Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.

NEWS

02nd Nov 2015 Capital return update
30th Sep 2015 Interim Results Presentation For The Six Months Ended 30 June 2015
30th Sep 2015 Interim Results for the six months ended 30 June 2015
17th Aug 2015 Board appointment/Change of Nominated Adviser
06th Aug 2015 RESTORATION OF TRADING ON AIM
05th Aug 2015 Regulatory update
05th Aug 2015 Results and publication of Report and Accounts for the year ended 31 December 2014

EVENTS

26th Nov 2015 General Meeting
Insurance Telematics Europe 2015(14th-15th April | Park Plaza Victoria London, UK)


WEBSITES


DEDICATED & UPDATED POSTS

Ingenie



'Would you kindly' post Views/Speculations on one of the many other QPP threads,cheers.

A reminder of the 'Young Driver Focus 2015' event which is on today:

Young Driver Focus 2015

ingenie has been unveiled as the main sponsor of Young Driver Focus 2015, and Richard King, ingenie CEO, will deliver a keynote presentation at the event.

Young Driver Focus*, jointly organised by Road Safety GB & FirstCar, will be held at the RAC Club in central London on 15 April, courtesy of the RAC Foundation. With a capacity of 150 delegates the conference was fully subscribed more than a month prior to it taking place.

In a little over three years since formation, ingenie has disrupted the market and established itself as one of the leading insurance brands for young drivers.

ingenie is all about helping young people become better, safer drivers. By fitting a black box in the car, ingenie builds a picture of its customers’ unique driving styles so they can be treated as individuals and earn discounts for good driving.

ingenie provides regular driving feedback – including speed, acceleration, braking and cornering – both online and through the ingenie app. Customers can keep an eye on how they are driving and how much they are on track to save. Put simply, the concept is 'drive well, pay less'.

Since founding ingenie, Richard King has become passionate about road safety and is a regular TV and social media contributor on the issue.

Richard will use his presentation to give an overview of the positive impact of telematics within ingenie’s community of young drivers, evidence of which was revealed in its recent Young Driver Report. He will also discuss what it will take for the growth of telematics to continue, and what the future holds in terms of Government support.

From the above event:

https://twitter.com/hashtag/YDF2015?src=hash

Rob Terry weighs in on Quindell deal
Quob Park Estate, a vehicle set up by the ousted Quindell chairman, said it was a shareholder in the insurance outsourcer


By Ben Martin, and Christopher Williams
8:06PM BST 16 Apr 2015


Rob Terry, the founder of Quindell who was ousted from its board last year, has weighed in on the £637m deal the insurance outsourcer has struck with Australian law firm Slater & Gordon.


Shareholders are due to vote on the disposal of Quindell’s legal business on Friday. The sale will see £500m returned to beleaguered investors in the Aim-listed company.


In the latest twist in developments at Quindell, Quob Park Estate, a little-known investment vehicle that describes Mr Terry as its founder and chief executive, has claimed that it is a “core shareholder of Quindell”. It added that while it believes the Slater & Gordon deal is “undervalued”, it intended to back the disposal at Friday’s shareholder meeting.


Documents filed with Companies House show that Mr Terry is a director of Quob.


In a blog post published on Quob’s website earlier this week, the firm claimed that Quindell’s shares should be worth more than 200p, much higher than tonight’s closing price of 131½p.


Mr Terry had been Quindell chairman until last November, when he was forced from the board following a share dealing controversy. He sold-down his Quindell stake just weeks later to less than 3pc, which meant he could offload the rest without informing the market.

Quindell has not issued any stock exchange filings indicating that Quob is an investor in the company.

However, Daniel Stewart, the stockbroker in which Mr Terry recently bought shares, on Thursday revealed that he had raised his stake to 8.994pc through Quob. The broker added that Mr Terry was seeking permission from the Financial Conduct Authority to lift his shareholding above 10pc.

Quob, which said it plans to open itself up to retail investors, did not return requests for comment, and a spokesman for Quindell declined to comment.

