Personal
Groupama's broking business revenue remains flat
Combined revenues of Groupama Insurance's UK broking businesses have remained relatively flat at £33.3m during H1 2010 (H1 2009: £34.1m).
RSA half year results show premiums up 9%
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Carbon Offsetting: Carbon offsetting in vogue
It is impossible to avoid emitting carbon, so paying someone else to make a carbon saving is an increasingly popular choice.
Insurance revenue grows 9% at Moneysupermarket
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
Liberty Syndicates in motor market drive
Liberty Syndicates Management, a member of Liberty Mutual Group, is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
Defaqto finds only 21% of fully comp motor policies cover ULR
After analysing 223 comprehensive motor insurance policies, Defaqto has found insurers significantly vary in their approach to uninsured loss recovery (ULR).
Reportage: Transactional websites - what are the benefits for brokers?
By automating personal lines underwriting and providing clients with more than just a place to go window shopping, Kevin Child explains how brokers can benefit from creating fully transactional websites.
Agenda: KIC first half 2010 results and outlook
Letter to president Petrov Arverbeyev, Kazakhstan Insurance Company
UK still has most uninsured drivers in Western Europe
The chief executive of the Motor Insurance Bureau (MIB) has branded the UK's uninsured driving record "embarrassing" after it was revealed the country has the highest level of uninsured driving in Western Europe.
Unsustainable motor rates see greatest increase in 16 years
Car insurance premiums have rocketed at a record rate as insurers attempt to move their motor books back into the black.
Broker buying spree continues
Brokers began the second half of 2010 in a flurry of acquisition activity with Bridle Insurance snapping up two buys and further purchases from MRIB and Cullum Capital Ventures (CCV).
NIG's personal lines exit to impact around 3,000 brokers
About 3,000 brokers will be affected by NIG's decision to exit the personal lines market and focus solely on commercial business.
Broker Direct slashes workforce to balance declining motor book
Broker Direct has made 50 redundancies in a bid to compensate for the loss of one fifth of its personal lines motor book.
Industry anticipates further IPT rises to catch up with EU levels
Industry experts have warned of further Insurance Premium Tax (IPT) hikes as the Government attempts to bring UK tax levels into line with the rest of Europe.
NIG pulls personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business
News round-up: July/August 2010
A brief round up of news from the secto.
Service is key factor in picking home insurance provider
More than 12 million people are set to switch utilities or insurance provider in search of 'better service', according to research.
FSCS has paid out over £200m in compensation
The Financial Services Compensation Scheme’s (FSCS) annual report and accounts for 2009/10 has revealed that more than £204m has been paid out in compensation to over 21,000 claimants.
Three arrested in cash for crash operation
Durham Constabulary’s Serious and Organised Crime Group has arrested three men as part of an ongoing major investigation into organised criminals believed to be involved in ‘crash for cash’ activities.
Bridle Insurance continues on acquisition trail
Bridle Insurance has acquired Leicestershire-based niche personal lines specialist Abbot Insurance for a six figure sum.
Oak Underwriting and Westinsure strike deal
High net worth (HNW) specialist Oak Underwriting has agreed a deal with Westinsure Group to provide HNW expertise to its network of independent insurance brokers across the UK.
News analysis: Fortis snaps up Kwik Fit
Fortis has expanded with the £215m cash purchase of Glasgow-based Kwik Fit - including Express and Green Insurance - from Kwik Fit Financial Services.
Fraud pushes up motor premiums
Fraud is helping to push car insurance premiums up at their fastest-ever rate, according to the latest AA British Insurance Premium Index.
Senior hire marks Torus' entrance into PI market
Torus Executive Risks has entered the professional lines market with the appointment of David Robinson as professional indemnity manager.