Motor
Danish regulator orders Gefion to stop writing business
The unrated Danish motor provider says it "strongly disagrees" with the order and adds it has continued its capital raising efforts as it seeks to comply with its solvency capital requirement.
Covid-19: Six month MOT exemption announced
The AA said it had raised MOT concerns with transport ministers last week.
Covid-19: ABI highlights insurer motor and home commitments
The body outlined the insurer response to Financial Conduct Authority guidelines as providers waive renewals for key workers.
Covid-19: FCA calls on insurers to treat customers fairly during crisis
Regulator sets out expectations amid coronavirus for travel, motor and home insurance, product suspensions and renewals as it highlights the important role of the broker in helping vulnerable customers.
PIB makes motor trade move
The organisation has purchased a Top 100 broker to strengthen its motor proposition.
Be Wiser stems losses in 2019 results
Broker posted a loss of £669,000 for 2019 as it projects a return to profitability in 2020 as a result of streamlining and reorganisation.
Profits fall at Direct Line in 2019
COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs.
ERS says Ogden drove up COR in 2019
Profit and GWP improved at the motor provider.
Hastings posts profit drop after "challenging" 2019
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Allianz UK COR deteriorates to 97.8%
Challenging fourth quarter hits the provider as operating profit falls by 35% but CEO Dye remains upbeat.
Axa UK reveals revenue growth for 2019
Provider posted rising revenues in both commercial and personal lines.
Watson blames Ageas profit fall on motor book
Ageas UK CEO, Andy Watson, discusses the issues impacting the provider's 2019 results and recent changes in its broker business.
Blog: The future of telematics
Steve Kerrigan of LexisNexis Risk Solutions outlines how telematics has changed the market and examines where this technology is heading next.
Ageas UK reveals 21% net profit fall
CEO Andy Watson says results were driven by difficulties in the motor market.
Bollington cuts ties with Gefion
Bollington suspends trading with the unrated Danish insurer, which has been providing capacity for its MGA, Anjuna Underwriting, since 2017.
Bennetts deal to cost Ardonagh £26m
Motorcycle broker will join Autonet, Carole Nash and Swinton as part of Atlanta.
Ardonagh signs on to buy Bennetts from Saga
Ardonagh’s Atlanta division has exchanged contracts to purchase the motorcycle specialist broker.
The Blog Spot: Do you remember when a broker last went bust?
The sad fall of Staveley Head causes Siân Barton to pause and ask ‘when did this last happen to a broker?'
Polaris creates new standards for sharing economy products
The technology and standards organisation worked alongside sharing economy provider Pikl.
Major insurers respond to Staveley Head collapse
Staveley Head, which was mainly backed by unrated provider Gefion, advertised major composites on its website. Most of these confirmed only a handful of policies with the broker.
In-depth - commercial: What’s next for fleet?
Upheaval in the motor market caused by improving safety features, the increased price of repairs and a drop in capacity could provide opportunities for brokers. Sam Barrett reports
Gefion disputes claims from administrator after Staveley Head collapse
Danish provider says it "takes issue" with claims that it had prematurely ended its contract with Staveley Head, causing the broker to go into administration.
Directors of bust Staveley Head paid themselves £600k in 2019
Ashley Peters and Martin Tyler also reorganised the collapsed firm and its share capital. As part of the reorganisation, it became a wholly-owned subsidiary of Gelert Group and a £2m dividend was paid to Gelert. Policy Plan also paid £8m to Gelert.
Former Gefion and Qudos user Staveley Head goes into administration
Move follows solvency issues at the broker’s main insurer as administrator initiates fire sale and says majority of Staveley Head's 85 staff have been made redundant.