Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
CEO of motorbike specialist MCE Julian Edwards tells Insurance Age how the broker has evolved, how the the market is changing and what the future holds for the business
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
Court documents show the trial as to liability will take place this year after Mulsanne accused Marshmallow of stealing trade secrets.
Bennetts has finally found a home after Ardonagh divested its purchase of the motor specialist last year following a CMA investigation.
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
The sale includes Fresh-brands Autosaint, Ladybird and First Van.
Move follows redundancies and a number of management exits at Be Wiser and will see the personal lines broker operate alongside Swinton, Autonet, Carole Nash and Marmalade.
Mulsanne says it has suffered loss and damage of at least £39m, as judge orders Marshmallow to disclose information relating to the case.
Acturis brokers can now access RAC Breakdown products for a range of vehicle types on either a standalone or add-on product basis.
The CEO tells Insurance Age about his plans in the telematics and pay-as-you-go insurance areas, as he reveals Atlanta has another five or six deals in the pipeline.
DNA is a motor trade specialist and will sit alongside Aston Lark’s Road Runner business.
Marmalade was set up 15 years ago and specialises in drivers under 34.
The specialist underwriter confirmed the renewal of key binder Aviva, plus, developments to its Covéa-backed contractors combined product.
The regulator's plan to ban the loyalty penalty is met with approval from the industry, but some criticise the FCA's approach as firms still do not know what the final rules are.
The organisation has launched its first product for the motor trade combined market, backed by NIG and Covéa, and developed an online liability portal.
Following consultation the regulator has given firms fresh deadlines to implement rules relating to the loyalty penalty.
The administrator’s report also showed £27.7m in claims since they were appointed.
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
Boston-based Abry Partners leads capital raise, with current major shareholder Aquiline also participating, as ERS continues to diversify into (re)insurance commercial lines.
Which topics have been sparking brokers’ interest?
Gary Humphreys says the provider is actively looking to buy more businesses as he flags further consolidation in the personal lines space.
The motor insurance specialist, which is Abacai's first acquisition since it launched last month, will remain a standalone business run by its current management team.