Motor
Young women drivers to pay more for insurance following EU ruling
The European Court of Justice ruling will bring to an end the use of gender in insurance pricing.
Allianz sees profits slide but maintains healthy underwriting result
Allianz has reported a £45m drop in operating profit to £158.5m (£203.7m: 2009) and a 3% deterioration in combined ratio despite a near £76m uplift in gross written premiums (GWP) for 2010.
Admiral confirms plans to move into household arena
Chief executive of Admiral, Henry Engelhardt, has confirmed that the insurer is planning to move into household insurance.
LV experiences rapid growth and profit hike but takes £30m hit in December
LV experienced accelerated growth in 2010, increasing premiums by 45% to £1.18bn, but recorded an underwriting loss of £43m.
Profits fall and combined ratio deteriorates at RSA
RSA has reported a 15% fall in profits after tax to £355m (2009: £419m) while net written premiums increased 11% to £7.5bn (2009: £6.7bn) in the year ended 31 December 2010.
New CEO at Brightside’s insurance broking division
Brightside has appointed Alan Sanderson in the new role of chief executive officer for its insurance broking division.
NIG's rates guarantee is suicidal according to Groupama CEO
Groupama Insurances CEO, François-Xavier Boisseau, has fired a broadside at NIG and its controversial ‘guarantee to beat’ rate offer to brokers, describing the move as suicidal.
Enterprise Rent-A-Car denies it wants brokers out of claims process
Enterprise Rent-A-Car has called for an amendment to the Road Traffic Act to ensure reporting of accidents to insurers, even in cases where the at-fault driver has admitted liability, is made mandatory.
Arista strengthens South West presence with former Chartis appointment
Arista has appointed Genna Ryan as senior fleet underwriter in the South West.
Home and Legacy now has platform to grow further, says MD
Home & Legacy has experienced a major increase in sales across its product portfolio, demonstrating a 26% year-on-year growth.
Bent case could force drivers to shop around for credit hire
A case involving footballer Darren Bent could impact UK car drivers who accept a replacement vehicle following a crash, Allianz has warned.
Jelf focuses on boosting personal lines offering
Jelf has appointed Antony Summers as managing director of its personal lines business reporting directly to chief executive of insurance Phil Barton.
Brightside expects to meet stock market profit expectations
Brightside Group has announced that it expects to meet stock market expectations of £6.5m-£7m in profits after tax for the year ended 31 December 2010.
Enforcement welcome but lacks bite says motor industry
The insurance industry has delivered a mixed response to recent government forays into uninsured driving and the cost of insurance in the sector.
E-commerce: OFT sends out data sharing warning to insurance industry
The Office of Fair Trading (OFT) must clamp down on anti-competitive data sharing in the insurance industry, according to consumer watchdogs Which and Consumer Focus.
E-commerce: Simply Business reveals ambitious GWP growth plans
Simply Business, has unveiled a gross written premium target of £100m by the end of 2012, up from £41m last year.
E-commerce: Policyfast and RSA come to non-EDI agreement
Online wholesaler Policyfast has reached an agreement with RSA to provide online business car and van policies to brokers.
E-commerce: Commercial market struggles to meet fraud prevention demand
As the capacity for online small to medium-sized enterprise (SME) trading increases, the commercial insurance market continues to lag behind in fraud prevention, according to APC underwriting director, Ian Russell.
Social media: A squeaky clean image
As the potential grows for customers to express their opinion across numerous platforms, so too does the importance of preserving your reputation online. Jon Ralph reports on broker use of social media.
Agenda: KIC 2010 results and 2011 outlook
Letter to president Petrov Arverbeyev Kazakhstan Insurance Company
News review: January 2011
Groupama announced its plans to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.
Schemes news: Multi-bike policy offers savings
The Hastings bike team has launched a new multi-bike insurance policy offering riders an opportunity to save when insuring two motorbikes with the broker.
Direct Line targets mid-net worth sector
Direct Line has announced the launch of Direct Line Select Insurance.
Insurance law firms Parabis and Everatt join forces
Parabis Law has merged with Everatt & Company, creating what they claim to be a £100m plus turnover business with more than 60 partners.