17 April 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")



Result of General Meeting

and

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions including, inter alia, the approval of the Company's Shareholders of the Disposal at the General Meeting. Words and expressions defined in the Circular to Shareholders dated 30 March 2015 shall, unless the context provides otherwise, have the same meaning in this announcement.



The Board is pleased to announce that at the General Meeting held earlier today, the Resolution to approve the Disposal was duly passed.



Following the passing of the Resolution, the Disposal remains conditional, inter alia, upon:



(a) the approval of the Solicitors Regulation Authority; and

(b) the approval of the Financial Conduct Authority.

Further announcements will be made by the Company in due course.

http://www.moneyam.com/action/news/showArticle?id=5018256

Richard King stands down from ingenie – Chris McKee becomes CEO


ingenie today announces the departure of its CEO and co-founder, Richard King.

Having played an integral part in launching ingenie and turning the brand into one of the leading insurers for young drivers, Richard will step aside in June after an orderly process of transition. Chris McKee, the company’s COO and co-founder, will become CEO.

Richard leaves on the best of terms and by mutual agreement of both the ingenie board and its parent company Quindell.

Having dedicated himself wholly to ingenie for the past five years, leading the company from start-up through to its eventual acquisition and international expansion, Richard intends to take a break to spend time with his family.

Since its inception in 2009, multi award-winning ingenie has become one of the most popular choices for under 25 car insurance.

From the outset, Richard has been a leading light; pioneering black box technology in a sceptical industry, communicating and marketing to a younger audience via social media, and creating innovative ideas to improve both road safety and loss ratios, such as ingenie’s Driver Behaviour Unit.

Commenting on his departure, ingenie Chairman Steve Broughton said:

“As co-founder and CEO, Richard’s contribution in driving ingenie from an idea to what it is today cannot be over stated. However, we respect his decision to move on and take some time out. He leaves behind a flourishing business and strong leadership team who will ensure ingenie’s continued success and growth, with our roll out in North America already well underway.

I’m delighted that Chris McKee will take over the reins as he, like Richard, has been with the company from start-up. Chris has over 20 years’ experience of launching and running innovative UK and international insurance businesses and is ideally placed to ensure a smooth transition.”

Outgoing CEO Richard King said:

“It’s been an incredible five years launching and developing ingenie and I’m immensely proud of what we’ve achieved. Having built a successful and profitable business; completed the acquisition process with Quindell; and launched the brand in North America, my contribution to the company has now reached its natural end - so the time is right to go.

“I am confident that a rejuvenated Quindell will provide ingenie with a great parent platform from which the business will continue to expand and flourish. I know the ingenie team are more than capable of ensuring the company goes from strength to strength.

“On a personal note, I have recently got married and have a new baby on the way, so I’m looking forward to taking some time out with my family and continuing my charitable work in the field of road safety for young drivers.”

Incoming CEO Chris McKee said:

“Having been with the company since its inception and as a co-founder of the business, I’m delighted to take over as ingenie CEO. My priority is to drive and continue our growth working closely with Quindell. I wish Richard the very best for the future and have every confidence that the ingenie team I will now lead can continue the company’s success.”

ENDS

Ingenie retains Paradigm
April 20, 2015

UK-based auto insurance company Ingenie has hired Paradigm Public Relations of Toronto as its communications agency in Canada. The agency will develop campaigns intended to establish a presence for Ingenie in the Ontario market, followed by additional communications as the brand becomes available in other provinces. The campaigns will make use of traditional and social media and will focus on the company's commitment to driver safety.

"Ingenie is not your typical auto insurance brand," said Lorie Phair, CEO of Ingenie Canada. "It's an innovative digital brand for young people. In addition to Paradigm PR's extensive experience in both tech and insurance, we were impressed with the team's track record of campaigns that connect and engage with young Canadians. We feel they are an ideal partner to help build our brand in Canada."

