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MGA staff offered new roles in outsourcing deal

02/06/2010 09:00:00 by Marketing

Five UK General staff are set to be affected after the underwriting agency signed an outsourcing agreement with Direct Group.

Under the terms, Direct Group will take responsibility for processing non-complex commercial and motor claims. This equates to around 3000 claims a year.

Michael Warren, UK General chief operating officer, told Post that the staff impacted are claims handlers who currently work in Manchester. Under the terms of the agreement they will be offered relocation under transfer of undertakings regulations.

He added: "This is about each organisation doing what it does best. We know that Direct Group is a claims specialist and our experience of them has been good. It is a cost-effective solution, and the policyholder will get a better outcome."

Mr Warren said he believed the employees that decide to move will benefit because they are joining a larger organisation from a claims perspective: "There are far more opportunities there than within a relatively small claims team in an organisation like ours. Geography always plays a part in whether individuals are able to practically move from Manchester to Halifax. It will depend on their individual circumstances and that is what they are all considering now as part of the consultation."

The consultation period started on 18 May and will last for one month.

Mr Warren concluded by reiterating UK General is not looking for a new CEO to replace Tim Rolfe who left the group in March, continuing with Howard Posner as executive chairman.

http://www.postonline.co.uk/post/news/1652135/mga-staff-offered-roles-outsourcing-deal

Claims staff transferred to Direct Group to process motor and commercial policies

27/05/2010 08:30:00 by Marketing

UK General Insurance (UKGI) has signed a deal with Direct Group to outsource its non-complex commercial and motor claims, resulting in a number of staff being transferred over.

UK General Claims staff who currently work in Manchester and are affected by the agreement will be offered new roles in Direct Group at Elland, Halifax, under TUPE regulations.

UKGI claims director Nicola Lightowler said the decision was part of an ongoing strategic review aimed at making UK General one of the UK’s leading niche and specialist insurers among independent brokers.

She said the agreement with Direct Group will deliver further efficiencies without compromising service. “Brokers have told us that rapid and efficient claims processing is a top priority for them, and we are confident Direct Group can help us achieve this for our commoditised claims.”

Lightowler said UK General will retain a small team of technical claims experts to deal with all liability and high value property and motor claims.

“Our technical claims experts will now be able to fully focus on these complex claims, which will further improve UK General’s service to brokers in this key area,” she said.

Direct Group chief executive Derek Coles said the agreement built on an earlier partnership deal (signed in February 2009) between his company and Longhawk before the merger in June last year between Longhawk and Primary General to form UK General Insurance.

He said: “We already administer UK General’s claims in the travel, liability, GAP, creditor and property markets, and we are delighted to extend the relationship further by adding non-complex motor and commercial property claims to our claims administration portfolio.”

He added: “It marks the continued development of our strategy to offer a leading multi-product outsourced claims and administration model across a number of markets.”

http://www.insurancetimes.co.uk/story.asp?sectioncode=13&storycode=384661

 

Direct Group Acquires Millennium Insurance

03/06/2008 10:00:00 by Marketing

Direct Group Limited today announced it had bought Millennium Insurance a Midlands based provider of General Insurance solutions to the Mortgage broker and IFA market, for an un-disclosed sum.
 
Derek Coles CEO of Direct Group commented “ Millennium provides Direct Group with a front end sales proposition for our Corporate and Affinity customers offering a full range of General Insurance products across both Personal and Commercial lines. It fits well with our established policy Administration and in house Claims management businesses allowing the Group to access new markets and provide a broader range of services to both new and existing customers. We have examined a number of opportunities since the buyout last year and with the distribution and capability Millennium provides Direct Group this is an excellent fit.”
 
Steve Clowes Managing Director at Millennium added “We can provide a one-stop solution for our Business Partner clients using the Millennium Online Trading Centre or, our Referral service where we can undertake the regulated General Insurance sale on our clients behalf, or alternatively Affinity Programmes where we provide a web to web link for clients customers to “self select” their General Insurance needs on a non advised basis. Working as the in house distribution vehicle for Direct Group we can provide a full set of FSA regulated broker based point of sale options with full back office support to the wider Direct Group customer base.”
 
Coles ended by saying “this move allows us to deepen our product and service offering to both the mortgage and intermediated markets.”
 
Notes to Editors
 
Company Background
 
Direct Group has grown rapidly since its launch in 1990 and was subject to a management buyout in August 2007; the management team acquired the business with the backing of Lloyds Development Capital and Barclays Bank.   This deal will be a launch pad for rapid growth for Direct Group as it plans to treble over the next three years through acquisition and organic growth.
 
Millennium Insurance Brokers Ltd was established in 1996, and is a CII Chartered Insurance Broker and member of BIBA.
 
Company Vision and Culture
 
As a Managing General Agent (MGA), Direct Group aims to be the leading insurance services provider to the UK financial services marketplace. This vision is based around a philosophy of “treating customers and partners as we would expect to be treated ourselves”. The high quality of service offered by Direct Group is supported by a scalable and robust business platform which not only provides Clients’ and Insurers’ with unparalleled quality of management information but also provides the basis for expansion into new products and new market sectors.
  
Direct Group currently operates on a business-to-business basis by offering products to financial institutions, corporates and affinities. 
 
The services offered by Direct Group include product design, account development and training, policy administration, premium collection, claim handling and sales, insurer and captive reporting.
 
Direct Group Limited is authorised by the FSA.
 
For further information please contact Hilary Thompson, Communications Officer, at hilarythomspon@directgroup.co.uk or by telephone on 01302 380302.                             
 
Website:         www.directgroup.co.uk
                          www.millenniuminsurance.co.uk
 
 
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