Swinton Insurance

[13] In 1988 Swinton was sold to Sun Alliance[14] for £130m[15] and in 2001 it changed hands again when it was acquired by MMA Holdings UK Plc.,[16] which is, in turn, owned by Covéa SGAM (Société de Group d'Assurance Mutuelle).

[24] Chief executive Christophe Bardet stepped down at the end of December 2014 and was succeeded by Gilles Normand, formerly the CEO of MMA Holdings UK Plc.

[33] In 2009, Swinton was fined £770,000 by the Financial Services Authority (FSA) for mis-selling payment protection insurance (PPI) policies.

[35] Chief executive Christophe Bardet stated that Swinton had notified these problems to the Financial Services Authority in March 2012 and co-operated fully with the FCA.

Swinton acknowledged its shortcomings in its sales practices during the specific period in question, and the company unreservedly apologised to customers.