Norwich Union Appoint Direct Group for Hamilton Insurance Contract
22/02/2008 09:00:00 by Marketing
Direct Group is pleased to announce its appointment as Administrator to handle the policy and claims administration on the Hamilton Insurance contract that was acquired in November 2007 by Norwich Union. The deal involves the transfer to Direct Group of over 300,000 policies. Direct Group will provide services including run-off on the range of insurance lines that Hamilton currently offer, including household, creditor and personal accident.
Derek Coles, Chief Executive Officer of Direct Group, commented “This is a prestigious contract for Direct Group which reinforces the successful and long term working relationship we continue to have with Norwich Union. Furthermore it demonstrates Direct Group’s ability to handle scale and capacity, illustrating to the market that we can implement and deliver business projects of this size and nature.”
For more information please contact marketing@directgroup.co.uk
Direct Group Strengthens Position in Brokered Secured Lending & Mortgage Arena
21/02/2008 08:41:38 by Marketing
Direct Group has strengthened its position in the secured lending and mortgage broking market with another major client win. With this new contract secured, valued at circa £75m GWP, it means that Direct Group are currently working with the three main players in the brokered secured loan and mortgage market.
As Managing General Agent, Direct Group will provide all administration services, including policy sale capture, policy fulfilment, through to premium distribution, claims handling and the creation of management information.
Derek Coles, Chief Executive Officer, commented “This is another major win for the company and really establishes Direct Group at the forefront of insurance services for the brokered secured lending and mortgage arena.”
For more information please contact marketing@directgroup.co.uk
Direct Group appoints Steve Broughton
02/10/2007 09:00:00 by Marketing
Direct Group are pleased to announce that Steve Broughton, former Managing Director at Royal & SunAlliance, has been appointed Chairman of Direct Group with effect from 1 October following completion of the MBO of the Company for £40M with the backing of LDC. Steve who is also on the Boards of insurer Fortis UK, software house SSP Holdings, motor claims management company Ai Claims Solutions and chairs the Sun Alliance Pension Fund brings a wealth of experience of the UK insurance market to the Board. Steve was formerly Chairman of Polaris UK, the industry owned Joint Venture also responsible for i-market, and of Swinton the leading intermediary.
Derek Coles Chief Executive Officer who led the recent management buyout at Direct Group commented “Steve joins us at an exciting time and his depth and breadth of experience across all aspects of the insurance market will add significant value to our business. Richard Watson will continue as Deputy Chairman as we strengthen our senior team.”
Steve said: “I am delighted to join Direct Group. It has a great opportunity to assist both insurers and intermediaries or affinities to reduce their costs and increase their marketing penetration in a variety of personal lines and product lines with its extremely impressive systems and management information capabilities. We will also be looking to expand further through a number of targeted acquisitions.”
Another New Deal for Direct Group
24/09/2007 09:00:00 by Marketing
Managing General Agent Direct Group has been appointed to supply all insurance products and administration services to South coast based mortgage & secured loan broker, The Mortgage Lender.
Chris Wood, Director of Sales & Marketing at Direct Group said “We are delighted to partner The Mortgage Lender. Their innovative approach complimented by our single, multi product/insurer web based administration model, will provide the ideal platform for driving growth, whilst delivering quality customer service in a demanding marketplace.”
The relationship will initially mean the provision of Creditor and Term Life insurances, with the addition of further value added products like buildings and contents to enhance The Mortgage Lender’s offer to their customers in the near future.
David Titmuss, Managing Director of The Mortgage Lender said, “To me success is about partnership – working with a company who can help us sell insurance well and compliantly and one who looks for new opportunities. Direct Group is that company and I am delighted to be working with them.”
Derek Coles, Direct Groups’ Chief Executive Officer commented “To be appointed by the team at The Mortgage Lender further strengthens our position in this space and is right on strategy for Direct Group as a solutions provider of insurance services to the mortgage and secured loan broker market.”
Direct Group Appointed Claims Administrator for New Product
20/09/2007 08:40:52 by Marketing
Direct Group announces that it has been appointed as Claims Administrator for a new Payment Protection Insurance product recently launched by a major financial institution. This new product offers the customer the flexibility and choice of mixing and matching cover to reach a level of protection that meets their needs.
Direct Group will provide a specialist claims administration service on behalf of the client which provides the customer with a high quality service in the unfortunate event of a claim.
Derek Coles, Chief Executive Officer, commented “As a Managing General Agent, Direct Group have the flexibility of providing clients with a ‘one-stop’ solution for all services or alternatively, as in this case, providing only a certain range of services to meet their needs. This allows the client to concentrate and focus on developing other areas of their business”.
