Motor
Equity owner reports UK loss
Insurance Australia Group (IAG) has reported a loss of AU$7m (£4.77m) for the first half of the financial year 2012 for its UK division.
Markerstudy releases capacity to new MGA
Markerstudy Group has confirmed it is providing £25m underwriting capacity to managing general agent Xpect.
RSA delivers good 2011 result but commercial continues to drag
RSA UK delivered £310m profit before tax on premiums of over £3bn in 2011 while turning in a combined operating ratio (COR) of 98.2%.
RSA commercial chief threatens to exit unprofitable markets
RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book.
Hiscox promotes Gott to lead on art and private clients
Hiscox has announced the promotion of Justin Gott to the position of head of art and private client, Hiscox UK and Ireland.
Ageas’ chief bearish on commercial hardening
Barry Smith, chief executive of Ageas UK, has described himself as “very pleased” with the step change from loss to profit at the insurer but admitted he was not confident of seeing any commercial market hardening in 2012.
Aviva’s McMillan bullish on insurer summit outcomes
David McMillan, chief executive officer UKGI at Aviva, has told Insurance Age he was as optimistic as he had ever been on reducing the cost of motor premiums following the outcome of last week’s insurance summit with the Prime Minister, David Cameron.
Ageas produces growth and profit across the board
Ageas has reported a huge boost in both gross written premiums (GWP) and profit for 2011 as the insurer’s Tesco deal begins to pay dividends.
THB makes latest purchase from AFL Insurance
THB has acquired AFL Insurance Brokers' UK commercial wholesale account.
Axa UK optimistic following 2011 results
Axa UK has reported a combined operating ratio of 98.9% for 2011, an improvement of 6.4% on 2010.
Broker Network signs up equestrian specialist
Shearwater Insurance has become a member of Towergate-owned Broker Network.
PM to challenge industry to reduce cost of motor premiums
David Cameron will host a summit with insurance industry representatives, consumer bodies and business groups in a bid to bring down the cost of insurance premiums and tackle the country's growing compensation culture.
Manchester appointments boost regional underwriting presence
Arista and Sterling have both made several appointments to their offices in Manchester.
AA latest provider to dive into telematics
The AA has unveiled Drivesave, a telematics product designed to reward safe drivers with lower premiums.
Motor PI portal limit extended to £25,000
The Association of British Insurers (ABI) has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10,000 to £25,000.
Esure's Wood hands over CEO role
Esure has promoted Stuart Vann, its chief operating officer for the past two years, to the role of chief executive officer.
TomTom enters UK motor market with CCV broker
Dutch navigation systems maker TomTom has entered the motor insurance market in a deal with CCV-owned Motaquote.
Whiplash summit called to tackle rising motor insurance costs
Cabinet ministers are set to discuss tactics to get a grip on the soaring number of whiplash claims as the government continues to look at ways to tackle rising motor insurance costs.
APPG calls for more guidance on EU gender ban
Concerns over the implementation of the gender ban in insurance pricing have been raised by the All Party Parliamentary Group (APPG) on Insurance and Financial Services at a recent meeting.
Evolution agrees five year capacity deal with Allianz
Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years covering property, casualty, excess of loss and motor lines.
Straw vows to continue pushing on motor insurance premiums
Transport Select Committee calls for multi-government department approach
Product: Equity launches telematics service
Equity Red Star has launched a new risk and vehicle management telematics service for the commercial motor and motor fleet sectors.
Finding a niche
Sutton Winson managing director David Thomson tells Caitlin Morrison why the broker has interests in so many niche sectors and diverse industries and how it plans to ride out the recession
Biba signs up Groupama broker as latest member
Carole Nash, the Groupama-owned motorcycle and classic car broker, has joined the British Insurance Brokers’ Association (Biba).