Solid ratings across the board for NIG

NIG has changed its profile since dropping motor extended-warranty business but the rating holds up based on its other lines

Standard & Poor's has assigned a 'BBBpi' (Good) insurer financial strength rating to National Insur-ance & Guarantee (NIG). The rating reflects adequate capitalisation, good earnings, a good level of technical reserves, and a conservative investment mix. The rating is based on the annual shareholders' accounts.

NIG, a large UK provincial insurer, underwrites motor and property risks for the private and commercial markets. All of the business is distributed through a network of 3,000 independent

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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