Page 10 & 36 from this months edition of Canadian Underwriter:

30 April 2015

Quindell Plc
("Quindell" or the "Company" or the "Group")

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions.


The Board is pleased to announce that the approval of the Solicitors Regulation Authority was received today and the Disposal remains conditional upon the approval of the Financial Conduct Authority.


Further announcements will be made by the Company in due course.

http://www.moneyam.com/action/news/showArticle?id=5027428

ingenie shortlisted for THREE awards at the Insurance Marketing and PR Awards

I'm extremely proud to announce that ingenie has been shortlisted for not one, not two but THREE awards at the Insurance Marketing and PR Awards.

The awards are brand new this year, launched by Post magazine and Insurance Age to celebrate fresh thinking in the creative side of insurance.

Research Campaign of the Year

Our Young Driver Report, which we published last year, analyses the hundreds of millions of miles of driving data we had collected over our first years of providing telematics insurance.

We presented our findings to the government and have since agreed to support new DfT research into its benefits for new young drivers.


Social Media Influencer of the Year

Social media has played a huge role in building our brand and helping us grow a community of young drivers. It's where we talk to our customers - not only sharing fresh and useful content with them but taking customer service to the space they prefer.

Our Young Driver Report showed how important engagement is to our model: the more our customers interact with us and their feedback, the better they drive. That makes our social campaigns and activity a vital part of the ingenie approach.


Young Marketer/PR employee of the Year

We put our Chief Marketing Officer, Luke Eales, forward for this award because, at the age of 28, he's doing a job most people twice his age would find a challenge.

For the last few years, Luke's been in charge of all our marketing activity and road safety campaigns and, supported by a fantastic team (his words not mine - honest), has kept the ingenie brand at the forefront of telematics insurance.

Winners announced 26 June

The first ever Insurance Marketing and PR Awards ceremony will be held at the Grange St Paul's in London.

Fingers crossed!

By Honor Clement-Hayes

SRA backs £637m Quindell-Slater disposal
30 April 2015By John Hyde

The Solicitors Regulation Authority has approved Quindell’s legal business being sold to Australian firm Slater and Gordon, the listed company said today.

Quindell announced in a statement to the London Stock Exchange it was ‘pleased’ to confirm that SRA approval was received today.

The disposal of the professional services division to the listed Australian firm for a total value of £637m was agreed last month, and rubber-stamped by Quindell investors earlier this month.

The disposal still relies on the approval of the Financial Conduct Authority.

The deal involves an ’initial cash consideration’ of £637m and a 50-50 share of profits from future noise-induced hearing loss (NIHL) claims being run by Quindell. Slater and Gordon said it would fund the acquisition by raising A$890m (£462m) in new equity.

The parties say they will share profits from the estimated 53,000 noise-induced hearing loss claims being run by Quindell until June 2017, after which Slater and Gordon will make a final payment based on unresolved cases.

The Quindell share price, which has largely stabilised since the takeover was confirmed, rose this morning by 2p (1.6%) to trade at 127p by midday.

Approval was needed by the SRA as both Quindell and Slater and Gordon are authorised as alternative business structures. Quindell has had its licence since December 2012.

Lorie J. Phair appointed CEO of ingenie Canada
2015-05-07

Ingenie, an auto insurance provider for young drivers aged 16-24, announced on Thursday that it has appointed Lorie Phair as the CEO of ingenie Canada.

“Traditionally, young drivers have been discriminated against and treated as a high risk by the insurance industry,” Phair said in a press release. “Our approach is to help young drivers develop good driving habits, then reward them for how they actually drive, rather than treating them as a statistic.”

Ingenie has been available to young drivers in Ontario since March and plans to expand to other Canadian provinces in the future.

Ingenie said in the release that Phair (pictured below) has previously held leadership and board positions both in the insurance industry and in the not-for-profit sector, including organizations such as the Registered Insurance Brokers of Ontario (RIBO), Insurance Brokers of Toronto Region, Toronto Crime Stoppers, Toronto’s Chief of Police Annual Gala, Ontario Shores Centre for Mental Health Sciences and The Insurance Institute of Canada (IIC), where she served as a member of the Board of Governors and chair of the academic council for six years.



