Motor
PremFina gears for growth with investment in tens of millions
Investors have given the tech-led premium finance provider a cash injection in a move that sees it set to challenge Close Brothers and Premium Credit for a top three position in the UK.
Aston Lark Ireland buys specialist motorcycle broker
Deal for Principal Insurance Ireland is the consolidator's fifth in Ireland this year.
Ghost broker sentenced for selling fraudulent Esure policies
The fraudster had previously pleaded guilty in June this year to fraud by false representation, money laundering, forgery and to the offence of being an unauthorised broker.
Firms must respond to FCA pricing reform survey by 9 August
The watchdog, which announced new rules earlier this year, is canvassing brokers about their readiness to implement the remedies.
Somerset Bridge Group posts £42.4m loss
The business, which claimed £614,000 furlough cash in 2020, was snapped up by Arch Re earlier this year.
Marshmallow denies trying to "dump" clients in legal spat with Mulsanne
Mulsanne launched a case against the start-up in March this year, accusing it of misusing confidential information and stealing trade secrets.
Aioi Nissay Dowa Europe partners with ibott for shared mobility products
The collaboration is said to focus on insurance solutions for non-owned fleets in areas such as peer-to-peer vehicle sharing, on demand delivery, ridesharing, vehicle leasing, micromobility, and autonomous vehicles.
The Blog Spot: The pay as you go bonanza
Are motor brokers going to listen to their customers?
Motor premiums drop 8.4% year-on-year
Data from Consumer Intelligence also suggested the FCA dual-pricing regulation would see the industry experience a hard market once more.
UK boss Middle lifts lid on Ageas's restructure and job cuts
Ageas's Ant Middle and Adam Beckett discuss the provider's strategy change in response to shifts in customer behaviour, and the FCA's dual pricing ban, as the insurer aims to hit £1.5bn in GWP.
Marshmallow awarded costs as court battle with Mulsanne continues to rage
The insurtech start-up was also ordered to provide information ahead of a trial later this year in a legal case that centres around Mulsanne accusing Marshmallow of stealing trade secrets.
Jensten buys Tasker
Deal includes Tasker Insurance Brokers, Tasker & Partners, and Gresham Underwriting and brings £50m GWP to Jensten.
Opportunity for brokers to drive change in motor insurance
By Bits' Callum Rimmer encourages brokers to step in after survey reveals gap between what motor insurers are offering and what their customers want.
Motor insurers urged to evolve to meet changing customer needs
Research from By Bits shows drivers of all ages are feeling increasingly unhappy with their motor insurers, while only 11% of providers say they are actively trying to change their approach.
Arch Re buys Somerset Bridge
The deal also adds Arron Banks’ Southern Rock Holdings to the reinsurer’s portfolio.
The Blog Spot: Action not words
In Pride month, Sian Barton says it’s good to see some action that goes beyond slapping a rainbow flag on a logo as Zego announces a policy to help trans and non-binary staff in the business.
Aioi Nissay Dowa partners with Flock for motor fleet products
The two firms have said that their motor fleet insurance products are now available to self-drive hire, own goods, courier, and tradesperson fleets across the UK
Analysis: Gefion collapse highlights risks of unrated capacity
Niche brokers say they have no choice but to use unrated insurers as compliance experts call for a change of the "unfair" FSCS levy system after the scheme steps in to pay claims following Gefion's bankruptcy.
Mark Wilson's Abacai makes six leadership hires
Motor insurtech says the new leadership team joins as the group "eyes the significant opportunity to better serve customers" following the FCA's dual pricing ban.
XS Direct secures UK location with Brightside MGA buy
CEO Chris McCann tells Insurance Age about entering the UK market post-Brexit and reveals the Dublin-based company’s plans for the future.
What fraud trends should brokers watch out for?
Insurance Age talks to the LV fraud team about the emerging fraud trends brokers need to be aware of.
How are brokers adapting to millennials’ needs?
Experts discuss the challenges that motor brokers need to overcome to attract and retain younger customers and how they can use technology to make cover more affordable.
Blog: Regulation, the FCA and value – how to stay on track when choosing products and partners?
RAC's Ian Lloyd discusses why breakdown insurance remains relevant today despite improvements in automotive technology and what brokers need to think about when choosing products for their customers.
FSCS declares unrated Gefion has failed
The troubled Danish insurer, which sold motor policies via brokers and MGAs in the UK, went into liquidation last year after its insurance license was withdrawn by the Danish regulator.