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.

Wed, 1st Apr 2015 14:41
** 3 of the 4 hedge funds holding significant short positions (>0.5%) on Quindell cut their shorts on the stock to less than 0.3% after co agreed to sell its Professional Services Division (PSD)on March 30


** FCA data as of the close on Mar 30 shows Ennismore Fund Management's net short on Quindell at 0.04% vs 1.73% at its previous filing, Coatue Management at 0.2% pct vs 0.76%, TT International at 0.28% vs 0.58%

** Roble SL, with a 2.72% net short, is the only entity still above the 0.5 pct threshold which requires regulatory disclosure.

** Quindell's shares rose as much as 30 pct to 180 pence on Mar 30, when the deal with Australian law firm Slater & Gordon Ltd was announced. They are currently suspended from trading at 140 pence, pending an announcement

** The Telegraph writes the suspension is due to an error found in the deal announcement (http://bit.ly/1C7u1NC) (RM: francesco.canepa.thomsonreuters.com@reuters.net)

01/04/2015 3:45pm

RESTORATION OF TRADING ON AIM

QUINDELL PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 01/04/2015 3:45pm, an announcement having been made.

ORDINARY SHARES OF 15P EACH, FULLY PAID (BMTS9H8) (GB00BMTS9H89)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7397 8900.

http://www.moneyam.com/action/news/showArticle?id=5008748

Quindell embarrassed over profit misstatement
38 minutes ago

Well that's embarrassing.

There is a rarely a dull moment with Quindell, the controversial insurance claims company, which has agreed to sell its professional services arm to Slater & Gordon.

The company has been forced into an embarrassing admission that it understated the profits contributed by the division it is offloading in a circular posted to shareholders explaining the the sale to the Australia-listed law firm.

Originally, Quindell said the professional services unit contributed in aggregate pre-tax profits of £82.5m to the group during the year to December 31 2013, while during the six months to June 30 2014, the company said the division generated £113.4m in profit before tax.

The company has now changed these figures to £96m and £130.7m respectively.

In a statement to the London Stock Exchange, Quindell explains:


The Board has noted that there was a failure to fully transcribe profits related to entities forming part of the Disposal as disclosed in the Circular (predominantly in respect of iSaaS Technology Limited and Intelligent Claims Management Limited, entities previously included within the Company's "Digital Solutions" division in historic financial information).

The admission comes on an interesting day for Quindell. The London Stock Exchange announced earlier today that it was cancelling trades in shares of the company that took place in a two-minute time frame between 9.40am and 9.42am.

Slater and Gordon share offer raises £310m
2 April 2015By John Hyde

Listed Australian firm Slater and Gordon says it has raised the money needed to buy Quindell’s professional services division (PSD) within three days.

The firm announced to the Australian stock market earlier today that it has raised around £310m through the issue of 95.5m new shares.

The entitlement offer was made on Monday and completed yesterday, with around 8% of eligible existing shareholders opting to participate in the share offer.

The money raised will be two-thirds of the new cash needed to complete the Quindell deal, with the rest coming from a banking facility.

Slater and Gordon managing director Andrew Grech (pictured) said: ‘We are very pleased with the terrific level of demand from both our existing shareholder and new investors.

‘Feedback from the investment community in the past week has been very positive. There is a high level of support for the strategic rationale underlying the PSD acquisition and our ability to successfully optimise the business.’

The new shares were issued at a A$6.37 per share (around 325p) and by close of trading today were valued at A$7.85 per share.

Meanwhile, the firm has said it has no concerns about Quindell temporarily suspending trading to correct a mistake in its announcement about the sale on Monday.

A separate announcement said: ‘Slater and Gordon confirms that this does not change any disclosure made by Slater and Gordon in respect of the Quindell PSD acquisition, as all financial information contained in Slater and Gordon’s disclosure materials was based on Slater and Gordon’s own assessment of that information.’

Telematics insurance: we’re not all the same

There was a bit of press about some other telematics insurers over the weekend. It really highlighted the differences between black box insurers, so I wanted to address a few of them here and explain how ingenie is different.

One thing we've always felt is very important is how we communicate with drivers in our community. Before launching, we did lots of focus groups with young drivers and parents, which led us to the approach we have now.