She currently holds an advisory council position with Magnet, a not-for-profit social initiative co-founded by Ryerson University and the Ontario Chamber of Commerce.

The biggest auto risks facing drivers on holiday weekends
by Jill Gregorie | 15 May 2015

Holiday weekends typically see an 18% increase in fatal collisions, according to a recent study analyzing five years of driving data in Alberta.

While many Canadians believe alcohol is behind these auto accidents, research actually indicates that drunk driving crashes are more prevalent on regular weekends than three-day ones. In reality, many factors are at fault for the rise in fatalities, and young drivers are particularly susceptible.

“It’s exciting for young drivers to have the freedom to drive their friends up to the cottage,” said Loir Phair, CEO of ingenie Canada, an auto insurer geared for the age 16-24 demographic. “Taking some precautions and giving their full attention to the road ensures everyone arrives safely.”

Some of the biggest risks, and ways in which they can be mitigated, include: •Playing DJ. 75% of young drivers become distracted by switching songs in the car. Motorists should create a playlist in advance, eliminating the need to adjust the console or connected mobile device.

•Using mobile phones. Smartphones are a universal diversion, and 60% of young motorists keep theirs either in a cup holder or on the front passenger seat. Since it can be difficult to ignore text messages and other alerts, Phair recommends keeping phones out of sight or in airplane mode.

•Eating at the wheel. 58% of 16 to 24 year-olds admit that eating on the go impairs their driving ability, so pulling over and eating at a service station is encouraged.

•Acting as Magellan. 54% of youthful drivers use phone navigation while driving, but it’s almost always safer to delegate this task to passengers.

•Driving while sleepy. Since almost 20% of fatal collisions in Canada involve fatigue, drivers should always get a good’s night sleep before long trips and take regular breaks for fresh air.

Although two-thirds of young motorists reported that the top deterrent for distracted driving would be involvement in a collision, insurance leaders hope that facilitating a dialogue will contribute to better driving behaviors. Any interested parties can join the conversation with the hashtag #dontdrivedistracted.

19 May 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")


Issue of shares

Quindell Plc (AIM: QPP.L) announces that, further to the announcements on 14 July 2014 and 5 December 2014, it has issued 4,012,694 new ordinary shares, being the remainder of the deferred equity consideration payable to the sellers in respect of the acquisition of iter8 Inc., which was concluded and announced on 18 April 2013. Of these, 2,006,347 new ordinary shares will be subject to lock-in until 17 April 2016.


Application will be made for the 4,012,694 new Ordinary Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur on 22 May 2015. Following Admission, Quindell will have 444,959,317 Ordinary Shares in issue. The Company has no Ordinary Shares held in treasury. The total of 444,959,317 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5039406

22 May 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")

Disposal Update


On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited ("Disposal") subject to certain conditions.



The Board is pleased to announce that the approval of the Financial Conduct Authority has been granted and the Disposal is now unconditional. Completion will take place in due course and a further announcement will be made by the Company upon Completion.

http://www.moneyam.com/action/news/showArticle?id=5042292

Full details from link at BOP


29 May 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")


Completion of the disposal of the Professional Services Division

Board Appointments

Completion of the Independent Review and other matters

On 30 March 2015, Quindell (AIM: QPP.L) announced the proposed sale of its Professional Services Division to Slater and Gordon Limited ("Slater and Gordon") for an initial cash consideration of £637 million and further contingent cash consideration and certain Board changes that would follow completion of that disposal ("Completion"). Following approval from shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority, Completion has now occurred.

Board Appointments and Resignations

The Company announces the Non-executive Directors that will today join the Board to be chaired by Richard Rose, Non-executive Chairman. The Right Honourable Lord Howard of Lympne, CH, QC will join the Board as Senior Non-executive Director. In addition, David Young and Tony Illsley will join the Board as Non-executive Directors and will chair the Company's Audit Committee and Remuneration Committee respectively.

