Motor
‘Short-changed’ motorists getting £200m claims payments boost – FCA
The Financial Conduct Authority has estimated 270,000 motorists will get £200m in compensation for historic insurance claims that were underpaid.
Bown steps down as CEO of Dayinsure, succeeded by Bibby
Barry Bown has stepped down as CEO of top 100 broker Dayinsure, to be replaced by Chris Bibby.
Car insurance costs drop again – Confused/WTW
The average cost of comprehensive car insurance in the UK has dropped by £136 (16%) over the past 12 months to £735, according to the latest data from Confused/WTW.
Market Movement Index: All change
New analysis from Broker Insights reveals a shifting picture as higher premium risks move more, softer rates take hold and brokers shift to use smaller, dynamic providers over traditional markets. Rachel Gordon reports.
Allianz hires Hughes from Ageas as PL broker MD
Allianz UK has recruited Glyn Hughes from Ageas as managing director of Allianz Personal Broker.
Quoting insurtech launches courier van solution
Quoteswoop, a provider of insurance quoting technology, has launched Courier Van which enables brokers to enter risk details once and send them to up to eight courier van markets simultaneously.
SRG strikes motorsport team deal with Seventeen Group
Specialist Risk Group has agreed to take motorsport expert James Hirst and his team from Seventeen Group owned broker, James Hallam.
Zurich brings in NCD conversion for SME e-trade fleets
Zurich Insurance is enhancing its SME e-trade fleet offering by accepting no claims discount claims history, in a move it stated responded to broker demand.
Specialist insurer cites ‘consumer duty’ as it sells renewal rights to broker
Hagerty International has purchased the renewal rights of specialist classic car insurer Gilbart-Smith Associates.
Ex-Partners& and Gallagher boss helps launch new motor trade broker
The Independent Garage Association has launched RMI Insurance Services, a fully authorised insurance broker owned by the Retail Motor Industry Federation.
Broker Expo 2025 Countdown: DCL’s Joe Hantson
As we countdown to Broker Expo in October we caught up with Joe Hantson, deputy CEO of exhibitor DCL who explains how brokers can gain an edge – regardless whether the market is hard or soft.
Top 100 broker recruits ex-Gallagher manager as commercial head
Specialist taxi and fleet broker Patons Insurance has recruited ex-Gallagher operations manager Steve Milner as its new head of commercial.
PremFina leaders tackle growth, profitability and regulation changes
As PremFina restructures for “the next stage of the journey”, chief product and revenue officer Laura Sweetman and chief strategy officer Danielle Medhurst share how it will partner with brokers en route to reaching profitability by the end of June next…
Coles bullish over ‘sweet spots’ as MGA Uris targets £150m post MBO
MGA and outsourced insurance administration and underwriting services provider Uris Group is on track for £150m of premium in its first year as an independent business, Insurance Age can reveal.
Motor premium prices drop 3% in Q2 – ABI
Average motor insurance premiums fell by 3% in the second quarter, taking the annual drop to 9.6%, according to the Association of British Insurers.
Somerset Bridge pivots to MGA-only model after reaching profit in 2024
Somerset Bridge Group swung to £14.4m post-tax profit in 2024 following years of losses after being bought by Arch Reinsurance in 2021.
Allianz UK boss Holmes sees bright future from broker engagement in hubs and tech
Allianz UK has opened three hubs to work with brokers and will be rolling out technology developments this year into 2026, CEO Colm Holmes told Insurance Age.
Motor complaints to FOS slide down in Q1
The Financial Ombudsman Service received 2,843 complaints about car and motorcycle insurance in the first quarter of the financial year, below the level in the same quarter of the previous two years.
FCA to consult on £9bn – £18bn motor finance compensation scheme
The Financial Conduct Authority will consult on a proposed compensation scheme for motor finance customers after a Supreme Court ruling on 1 August.
Supreme Court rules on motor finance
The Supreme Court handed down its motor finance judgment on 1 August ruling in favour of the lenders in two out of three cases.
Compare The Market owner ups investment in telematics insurtech
BHL (UK) Holdings, majority owner of Compare The Market, has invested a further £2m in telematics insurtech ThingCo.
Less than 1-in-5 people aware of ghost brokers – Ageas
Just 1-in-10 adults aged 55+ had heard of ghost brokers, according to a poll by Ageas.
Sabre CEO promises sophisticated prices to brokers
Sabre Insurance Group CEO Geoff Carter has announced plans to offer brokers “even more sophisticated” pricing through a new platform, as he sets his sights on achieving £48m in profit by the end of 2025.
Sabre reports 26.2% profit growth as GWP dips
Sabre Insurance Group reported a 26.2% increase in profit before tax to £25.5m, despite a decline in gross written premiums, according to its 2025 half-year report.