Insurer

RBS is set to follow Lloyds Bank's example and put more money into its payment protection insurance (PPI) compensation fund, according to reports.

Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for Retail Distribution Review (RDR) implementation.

Health Shield has joined an industry group dedicated to tackling the growing problem of healthcare fraud, such as medical negligence, benefit cheats and scams, becoming an associate member of the Health Insurance Counter Fraud Group (HICFG).

Lloyds Bank has announced that its payment protection insurance misselling has cost it a further £375m.

Ratings agency Standard and Poor's said UK building societies have survived the financial crisis in better health than the UK banking industry as a whole, in a report.

Aviva group chief executive Andrew Moss has allegedly revealed that the firm may consider offers worth around £1bn for its US life assurance business, according to reports in the FT.

Global reinsurer capital was down by 3% to $455bn (£286bn) last year, according to the Aon Benfield Aggregate analytics report, but the sector has been described as remaining strong.

LV= has said it is looking to grow through acquisition as 2012's figures already look to be up on todays 2011 annual results.

Cash plan provider Health Shield has announced a strong 2011 in its annual report, increasing gross annual premium income to over £25m.

LV= made a trading profit of £33.7m, a 20% increase on2010 (£28m)as its protection business saw a 2011 increase of 18%.