Banking group Lloyds have reacted against speculation of a sale of Scottish Widows, by hiring Toby Strauss as their new director for insurance. Mr. Strauss is currently employed with insurance company Aviva as a UK life chief executive officer, his new role will see him take on Scottish Widows and the company’s car and home [...]
Mutual & Federal gross premium income increased by 2% to R4.7 billion (2007: R4.6 billion). Gross premiums in the commercial portfolio grew in line with inflation; however the personal portfolio contracted following deliberate action by management to cancel a number of underperforming blocks of business. Risk Finance premiums also declined following lower levels of reinsurance [...]
An improvement in benefit packages and pensions could be the tipping point between staying in or leaving a job, according to research done by the UK division of Canada Life. Employees are more concerned with what benefits a job change could offer them, and could be tempted to move on if a better pension package [...]
