Motor
Private equity picks up the AA for £219m
An offer from Towerbrook and Warburg Pincus has been recommended to shareholders.
Blog: Fleet technology in 2021 and beyond – what will I mean for you?
With an eye on the new fleet technology that businesses will be using or considering in the future to help manage risk and driving efficiencies, Steve Green asks what will the commercial motor insurance market have to come to terms with?
Blog: Change the front page
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
British Engineering Services launches new inspection product on Acturis
The product has been tailored to meet the needs of motor garages and farms.
Alpha administrators in legal dispute with UK taxi broker
The case relates to premiums of over £3.9m collected by the broker before the unrated Danish insurer failed in 2018.
Blog: E-scooters, opportunity or threat?
We've all see e-scooters whizzing along pathways and roads, and we've all heard about the potential for accidents. DWF's Nigel Teasdale digs in to the implications for brokers.
ERS appoints AIG's Peter Bilsby as group CEO
Current boss Ian Parker is set to exit from the provider, which also announces the hire of a new group CFO and its plan to expand into specialist commercial insurance lines.
Blog: The rising business case for electric fleets
MS Amlin's Simon Fuller on the e-motor revolution in the commercial space.
Polaris calls for input from brokers to develop e-trading standards
Exclusive: The industry-owned body says the standards that underpin question sets used to cater for customers’ insurances need to evolve to reflect changes in the way people live, work and travel.
Ageas UK sells stake in Tesco Underwriting for £125m
CEO Ant Middle says now is the "right time" for Ageas to hand over its stake in the car and home insurance provider to Tesco Bank as it focuses on developing broker distribution.
Covéa promotes James Gearey to personal lines head following Geldard departure
He joined in 2019 as corporate development and strategy director.
In-depth - Personal lines: Driving forward
Brokers had to be flexible during lockdown as drivers looked to save costs on cars they weren’t using, but the industry has responded with innovative solutions, reports Sam Barrett
Opinion: Vizion's John Sims on reforming the motor market
A jump start for motor: The motor market should look to emulate high net worth if it wants to improve the experience for customers, says John Sims
Ardonagh buys Lloyd Latchford
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
Zego partners with Bravo Group to offer fleet product to networks members
Compass and Broker Network members will now have access to the insurtech’s fleet products.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
FCA warns brokers to "pay close attention" after dual pricing ban
Regulator to collect data from any firms setting prices, including brokers, as it calls on the industry to co-operate to tackle the loyalty penalty.
FCA signs death warrant for dual pricing
The regulator outlines proposals for a “significant reform” of the motor and home insurance markets and slams "complex and opaque" pricing practices.
Staveley Head collapsed owing almost £10m
The administrator’s progress report said the business was later sold to One Sure for £75,000 as fitness of former directors is investigated as statutory measure.
CMA: Ardonagh’s Bennetts buy raises competition concerns
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
MIB proposes 10% headcount reduction
Organisation says it is set to make 50 redundancies as part of a transformation programme and in response to "significant budget challenges" arising from Covid-19.