Motor
Insurtech GoShorty launches short-term motor cover
The provider says the product is available via brokers and provides short-term cover for full licence holders as well as provisional ones.
Kroll reverses “reckless” MCE MTA decision
The administrator will now allow the provider to process mid-term adjustments.
Blog: Is the industry falling in love with GAP insurance again?
Avid's Steve Duxbury discusses how the market for GAP insurance has changed since the FCA's 2015 thematic review and argues that it is set for accelerated growth.
Gibraltar regulator denies accusations from MCE
MCE criticised the regulator earlier this week after its Gibraltar-based insurance arm went into run-off.
MCE slams Gibraltar regulator after insurer arm goes into run-off
MCE condemns GFSC for applying capital add-ons on its Gibraltar-based insurance company, which went into run-off on 5 November.
Open GI partners with Percayso Inform on data product
Brokers will be able to access the service through Open GI’s motor and commercial vehicle platforms from 2022.
FSCS confirms MCE Insurance Company has failed
The Gibraltar-based business went into run-off on 5 November, citing difficulties with Solvency II, while the UK-headquartered division of the company has signed a fresh capacity deal with Sabre.
MCE cites Solvency II as reason for run-off of Gibraltar-based insurance arm
MCE boss Julian Edwards says Solvency II favours larger insurers as he discusses the broker's capacity deal with Sabre.
Foley flags Axa transformation programme
Products and digitisation are key priorities for the retail CEO who joined the insurer in 2020.
News analysis: EVs set to rise within commercial motor
As customers go down the electric vehicle route, Insurance Age has asked industry experts to outline the impacts and challenges that EVs bring within the commercial space.
Mulsanne v Marshmallow trial kicks off
Opening statements were heard today and yesterday in the trial which centres around accusations of misuse of confidential information and breach of contract.
The Insurance Age Top 100 2021
Our Top 100 Independent Brokers Supplement is now available to view online.
Sabre expands into motorcycle insurance with MCE underwriting deal
Sabre takes over as MCE states it stopped placing new business and renewals with its own Gibraltar-based insurance arm, MCE Insurance Company, on 5 November.
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.