of ten years in prison, but the warning is that [...]

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Insurance company AXA UK say they are ready to make up to 500 people redundant through restructuring the business, as it enters the next phase of creating it’s new business model with the creation of eleven strategic business units.
AXA Ireland has already announced plans to cut 120 jobs in an effort to reduce its cost [...]

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Greenbee.com, the finance and leisure arm of the John Lewis Partnership is to expand it’s current offerings in the insurance market by introducing motor insurance, in conjunction with Fortis, the UK’s third largest car insurer. 
Greenbee.com currently offers home, travel, life and wedding insurance.
Greenbee Car Insurance will be available for all the usual risk variations, but comprehensive [...]

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