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Germany-based Allianz, the world’s second biggest insurance firm, is preparing to launch itself as a consumer brand in the UK.
The company currently sells insurance products to British consumers through Cornhill, which it acquired in 1986, and pet insurer Petplan.
David Keel, marketing and communications manager, said the company is registering a number of product names and [...]
Global risk and reinsurance specialist Guy Carpenter & Company, LLC, has announced that Henry Keeling has been appointed to serve as president and chief executive officer of International Operations.
He began his career in London and spent almost two decades as an underwriter and broker with Lloyd’s and the London market before moving on to Mid [...]
The Bank of England’s Monetary Policy Committee (MPC) has chosen to retain interest rates at 0.5%.
The decision to pause the run of interest rate cuts which have seen rates plunge from 5% in October to 0.5% today was widely expected.
The Bank of England is continuing its £75bn asset purchase programme of quantitative easing, or printing [...]
National Deposit has announced that it is rebranding as National Friendly from next month.
The friendly society and private medical insurance provider said the name change reflects a new focus on building the healthcare side of the business, and better conveys the values of the company.
In particular, market research by the group found that the word [...]
The Bank of England has published its latest Credit Conditions Survey covering the three months to 12th June 2009.
During the period, lenders slightly increased the availability of secured credit to households, with improvements in the cost and availability of funds behind the rise.
Unsecured lending to consumers fell during the period and a further “small reduction” [...]
Royal Bank of Scotland (RBS) chief executive, Stephen Hester, has agreed to moderate his £9.6 million remuneration package, set up in the past fortnight.
Mr Hester will delay taking part of his bonus in RBS shares until 2014, an extension of two years.
The £3.4 million element of the package is linked to share price targets and [...]
Cattles, the doorstep lender that trades as Welcome Financial and Shopacheck, has reported that an independent review of its internal accounting controls has been completed.
In March, the firm issued two profit warnings within days, announced that its 2008 results would be delayed and began suspending directors.
A breakdown in internal controls had apparently resulted in the [...]
The Government will today announce that credit card cheques are to be banned, in what will be regard by many as a long-overdue move.
The injunction will form part of new consumer protection measures, further details of which will be out shortly.
Consumers typically receive the cheques with their monthly credit card statements.
They work in the same [...]
New research from CIFAS names London (including Greater London) as the UK’s key hotspot for financial crime.
The fraud prevention service, which represents financial services firms including banks and credit card providers, has listed the top ten favoured post codes as follows: SE18 Plumstead; IG11 Barking; E6 East Ham; SE15 Peckham; SE28 Thamesmead; E17 Walthamstow; CR0 [...]
