Motor
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
Charles Earle hits back at Arista capacity rumours
Arista chief executive Charles Earle has hit back at industry rumours claiming the insurer is being forced out of the motor trade market.
Review: Telematics and fleet in one
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Product roundup: It’s a Standard Life for the man from the Pru
The finish line is now visible for the much discussed integration of Standard Life Health into Pruhealth, following its acquisition last year. The insurer has taken the move as an opportunity to adopt what it calls a leadership stance on differential…
Demand for niche car insurance add-ons is growing, says survey
One in five (21%) of Britons looking to buy a car in the next 12 months will also purchase GAP insurance cover, according to Mapfre Assistance.
MCE Enterprise unveils managing director
MCE Enterprise, a subsidiary of motorcycle broker MCE, has appointed Nick Elliman as managing director.
Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
MSL launches new vehicle service for brokers
MSL Group has extended its offering to the broker market with the introduction of a new vehicle supply and management service.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
Autonet creates senior compliance role to support growth
Autonet Insurance Group has appointed Jenny Devaney to its board in the new role of compliance director.
UK motor grows 10% as Gibraltar overtakes Lloyd's
Ernst & Young has reported that the UK motor market grew by 10% in terms of gross written premium in 2010 to £13.4bn with growth in Gibraltar based insurers making it bigger than Lloyd’s.
Victor Millwell rolls out self-service motor caravan portal to brokers
Victor Millwell has announced that its online portal MotorCaravan Plus has been opened up to the full broker market.
Axa Assistance reports rise in turnover and profit
Axa Assistance has announced a 5.2% increase in turnover to £829.2m (€929m) for 2010 from £788m in 2009 along with a rise in net profit to £17.8m (2009: £11.2m).
Bennetts rebrands to become major player in the South
Insurance Broker Bennetts Commercial has unveiled its rebrand.
Banks to offload 10% of Brightside holding
Arron Banks, chief executive officer of Bristol-based Brightside Group, is to sell 10% of his share holding and grant security to an unconnected third party of nearly eight million ordinary shares in the company, it has been announced.
HSBC Insurance (UK) sold for £68.5m
HSBC Insurance Services Holdings has agreed to sell HSBC Insurance (UK) to Syndicate Holding for £68.5m in cash.
Video: What the Papers Say - latest edition
Insurance Age senior reporter Emmanuel Kenning is joined by colleague Liz McMahon and director of Spotlight Communications, Lesley Russell to discuss the top insurance stories.
Slow down in car insurance price rises
The average price of a comprehensive car insurance policy rose by 2.7% in the second quarter of 2011, according to the Confused.com and Towers Watson Car Insurance Price Index.
Further growth at Be Wiser
Be Wiser Insurance Services has announced a sharp rise in gross premium income to £52.3m from £23.5m in 2010.
Rural targets 5% market share with two new schemes
Rural Insurance has launched delegated authority schemes for two Northern Ireland brokers, including Autoline Insurance Group.
Moody's: Axa's referral fee stance could benefit the sector
Axa’s recent decision to no longer accept personal injury referral fees could benefit the sector as a whole according to credit ratings firm Moody’s.
Cost of motor insurance inquiry re-opened
The Transport Committee has agreed to re-open its inquiry into the cost of motor insurance, in the light of further concerns about the rising cost of premiums.
Products: Aviva returns to telematics with motor fleet product
Aviva has announced its partial re-entry into the telematics arena with a new motor fleet offering.
Products: Allianz and Axa launch commercial motor add-ons
Both Allianz and Axa have launched motor add on offerings in an attempt to court broker favour in the commercial motor arena.