Motor
L&G broker director sets sights on motor market entry
Legal & General's (L&G) broker and intermediary director Mark Holweger has set his sights on entering the motor market in partnership with brokers later this year.
Esure records 16.9% post-tax profit rise to £44.3m
Esure Group saw its post-tax profit jump 16.9% to £44.3m for the first half of 2013, up on the £37.9m recorded for the same period last year.
Review: Classic cover
Optima classic car policy. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Power hour: Motoring along
With falling motor premiums, the EU Gender Directive and telematics, personal lines brokers are facing some big changes, but there are opportunities as well. Andrew Pearce reports
Validation leads to a shrinking market for motor trade road risks insurers
Insurers and brokers must work together to make the ‘road risks’ motor market profitable and sustainable, explains Chris Withers
Allianz UK CEO "content" to see broker motor book shrink
Jon Dye, CEO of Allianz UK, has stated that the company is in “very good shape”.
Ageas UK CEO Watson commits to motor schemes market
Ageas UK CEO Andy Watson has admitted that the insurer is watching motor "very closely" as prices and profitability continue to fall.
NIG owner’s commercial COR drops to 105.3%
Direct Line Group, owner of NIG and Direct Line for Business, has reported a combined operating ratio of 105.3% for the first half of 2013, an improvement on the 112.7% in the same period last year.
Ageas UK enjoys 17.3% net profit rise
Ageas UK reported a net profit increase of 17.3% to £49.1m for the first half of 2013, up on the £41.9m posted for the same period of 2012.
LV boss blames investment return and motor for profit drop
LV general insurance managing director John O'Roarke blamed falling investment returns and plummeting car insurance rates after the provider's operating profit dropped by a third.
It never ends
In the last few months I have enjoyed four television shows in particular.
Motor and home insurance premiums fall again in Q2 2013
Motor and home insurance prices “plummeted” in the second quarter of 2013, according to the most recent AA British Insurance Premium Index.
LV operating profit slips to £43m amid "difficult" motor market
LV saw its operating profit slip to £43m for the first half of 2013, down on the £62m posted for the same period of 2012 for general insurance.
QBE's Bathia steps down with immediate effect
Ash Bathia, chief underwriting officer of QBE’s property, casualty & motor (PCM) division is leaving the provider.
Average car insurance price difference between sexes just £27
The average car insurance price difference between men and women is now only £27.
Broker Network and Countrywide in three-year deal with ALPS
Broker Network & Countrywide has partnered with Auto Legal Protection Services (ALPS) to deliver a range of motor products and services to its members.
Equity Red Star reveals motor division revamp
Equity Red Star (ERS) has unveiled the reorganisation of its motor divisions amid a clutch of senior underwriting appointments.
UK General in new motor deal with ALA Insurance Brokers
UK General has looked to boost its relationship with motor specialist ALA Insurance Brokers following the launch of a new excess protection product.
Giles takes motor specialist from NIG
Giles Insurance Brokers has appointed Anne Norrie as corporate development executive.
Biba turnover rises by 9% to hit £3.5m
The British Insurance Brokers' Association (Biba) saw its turnover rise by 9% to reach £3.5m for the year ended 31 December 2012.
FCA to probe dual pricing
The Financial Conduct Authority (FCA) will investigate dual pricing, it has been reported.
Ageas brands RIAS and Castle Cover go live with Quindell
Ageas has gone live with Quindell’s Napier rating and underwriting engine.
Brokers greet hike in fine for uninsured drivers with caution
Industry calls for more education for culprits
FCA warns over too complex MLEI
Regulator tells the industry to review marketing of motor legal expenses insurance