Insurance mergers are on the cards
Article Abstract:
The regional offices of the Association of British Insurers (ABI) were closed in 1995 and this means there is less data from UK regions. The ABI claims that the UK Industry is performing well, but this appears less true seen from Manchester, England. Jobs will be lost in Manchester as a resultof the merger between Sun Alliance and Royal Insurance. CIS is the largest insurer in Manchester and saw its total income increase to more than 2 billion pounds sterling in 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Choosing a direction
Article Abstract:
Insurers in Manchester, England, have been affected by wider trends such as consolidation among brokers. Economies of scale are likely to become more important. Pressure has also come from direct sellers of insurance. Marsh and McLennan has acquired Sedgwick, the biggest independent broker in the United Kingdom, and this acquisition reflects pressure in the sector. Niche markets can be developed as one way of tackling the problem of increased competition.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Life insurers in the doldrums
Article Abstract:
The life insurance industry in Manchester, England, has been affected by the closure of the offices of the Association of British Insurers in the city. The insurance industry as a whole is under pressure, and this has wider repercussions as it is a major source of employment. Public confidence has been affected by publicity given to misselling of pension products. Competition has increased and direct sales companies are increasing their market share.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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