Motor
Jack Straw warns of regulatory threat facing motor insurers
Jack Straw has called on the industry, particularly insurers, to do much more to reform the private motor market or face further government intervention.
Ink snaps up Adding1’s commercial wholesale book
Ink Insurance has bought Adding1’s property, liability and motor fleet based business and confirmed that CEO Julio Rodilosso will be retained in a consultancy role.
Where now for Groupama et al?
So we’ve got three insurers up for sale, namely RBSI, Brit and now Groupama. Consolidation in the insurer space has been predicted for some time now but I don’t think people expected it to happen like this – more deals done behind closed doors than…
Motor premium hardening grinds to a halt
Motor insurance premiums rose by only 0.05% for the average comprehensive policy in the final quarter of 2011, a survey by Confused.com and Towers Watson has revealed.
Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Select Committee report focuses on whiplash claims and referral fees
The Transport Select Committee has called for the bar to receiving compensation for whiplash to be raised and for the receipt of referral fees to be banned across the board.
Storms whip up car claims
AA Insurance has revealed that the storms which hit parts of the UK in the first five days of January caused a 28% increase in car insurance claims compared with the same period of 2011.
Household rates will continue to rise says PwC
Accounting firm PwC has warned that the recent winter storms could push household premiums up this year.
Equity dodges £1m fine as it receives censure from Lloyd's
Equity Syndicate Management, the managing agent of Syndicate 218, has been censured by the Lloyd’s Enforcement Board regarding deficiencies in its reserving that saw the Lloyd’s player require a £311m injection from parent company Insurance Australia…
Ellis Clowes motors into 2012
Ellis Clowes has announced the appointment of ex-F1 driver and current pundit Mark Blundell as non-executive director.
Government brings ABI young driver proposals to a full stop
Road safety minister rejects ABI proposals to place restrictions on new and young drivers
Broking success: driving growth
Gardners has used acquisitions and specialism in insurance for taxi drivers to drive growth, managing director Paul Goldsmith explains to Emmanuel Kenning
Products: broker feedback drives changes to Allianz motor trade policies
Allianz Commercial has revamped its motor trade policies following, it said, feedback from brokers.
Equity Red Star appoints new motor fleet underwriter
Equity Red Star has appointed Andrew Dodd as motor fleet class underwriter.
MEP objects to ECJ gender ban
Marina Yannakoudakis, a Conservative MEP, has raised objections to the European Court of Justice's (ECJ) ruling banning insurers from using gender to rate risks.
R K Harrison takes on ex Marsh chief for HNW drive
R K Harrison has appointed Marcus Rennick, the former head of private clients at Marsh and HSBC, to support the growth of its UK high net worth business with a particular focus on the south east.
Insurance Age blog: Go compare
I don’t often get the chance to write about lovely Norn Iron (say Northern Ireland in the accent if you don’t get it), the place where I was born, grew up, and will very soon be heading back to for a typically hectic Christmas, therefore when I see an…
Biba throws weight behind OFT motor investigation
The British Insurance Brokers’ Association (Biba) has added its support to the Office of Fair Trading’s (OFT) investigation into credit hire and vehicle repair.
ABI welcomes launch of OFT motor investigation
The Association of British Insurers (ABI) has responded to the news of a further investigation into the UK motor market by insisting that insurers were committed to providing the best possible deal for customers.
OFT launches third party repair and credit hire investigation
The Office of Fair Trading (OFT) has launched an investigation into the provision of third party vehicle repairs and credit hire replacement vehicles in the UK motor market.
Admiral ponders creation of law firm
Admiral is considering setting up its own personal injury law firm in light of the developments to legal firms’ ownership under the alternative business structure changes.
RSA exits broker motorcycle market
RSA’s Personal Lines Broker has announced its decision to pull out of the UK motorcycle insurance market.
Brightside secures £100m capacity deal
Brightside Group has confirmed that a new capacity deal with an unnamed re-insurer will deliver £100m of extra capacity to its Gibraltar-based underwriting firm Southern Rock Insurance Company.