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L&G adds to senior insurance team

Legal & General has appointed two members to its general insurance operations senior management team.

Peter Richmond is appointed business development director. His role will encompass direct responsibility for all general insurance distribution channels, marketing and business systems. He was formerly operations and business systems director.

Andrew Dawson will join Legal & General at the end of March 2004 to take on the new role of operations director for general insurance. He joins from Marks & Spencer Financial Services and has previously worked for Independent Insurance and Royal and Sun Alliance in a variety of senior underwriting and business management roles.

Ian Viney, director of Legal & General&#39s general insurance operation, says: “These changes add further strength to both the senior management team and L&G&#39s overall structure and will, I believe, enable it to take full advantage of future business opportunities and maintain itsimpressive growth. ”


NAEA calls for more agents to join up

The National Association of Estate Agents has encouraged more agents to join up and adopt its strict codes at this years&#39 national conference. It is also launching a national advertising campaign to encourage members of the public to use only NAEA-accredited estate agents. Speaking at the conference, Michael Portillo MP acknowledged the negative imagesof businesses […]

Universal expands board of directors

Universal has expanded its board of directors with two non-executive appointments. Geoff Hodgson, chief executive of Federation Brewery, and Peter Rutherford, chief executive officer of Rutherford Wilkinson, have joined the board of the North-East mutual society. As non-executive directors they will attend board meetings and sub-committees with a view to helping the society develop a […]

These deals will seem poor value to clients if interest rates rise

Ged Hosty, chief executive, Equity Release Services Growing pressure on the incomes of retired homeowners, rising property prices and increased longevity have fuelled massive growth in the equity release market, now valued at £1.1bn. So what is the future of the equity release industry as it braces itself for further expansion and the onset of […]

Home insurance market makes five-fold turnaround into profit

The UK home insurance market has made a remarkable five-fold turnaround into profit, a report by Datamonitor reveals. The report shows providers of household insurance made an estimated £778m profit in 2003 compared to a loss of £174m in 2002. Datamonitor says the sharp turnaround came from a huge drop in storm and flood-related claims. […]


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