Motor
Motor premiums start heading downwards
Prices for comprehensive car cover fell by 3.3% in the first quarter of 2012, the first time in almost four years that car insurance premiums have seen any reduction, according to the Confused.com/Towers Watson Car Insurance Price Index.
Quindell adds to shareholding in Lineker-backed insurance offering
Quindell Portfolio has paid £2.85m cash for a further 16.4% stake in Ingenie, the insurance intermediary digital brand aimed at young drivers.
Mondial re-brands as it heads into health market
Mondial Assistance UK has announced that it will rebrand to Allianz Global Assistance in October this year as it embarks on a new foray into the health sector.
Home Secretary gives backing to Biba and ABI signposting initiative
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have revealed a government backed signposting agreement which they claim will make it easier for older customers to find motor and travel insurance.
QBE reveals expansion plans to brokers
Ash Bathia, chief underwriting officer at QBE for property, casualty and motor, has told brokers to expect more engagement and products from the provider after its acquisition of Brit’s UK regional business.
ALPS signs up two Norwich brokers
Norwich-based brokers Alan Boswell and Knowlden Titlow have signed up with Auto Legal Protection Services (ALPS) for motor insurance claims handling.
Oliver to be UK CEO at A&A
Martin Oliver has confirmed to Insurance Age that he will become the new UK chief executive officer at Allen & Allen group once he has completed his notice period at Barbon.
Feeling lucky?
The continuing soft commercial market could be a major threat to the industry, unless lady luck intervenes again, says Tony Cornell
Fitch affirms RSA's rating at A
Fitch Ratings has affirmed RSA’s Insurer Financial Strength (IFS) rating at A, and its long-term Issuer Default Rating (IDR) at A-.
NIG wins contract for funeral director scheme
NIG has won the tender to underwrite the insurance for Lark Group’s SAIFInsure scheme, taking over the contract from Axa.
R&Q acquires Guernsey insurer NFIL
Randall & Quilter Investment Holdings (R&Q) has acquired Northern Foods Insurance (NFIL), a captive insurer domiciled in Guernsey, for just over £700,000.
Hiscox expands HNW motor capability
Hiscox has strengthened its UK art and private client division with three motor appointments.
Bloomer puts down roots at UK General
UK General has appointed ex-Ecclesiastical schemes director Tony Bloomer as head of commercial schemes.
Groupama delivers record profits but sees revenues dip
Groupama UK has experienced a huge upswing in profitability for the second year in a row delivering £43.5m in 2011 against £23.7m in 2010, itself a huge improvement on the previous year (2009: £14.1m).
Admiral identifies £250,000 worth of potential fraud
Admiral has identified a quarter of a million pounds worth of potential fraud in just nine days following the implementation of a new claims fraud system.
Arista makes fleet underwriting appointments
Arista Insurance has made two new appointments to its fleet team in Birmingham.
Brightside's Holman hits out at slow approach to DVLA access
Brightside Group has hit out at the insurance industry for not securing access to the DVLA database sooner than it is.
Ink unveils new policy excess product
Ink Insurance has released a new excess protector insurance product, developed with input from Adding1’s ShazamXS.
Biba to investigate government CCTV fuel proposals
Graeme Trudgill, head of corporate affairs at the British Insurance Brokers’ Association (Biba), has confirmed that the trade body’s motor committee will be looking into reports that the government may be planning to use CCTV to prevent uninsured…
Insurance complications surround government CCTV fuel proposals
Drivers of uninsured cars may find themselves unable to fill up at petrol stations under new government plans, according to The Mirror.
Aviva's McMillan hails personal lines performance as commercial COR hits 105%
David McMillan, CEO of Aviva UK’s general insurance operation, has revealed that, despite a positive set of 2011 results, commercial lines continues to drag at the overall performance.
Aviva UK business grows but profits dip
Aviva UK’s general insurance business delivered higher growth but lower profits in 2011 as it managed to pin its combined operating ratio to 2010 levels.
Lumley Jacobs and Carole Nash in DNA deal
Lumley Jacobs has partnered with Carole Nash to supply forensic coding to the broker’s motorcycle customer base.
Labour would force insurers to offer telematics
Insurers could be forced to offer telematics to potential clients under a new proposal from Shadow transport minister, John Woodcock.