**********************************************

In addition, as announced on 14 April 2015, Mark Williams has joined the Board with immediate effect as Group Finance Director. Disclosures under Schedule 2(g) of the AIM Rules for Companies are set out below.

As previously announced, Laurence Moorse, Robert Bright, Robert Burrow and Vice Admiral Robert Cooling will today resign from the Board. David Currie will remain on the Board but will step down today as Non-executive Interim Chairman to become a Non-executive Director.

Robert Fielding, Group Chief Executive, has transferred to Slater and Gordon as part of the sale of the Professional Services Division and, accordingly, has resigned from the Board. The Company has commenced an external and internal search process to identify a suitable candidate for the Group Chief Executive Officer role and is making good progress in that search.

Independent Review

On 8 December 2014, the Company announced that PricewaterhouseCoopers LLP ("PwC") was being engaged to carry out an independent review into, inter alia, certain Group accounting policies and expectations as to cash generation into 2015.

PwC's review is now complete and as previously detailed on 30 March 2015, it has identified that certain of the accounting policies historically adopted by the Company, in respect of recognising revenue and deferring case acquisition costs in a number of the Group's disposed of businesses, were largely acceptable but were at the aggressive end of acceptable practice. PwC also identified that some policies were not appropriate, principally the noise induced hearing loss cases revenue and related balances that became significant during 2014.

Having undertaken its own review and considered the findings of PwC, the Company has concluded that it will adopt a more conservative approach to accounting for revenue and profit in respect of the now disposed of Professional Services Division. The Company will provide a definitive view of the historical results on a more conservative approach and the changes will result in a reduction of revenue and profit. The Company is in discussions with its auditors as to the financial effect on its historical results, and the conclusions of such discussions will be included in the audited results for the year ended 31 December 2014 which are expected to be published prior to the end of June 2015.

Return of capital

As previously announced, the Company proposes to use the majority of the proceeds of the disposal to fund a substantial return of capital to its shareholders. The cash proceeds of the disposal will be kept on deposit and managed prudently until a distribution is effected.

It will be necessary for the Company to undertake a reduction of capital as the most appropriate means of returning the proceeds of the disposal to shareholders. The Company's results for the period ending 30 June 2015 will be subject to audit review in advance of the reduction of capital. Consequently, the Board expects the reduction of capital and initial return of capital (which the Company will endeavour to structure in a tax efficient manner) to be made to shareholders before the end of November 2015.

As detailed in the Circular dated 30 March 2015, the Company has agreed to the placement of £50 million of the initial consideration into an escrow account for a period of up to eighteen months in respect of the customary warranties given to Slater and Gordon in the Sale and Purchase Agreement. In addition, Quindell's third party debt has been settled as at Completion.

The precise amount of any distribution to shareholders has not yet been determined but the Directors expect that, in aggregate, the initial tranche will be at least £1 per share and up to a maximum of £500 million in total. The distribution will be payable to shareholders at that time and the relevant record date will be published in advance of the capital return.

Commenting on the Board appointments, Richard Rose, Non-executive Chairman, said: "This announcement represents a significant milestone in the transformation of Quindell. We are pleased to be able to put in place a Board with the skills necessary to guide Quindell as it begins life as a very different Company."

David Currie, outgoing Interim Non-executive Chairman said: "I'd like to take this opportunity to thank the entire team both within the Professional Services Division and the rest of the Group, ably led by Robert Fielding, for reaching this outcome. This is a watershed moment for the Company and we wish Robert and all our colleagues moving to Slater and Gordon well as they begin their careers with their new employer. At Quindell, we look to the future with great confidence and excitement."

http://www.moneyam.com/action/news/showArticle?id=5046447

Final Quindell short-seller cashes in its bet

Roble's exit means Quindell is no longer the subject of major bets against its share price


By Marion Dakers
7:00PM BST 30 May 2015


The last remaining hedge fund to short shares in Quindell has cashed in its bet against the controversial company after more than a year and millions of pounds in profits.


