View more on these topics

Covéa trumps Aviva and Cardif Pinnacle on Paymentshield products

Umbrella-Rain-Businessman-Protection-700.jpg
Paymentshield has appointed Covéa Insurance to provide the cover for two protection products.

Covéa will back the IncomeShield and MortgageProtector products, replacing previous insurers Cardif Pinnacle and Aviva.

Paymentshield proposition and insurer relations director Amanda Fox says: “The appointment of Covéa Insurance to provide the cover for these products will further improve our reputation within the industry and should give mortgage brokers even more confidence in the quality of the products they provide to their clients.”

Covéa will take over the MortgageProtector product on 28 August and IncomeShield on 3 October.

Both products include back to work support, legal advice and carer cover.

MortgageProtector can also cover utility bills, council tax and home insurance.

Covéa Insurance director of commercial and affinity partnerships Steve Williams says: “Being unable to generate a regular income as a result of accident, sickness or unemployment is difficult enough, without having the added pressures of covering the mortgage and funding day-to-day life.”

Recommended

One to One: James Watson, sales director, Paymentshield

Some insights on the threat that price-comparison sites pose to big players in the insurance sector and a very outdoor perspective on an all-time hero What plans do you have for Paymentshield over the coming 12 months? We will continue to introduce new underwriters to our current panel of eight big-name insurers and are also […]

handshaking agreement

Towergate makes Steve Wood CEO of Paymentshield

Towergate Insurance has appointed Steve Wood as permanent chief executive of Paymentshield. He replaced James Watson on 16 March. Watson has been acting chief executive for the past two weeks and will revert to his previous role as sales director. Former Paymentshield chief executive Gary Duggan left the role in February. Wood joins Paymentshield from […]

Business-Handshake-General-Hire-Appointment-700x450.jpg

Towergate appoints new Paymentshield CEO

Towergate Insurance has appointed Steve Wood as permanent chief executive of Paymentshield. He will take on the role from 16 March, replacing James Watson, who has been acting chief executive for the past two weeks and will revert to his previous role as sales director. Former-Paymentshield chief executive Gary Duggan left the role in February. […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading

Newsletter

News and expert analysis straight to your inbox

Sign up