Motor
Jensten moves in for second deal this month
It has bought Advance Insurance Agencies to act as a specialist personal lines hub for its franchisees and broking operation.
Ageas reports 95.2% COR
The improved position was down to lower motor claims due to the lockdown as the insurer reports growth in broker deals for household and commercial.
MCE commits to AI underwriting
The specialist motorcycle broker is using artificial intelligence to provide precision pricing and bundle quote, policy and claims data.
Zurich takes stake in MyPolicy
The provider has also joined the panel of the analytics and telematics specialist.
Be Wiser to slash staff numbers amid restructure
All 280 staff are under consultation as the business looks to reorganise following a series of losses and a "tough" pandemic.
Kingfisher denies "bad faith" dismissals amid legal row with Fresh-sellers
The dispute centres around accusations of misconduct, data breaches and misuse of the MyLicence platform at Fresh, which was bought by Kingfisher in 2018.
Complete Cover Group reveals return to profit in 2019
The broker's turnover fell but adjusted Ebitda grew in 2019 according to its latest set of financial results, as the business also comments on its sale to Ormiston Holdco in early 2020.
Prometheus Insurance falls into administration
The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full.
Usage-based car cover platform created
The proposition has been developed by By Miles founder, Callum Rimmer, for insurers and brokers to offer access to usage-based cover to the motor market.
Beckett exits Be Wiser CEO role after one year
Former Endsleigh boss Jeff Brinley takes over after joining the motor specialist as CFO in November last year.
Marmalade unveils pay-as-you-go policy for young drivers
The product, which the broker claims is the first of its kind in the UK, is underwritten by Ageas and uses specialist smartphone telematics technology to record how users drive.
Fresh sellers hit back and deny misleading Kingfisher
The group issued a raft of denials and counter claims following Kingfisher accusations of misconduct, data breaches and misuse of the MyLicence platform.
Zego buys telematics firm
The motor provider has added Drivit to its portfolio as it seeks to shake-up commercial motor cover.
Markerstudy's still in talks for commercial lines capacity deal
Group underwriting director Gary Humphreys says that the provider is speaking with a new carrier after it was forced to go "on hiatus" for new quotes in commercial lines almost a year ago.
Blog: The five unintended consequences of price-walking
Ignite Systems MD Toby MacLachlan discusses what can go wrong after the FCA signalled its intent to ban dual pricing practises in the home and motor insurance markets earlier this year.
ERS solidifies move into commercial with Lloyd’s deal
The insurer will back Arcus as it targets specialty commercial and reinsurance lines.
Markerstudy & Co-op confirm completion of £185m deal after two year wait
The transaction, which will boost Markerstudy's GWP by £500m, was first announced in January 2019 and has previously been criticised by Union Unite after it was revealed that it could result in 200 job losses.
Go Compare owner sold for almost £600m
GoCo has been bought four years after its Esure de-merger.
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.