Motor
Biba: IPT increase would be "counter-intuitive"
The British Insurance Brokers' Association (Biba) has warned the government ahead of the Budget that any increase in the standard rate of insurance premium tax (IPT) would be "counter-intuitive".
esure plans £50m stock exchange flotation
esure has announced its intention to float on the London Stock Exchange with an initial public offering (IPO).
LV MD: motor rates need to rise
LV managing director John O’Roarke has blamed falling motor rates for the only disappointment in its broker channel results for 2012.
Expertise in Action: Pricing: A Perfect Storm
The continuing economic downturn and prevalence of large losses make this a difficult period for the insurance industry – but the sector is demonstrating its resilience.
Expertise in Action: Pricing: Looking for support
With brokers calling on insurers to share more information and provide greater practical assistance, how can both parties – and their clients – benefit from better collaboration?
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Axa scoops up Slade Edwards' mobile catering scheme
Axa Commercial Lines & Personal Intermediary has swooped for Slade Edwards Insurance Brokers' mobile catering scheme following the broker motor market withdrawal of Ecclesiastical.
Axa CEO: We are in best place for a decade
Axa is trading with “much better capability, much better service than we have delivered in the previous ten years”, Axa UK and Ireland CEO Paul Evans claimed.
IAG's results dented by UK performance
Insurance Australia Group's (IAG) half-year 2012 results were knocked by the performance of its recently-sold UK business.
Ageas commercial COR improves to 109.9%
The new chief executive of Ageas UK, Andy Watson, has hailed the provider’s record profits while admitting it would not be looking to grow in commercial lines in 2013.
RSA endures UK commercial pain as COR worsens
RSA's UK commercial combined operating ratio (COR) deteriorated to 100.4% (2011: 98.7%) as it recorded a total UK commercial underwriting loss of £31m (2011: £2m) for the year ended 2012.
Record insurance profit at Ageas as group COR stays flat
Ageas UK has reported non-life income of £1.74bn for 2012, up from £1.72bn in 2011 as its combined operating ratio remained stable at 99.8% (2011: 99.9%).
Midas Underwriting launches performance and classic car products
Midas Underwriting has launched two non-standard personal motor products, available through specialist brokers.
MASS rounds on Aviva's motor claims proposals
Aviva's plan to remove the middleman from motor claims in a bid to slash premiums has only "identified parts of the problem" and failed to "come to the right solution".
Aviva fronts up to "middle man" in motor claim report
Proposals to remove the "middle man" from motor claims and slash premiums by some £60 could be introduced within a year.
Lexis Nexis targets 70% of the market with no claims database
Lexis Nexis is poised to launch a No Claims Discount (NCD) database for brokers and insurers in a bid to replace the current manual process of screening applicants.
Brightside rebrands divisions under One Insurance Solution
Brightside Group has amalgamated a number of brands under the name One Insurance Solution.
Profits rocket at Catlin
Catlin Group has reported net income of $305m [£194m] for 2012, up more than 800% from the $38m reported in 2011.
Conman admits to selling false policies
A fraudster has pleaded guilty to selling hundreds of non-existent car insurance policies to UK drivers.
Motor continues to fall as home rates flat, says AA
The latest benchmark British Insurance Premium Index from the AA has shown that the downward trend in average quoted premiums for annual comprehensive car insurance policies continued over the fourth quarter of 2012.
Fraudster jailed using Towergate CCTV footage
A conman who deliberately caused a crash with a heavy goods vehicle (HGV) to make fraudulent insurance claims has been jailed for a year.
Groupama extends fleet range
Groupama Insurances has extended its range of Optima Small Fleet products - making them available for up to 30 vehicles.
Teen ghost broker handed 12-month sentence
A teenager who tried to sell worthless vehicle insurance policies has been given a 12-month conditional discharge at City of London Magistrates.
Young women drivers impacted by EU gender directive
Women drivers aged between 17 and 20 saw motor premiums increase by an average of 16.4% between September and December 2012.