Motor
iRevolution Group secures £9m from investment fund
The Manchester-based broker has said it will use the funding from alternative lender Boost&Co to fund its recent acquisition as well as future ones.
Insurance Age relaunch: Don't miss our product hub
Check out the website's fresh section, Product Hub, for in-depth features and content spanning 11 product lines.
Kelly Ogley takes A-Plan CEO role
The moves sees group CEO, Carl Shuker, remain to focus on the wider business which includes Endsleigh, Assured Futures and KGM.
Hastings reports increased profit in Q3 2021
The provider's profit before tax hit £103m, highlighting an increase in customer policies despite premium reductions across the sector.
Granite buys telematics broker Carrot
The insurtech specialist will retain its office in Crewe following the deal.
Gallagher appoints Derek Henry to lead micro-SME
Henry, formerly of Brightside, will also be MD of personal lines as the broker zones in on digital innovation.
Motor premiums stabilise as telematics grows
Data from Consumer Intelligence reveals that 1 in 4 cheapest motor insurance quotes are provided by telematics firms, and while motor premiums plunged 9.4% in the last 12 months, prices are now beginning to stabilise.
iRevolution buys BG Insurance
CEO Mark Rigby has said the acquisition of BG Insurance would give the business further expertise in other areas of the non-standard motor market.
Motor premiums continue to fall in Q3
Premiums are the cheapest they have been since mid-2015, but the rate at which prices are falling has slowed in the last three months, according to Confused/Willis Towers Watson.
Radius Insurance Solutions buys Milestone
Radius already owns Burley Group and has added the broker/underwriter to its book.
Fraudulent claim value goes up but detection rates also increase
ABI data shows the average fraudulent insurance claim has now reached £12,000 as the the body praises the efforts made by insurers’ fraud investigation teams throughout the pandemic.
Complete Cover Group’s profits dip amid transformation
Profits slip but income is steady and operating profit almost doubles as report flags the business’s £50m Abacai launch and acquisition of broker Dayinsure.
In-depth – Niche markets: Getting to grips with the gig economy
The gig economy is growing fast and extends far beyond delivery and taxi services, which are often seen as the mainstays of this sector. Edward Murray investigates how the insurance industry is responding to new ways of working and what the opportunities…
ERS extends cover for European HGV drivers
The specialist motor provider says the move aims to support European HGV drivers coming to the UK to help fill the current HGV driver shortage and that brokers will be able to access the widened cover for their clients via ERS eTrade.
News analysis: Panic Buying 2: This time it’s petrol…
The news agenda has been dominated by images of snakes of cars leading to petrol stations as the great British public reprises its performance from the first lockdown where we saw loo roll, pasta and other essentials stockpiled. In our analysis Martin…
MCE launches bespoke AI tool
According to the broker, the company saw 32% growth in average premium due to its investment in tech, which has now been enhanced with the roll out of a new AI tool.
Interview: Paul Harvey, Adiona
New motor provider Adiona's founder and CEO tells Insurance Age about his plans for the business and why it will be looking to work with brokers in the future.
Saga takes pricing director from WTW
Graham Wright joins from Willis Towers Watson where he is currently a senior director.
Saga reports loss after tax of £3.1m
Interim results for H1 2021 highlight group loss but directors flag “robust” numbers as the business looks to recover from £57.1m loss in the same period last year.
Allianz updates fleet products to include electric vehicles
Provider says cover includes third-party liability during charging, as well as damage cover for cables, connectors and electric wallboxes.
Lucida names broking division CEO
Simon Pearce joins the business which includes Right Choice, Moorhouse Group and Bennetts, as Insiyah Davenport also comes on board as group chief risk officer.
Mulsanne v Marshmallow trial to begin on 15 November
The insurer has accused Marshmallow of misusing confidential information and stealing trade secrets. Marshmallow has denied the claims.
Zurich agrees £700m capacity deal with A-Plan's KGM
The deal means that Zurich will provide solus capacity to KGM for the next five years.
Usage-based motor insurer, Adiona, launches
Penny Searles, of Wunelli and Smartdriverclub, is on the advisory board of the Gibraltar-regulated entity which has said it will work with UK brokers.