Motor
Zego partners with Bravo Group to offer fleet product to networks members
Compass and Broker Network members will now have access to the insurtech’s fleet products.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
FCA warns brokers to "pay close attention" after dual pricing ban
Regulator to collect data from any firms setting prices, including brokers, as it calls on the industry to co-operate to tackle the loyalty penalty.
FCA signs death warrant for dual pricing
The regulator outlines proposals for a “significant reform” of the motor and home insurance markets and slams "complex and opaque" pricing practices.
Staveley Head collapsed owing almost £10m
The administrator’s progress report said the business was later sold to One Sure for £75,000 as fitness of former directors is investigated as statutory measure.
CMA: Ardonagh’s Bennetts buy raises competition concerns
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Saga confirms £150m capital raise and investment from ex CEO Sir Roger De Haan
Business also posts pre-tax loss of £55.5m for the first six months of 2020.
MIB proposes 10% headcount reduction
Organisation says it is set to make 50 redundancies as part of a transformation programme and in response to "significant budget challenges" arising from Covid-19.
Turnover and profit slip for Arron Banks-owned Somerset Bridge
Profit for the business, formerly known as Eldon, slipped to £5.0m from £6.4m the previous year.
Deadline extended for AA takeover talks
The three potential buyers have an additional four weeks to make a bid for the AA as the motor specialist says discussions are progressing.
Complete Cover and Mulsanne parent posts £41.7m loss
The business was sold to Sun Capital last year. Since then it has secured a £1m development loan from Close Brothers and its investors has pumped £7m into Mulsanne to help with solvency.
Profit shoots up for ERS
Half year results highlight how motor provider has been affected by coronavirus as profit increases and COR improves.
Abbey Autoline hits acquisition trail after rebrand
MD Julie Gibbons discusses the broker's rebrand, acquisition plans, opening up after lockdown and how the business has ended up with a female majority in management roles.
Adrian Flux to create 185 new jobs
Broker says it is recruiting across its three offices in East Winch, King’s Lynn and Norwich.
Data reveals dramatic drop in personal injury claims during lockdown
ACSO's Matthew Maxwell Scott says claims numbers cannot continue to be cited as the reason for increasing car insurance premiums and urges the insurance sector to cooperate to improve the customer claims journey.
Bollington has five deals in the pipeline as it gears up for growth
Group CEO Paul Moors chats to Insurance Age about the broker’s Watson Laurie deal, future growth plans and cutting ties with Gefion.
Francois-Xavier Boisseau succeeds Amanda Blanc as ERS chairman
The former Ageas boss takes over after Blanc's move to become Aviva CEO.
Right Choice posts turnover rise for 2019
CFO Mark Mugge says specialist motor broker is gearing up to make acquisitions and predicts the personal lines sector will see rate increases as a result of the pandemic.
UK Broker Awards: Meet the Shortlist - Young Broker of the Year
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Young Broker of the Year.
Admiral lockdown rebate cost £97m
2020 COR for the first half of the year was 83.0% compared to 92.3% on H1 2019.
UK Broker Awards: Meet the Shortlist - Personal Lines Broker of the Year
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Personal Lines Broker of the Year.
CMA orders Ardonagh to keep Bennetts separate as deal completes
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
Ageas profit after tax slumps by half
The provider reported a result after tax of £22.8m compared to £45.4m in H1 2019.