We believe we've found the sweet spot where we’re using telematics data to help our customers, without overstepping the ‘Big Brother’ line.

We don't: text parents

Our customers are adults and they have a right to decide with their family whose contact details are linked to the policy and who sees their driving feedback. We don't make that choice for them and start texting their parents - that's not our call.

Some telematics insurers take this decision upon themselves, but we think that’s going way too far with ‘it’s for your own good’. It’s our job to help young drivers see the benefits of driving well, not force them to do things they resent. And texting someone’s mum to snitch on them definitely falls into resentment territory.

In actual fact, we don't even text at all - we send simple driving feedback through our mobile app and website.

We don't: report on location

Sending parents the exact time and place their child is driving - "James has just stopped a bit too sharply at the traffic lights by Sainsbury's" - is not on. Young drivers need to have the freedom and encouragement to choose to drive well, without being ganged up on.

Although our black boxes contain a GPS device so we can help locate our drivers' cars if they're stolen, our app doesn't give feedback with locations.

We don't: send 'live' updates

Reporting on every single mistake would quickly become white noise, but this is the system that the recent press has focused on: an almost live feed of the driver's mistakes.

Instead, we look for driving trends over a period of 10 days - an approach we developed with experts in young driver psychology - which means we're building up a picture of a person's overall driving style.

We DO: encourage parents to stay involved

We love parents, parents are great. We've seen in our community that drivers who choose to share their feedback with their parents are 28% less likely to crash than those who don't - but it’s the choice that’s important.

Staying involved throughout the learning process and beyond goes a long way towards helping young drivers develop the right attitude to driving. It's not just about paying for driving lessons, paying for a car, paying for the insurance.

That support is amazing, but showing an interest in their driving even after the test can really help sustain the good habits they learned with their driving instructor.

Not all telematics policies are the same

There are so many insurers jumping on the telematics bandwagon now that choosing telematics - while a great step - isn't quite the whole story. Every black box insurer has a different method, so the cheapest quote isn't always going to be the best option.

I've often likened it to choosing a school for your children: you don't go for what's most convenient. You choose the community that's going to nurture your child's individual needs, and help them be happy and prepared for everything life throws at them.

More from link below:

Major Shareholders

The Company has been notified 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 8th April 2015:

Name-----------------------------------Total Interest--------------% Holding
M&G Investments (Prudential)---------29,166,666 -----------------6.61%

Sub Total--------------------------------29,166,666-----------------6.61%

http://www.quindell.com/Major-Shareholders/major-shareholders


Link to Major Shareholders from November 2014 to present:

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

14 April 2015

Quindell Plc

Board Appointment


On 30 March 2015, Quindell Plc (AIM: QPP.L) announced the proposed sale of its Professional Services Division to Slater and Gordon Limited ("Slater and Gordon") and certain Board changes that would follow completion of that disposal ("Completion"). Completion is conditional on, inter alia, approval from the Company's shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority.

The Company now announces that Mark Williams will become Group Finance Director and will join the Board with effect from Completion. Mr Williams has been working as an integral member of the consultancy team appointed to assist the Board in January 2015.

As part of these changes, the Company confirms that Laurence Moorse, the outgoing Group Finance Director, will step down from the Board at Completion but will remain available to the Board and the finance team to provide an orderly handover.

In addition, the Company has commenced an external and internal search process for the Group Chief Executive Officer role, which will be vacant on Completion because, as previously announced, Robert Fielding will transfer to Slater and Gordon.

Commenting on the forthcoming appointment, Richard Rose, Non-executive Chairman Designate, said: "Mark has been working with the Group for a number of months and has been assisting the Board on a number of work streams. This experience will help him hit the ground running and we are delighted to welcome Mark to this new phase in the Company's history."

Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made at the time of the formal appointment of Mr Williams.



Background information

Mark Williams, aged 50, is a Fellow of the Institute of Chartered Accountants and has nearly 30 years of finance experience. Mark has had a varied career to date, having qualified with what is now Deloitte. His experience ranges from a technology driven entrepreneurial start up through to divisions of major international FTSE businesses and through several business cycles. He has operated at board level for the past 15 years, including roles at AXA, Cofunds, Guardian Royal Exchange, Legal & General, Old Mutual and Skandia.

http://www.moneyam.com/action/news/showArticle?id=5015094

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