Motor
Allianz confirms motor trade staff consultation amid offshoring move
Allianz is holding a consultation process with staff as it changes its motor trade business with a new centre of excellence for underwriting in the UK alongside a team for non-complex renewals in Trivandrum, India, Insurance Age can reveal.
Taskforce to look at rising costs of motorsport that pose ‘serious challenge’ to future
The Fédération Internationale de l’Automobile, the global governing body for motor sport and the federation for mobility organisations worldwide, has launched a new taskforce to provide clarity on motor sport insurance and the impact of its rising costs.
QBE promotes Wilkinson to succeed Bickers in motor trade
QBE has promoted Hannah Wilkinson to underwriting manager of motor trade in the UK, effective 1 October.
Patons Insurance expands in motor trade with new team
Patons Insurance has created a dedicated team to focus on motor trade as part of its ongoing growth strategy.
Lucida posts reduced turnover in year before Moorhouse sale
Top 100 UK broker Lucida has reported a 14.6% fall in turnover to £40.67m, with a mixed picture on profitability across its divisions in 2024, the year before it struck the deal to sell Moorhouse.
DCL launches next phase of broker portal
Direct Commercial has enhanced its broker portal, claiming the update gives brokers faster control, increased efficiency, sharper insight and less admin.
The stats: Insurer competition drives softening of commercial rates in Q2 2025
The Acturis Commercial Broking Index shows commercial combined and combined liability rates fell into negative territory, while growth slowed across fleet, property owners, and packages in Q2. Ida Axling reports.
Serial ghost broker sentenced after ignoring repeated warnings from IFED
A man has been sentenced for his role as a ghost broker, despite numerous warnings from the City of London Police’s Insurance Fraud Enforcement Department.
‘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.