Roble SL, thought to be an offshoot of the hedge fund group Tiger Global, has reduced its short position to less than 0.5pc of Quindell’s total shares in recent weeks. Aim-listed Quindell, which has been subjected to numerous short-sellers in the past year, is now clear of major bets against its share price.


Quindell finalised the sale of its legal division on Friday and said it now “begins life as a very different company” following a management overhaul. Lord Howard, the former Conservative leader, was among the new appointments to Quindell's board last week.


The firm, which is left with an insurance claims processing business, has seen its shares lose about three-quarters of their value since February 2014, when Roble first revealed its position.


Two months after Roble launched its shorting strategy, Quindell’s shares were pummelled by a scathing report on its business model by Gotham City Research. In the fallout from this attack, which wiped £1bn from Quindell’s market value in a single day, founder Rob Terry quit and the company embarked on a series of asset sales.

and a new website.............(Edit-looks like as of last Friday)


Quindell Plc

Quindell Plc is a provider of innovative and sector leading expertise in Insurance Technology, Usage Based Insurance (UBI), and Connected Car Telematics.

We provide a complete set of advanced end-to-end solutions for Insurers; with industry proven UBI and gamification, claims, policy and analytics software.

Our brands work across the Insurance industry driving enhanced customer engagement with social media expertise and improved business process service management with the reassurance of unrivalled industry knowledge and enterprise technology software.


http://www.quindell.com/

Investors

The directors have been notified, or are aware of the following interests in the issued share capital of the Company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and Directors of Quindell Plc as at 29th May 2015.

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.55%%

Sub Total--------------------------------29,166,666------------------6.55%%


Current Total Shares in issue 444,959,317 as at 29th May 2015 with none being held as treasury and <0.01% being held “not in public hands” i.e. held by directors, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.quindell.com/investors/


Link to historic from November 2014 to present:

http://www.moneyam.com/InvestorsRoom/posts.php?page=1&tid=18581

ERS completes £20m IT transformation
11 June 2015

Lloyd's motor insurer ERS has completed the £20m transformation of its IT system ... The insurer is now using the ICE software, built by Quindell, to operate its systems

*****This is from a blogger but maybe of interest*****

Friday, 12 June 2015

A Quindell update...


It's been a while since I have written anything on Quindell so I thought I would put together a piece for loyal Betaville readers and followers of the company.

Top sources tell me that Quindell - which recently completed the sale of its professional services division to Slater & Gordon for £640 million - has now received a takeover offer of between £20 million and £30 million for PT Health, a Canadian healthcare and rehabilitation services company.

Quindell has also had offers totalling around £30 million for other parts of the business, according to my well-placed sources.

Now to be clear, a spokesperson for Quindell declined to comment on the above although "people close to the company" claimed the information isn't correct.

Still, I'm inclined to go with my sources on this one as they have been absolutely on the money on this story since I first revealed Slater & Gordon's interest in purchasing Quindell's legal services division earlier this year.

Once Quindell completes the disposals of these non-core divisions, it will be left with Himex, a black box monitoring system for cars, and the Ingenie insurance brokerage, which uses telematics to broker car insurance policies.

The board is also planning to begin the process of handing back around £500 million to shareholders via a share reconstruction after Quindell restates its accounts.

Quindell's auditors are due to hand back its accounts on June 23rd, according to my sources, so the market should see the company restate its accounts later this summer.

Although the restatement of the historic accounts is likely to involve some big numbers, I have been told most of it is connected to the disposed professional/legal services division. Quindell may even get a tax credit to offset future tax on profits following the restatement of accounts, according to my sources.

Meanwhile, the return of cash to shareholders is expected to begin in Autumn 2015, possibly via a share buyback.

Posted by Ben Harrington at 09:10

http://betaville123.blogspot.co.uk/