Personal
News Analysis - Spending Review: Coalition cuts deep to stimulate recovery
Emmanuel Kenning finds that brokers are determined to be optimistic in the wake of the Chancellor's £81bn of public sector cuts announced in the Spending Review.
News round-up: Insurers
Brit has formally accepted an offer of £888m from Apollo Management and CVC Capital Partners. The deal if agreed by shareholders is £10.75 for each share plus a further 25p if targets are met.
One in four pay off other driver after crash
A quarter of drivers have avoided using their motor insurance by giving money to a driver they have crashed into to fix the damage, according to website Myvouchercodes.co.uk
Deloitte says industry must address issue of brokers selling motor at a loss
Motor insurers need to increase their premiums while maintaining their customer base in order to return to profitability, according to Deloitte.
Viewpoint: Time to put things right
With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.
Product reviews: Flexible and competitive caravan cover
These products have been reviewd by brokers who have rated them from one to five, based on the policy's key benefits.
Reportage - Future of regulation: Predicting the future
Everyone is aware the FSA is on its way out but what is less certain is how the new regulatory structure will operate. Liz McMahon explores what brokers can expect in the medium to long-term future.
News review: October
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
Vacancy remains for Axa chief
Axa Insurance is still searching for a new commercial lines chief following a restructure of its UK business.
Marsh raids Towergate for senior network hires
Marsh has announced that Mike Rogers will replace Bruce Fertnig as head of Marsh ProBroker.
Axa's UK personal motor revenues up 35% in first nine months 2010
Property & casualty revenues in the first nine months of 2010 were up 0.7% to €21.4bn across the group at Axa. The UK & Ireland saw a 1.4% increase compared to the same period of 2009 to €3.2bn.
UK personal motor market to remain unprofitable for further five years
The UK personal motor market will remain unprofitable until at least 2015, according to a new survey of leading UK insurers by Towers Watson.
Broker claims debate
Claims are a thorny issue at the best of times but when credit-hire organisations and accident management companies are involved, it seems everyone gets prickly.
The results are in: The Top 50 Brokers in Personal Lines
Insurance Age has produced the third edition of its Top 50 Brokers in Personal Lines supplement, published in conjunction with Cornell Consulting.
Transactor embarks on quotation enhancement trial
Transactor Global Solutions is trialling the use of key external databases in a bid to enhance the quotation process in private motor, motor cycle, commercial vehicle, and household insurance.
Quinn bidders fear outstanding claims, according to reports
The Irish Independent has reported that several of the five bidders for Quinn are reluctant to buy the whole company fearing the outstanding claims and liabilities caused by previous management.
Nearly half of young adults have no contents insurance
Latest research has revealed that 49% of young adults don’t have contents insurance to protect the items in their home.
Heath Lambert and RAC to launch household products
Heath Lambert has agreed a five year deal with RAC to launch a suite of household products in 2011.
Car insurance premiums continue to rise
The average cost of comprehensive cover increased by 8.6% between July and September, however this is a drop on the 14.2% rise last quarter, according to Confused.com/EMB Car Insurance Price Index.
FSA contests judicial review of PPI
The Financial Services Authority (FSA) has said it will contest the British Bankers’ Association’s (BBA) judicial review of new payment protection insurance (PPI) complaints handling measures.
Meerkat boosts BGL profits
The BGL Group’s financial results for the year July 2009 to June 2010 have revealed an increase in pre tax profit to £62m (H1 2009: £54m) but profit growth dipped to 16% (H1 2009: 24%).
The PB Interview - Tim Ryan: Local hero
Andrew Tjaardstra meets Tim Ryan in Ipswich, where he is fighting hard against the recession and the force of the consolidators.
Homeserve director moves to Hastings Direct
Hastings Direct has appointed a new business development director, Andy Kirton, to develop its relationship with affinity partners.
News Analysis - Broker growth: A step up before the cuts
In the last three months, the financial sector grew at its fastest since June 2007 according to research from PricewaterhouseCoopers and the CBI, which was good news for brokers.