Motor
Right Choice targets further deals after Bennetts buy
CEO Mike Joseph talks to Insurance Age about Bennetts, the Right Choice acquisition of the Fresh-brands and outlines his plans to grow the motor specialist.
Marshmallow denies stealing trade secrets
Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
Profile: Motoring along
CEO of motorbike specialist MCE Julian Edwards tells Insurance Age how the broker has evolved, how the the market is changing and what the future holds for the business
FCA spent nearly £4m on dual pricing market study
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
Mulsanne v Marshmallow legal case to split
Court documents show the trial as to liability will take place this year after Mulsanne accused Marshmallow of stealing trade secrets.
Right Choice to buy Bennetts
Bennetts has finally found a home after Ardonagh divested its purchase of the motor specialist last year following a CMA investigation.
Analysis: The rise of pay-as-you-go insurance
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
Motor premiums see biggest drop since 2014
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
Kingfisher confirms Fresh brands-sale to Right Choice
The sale includes Fresh-brands Autosaint, Ladybird and First Van.
Atlanta snaps up Be Wiser
Move follows redundancies and a number of management exits at Be Wiser and will see the personal lines broker operate alongside Swinton, Autonet, Carole Nash and Marmalade.
Mulsanne accuses Marshmallow of stealing trade secrets in court battle
Mulsanne says it has suffered loss and damage of at least £39m, as judge orders Marshmallow to disclose information relating to the case.
Acturis partners with the RAC for breakdown cover
Acturis brokers can now access RAC Breakdown products for a range of vehicle types on either a standalone or add-on product basis.
Ian Donaldson lifts lid on Atlanta's Marmalade deal
The CEO tells Insurance Age about his plans in the telematics and pay-as-you-go insurance areas, as he reveals Atlanta has another five or six deals in the pipeline.
Aston Lark buys DNA Insurance
DNA is a motor trade specialist and will sit alongside Aston Lark’s Road Runner business.
Atlanta buys telematics broker Marmalade
Marmalade was set up 15 years ago and specialises in drivers under 34.
Q Underwriting extends Aviva capacity in £200m deal
The specialist underwriter confirmed the renewal of key binder Aviva, plus, developments to its Covéa-backed contractors combined product.
Call for clarity on final rules amid FCA dual pricing extension
The regulator's plan to ban the loyalty penalty is met with approval from the industry, but some criticise the FCA's approach as firms still do not know what the final rules are.
Commercial underwriting agency, CoSaint AG, goes live
The organisation has launched its first product for the motor trade combined market, backed by NIG and Covéa, and developed an online liability portal.
FCA extends dual pricing timetable
Following consultation the regulator has given firms fresh deadlines to implement rules relating to the loyalty penalty.
Staveley Head: £9.9m owed to unsecured creditors
The administrator’s report also showed £27.7m in claims since they were appointed.
Sabre reports profit fall as results are "heavily disrupted" by the pandemic
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
ERS reveals $350m capital injection to drive expansion plans
Boston-based Abry Partners leads capital raise, with current major shareholder Aquiline also participating, as ERS continues to diversify into (re)insurance commercial lines.
Insurance Hound: Most read by brokers in February 2021
Which topics have been sparking brokers’ interest?
Markerstudy focuses on further deals after Brightside buy
Gary Humphreys says the provider is actively looking to buy more businesses as he flags further consolidation in the personal lines space.