Motor
Cash for crash group walk away with suspended sentences
A group of fraudsters who staged a stag party minibus crash and claimed £134,000 for "whiplash injuries" have walked free.
SSP and Wunelli to launch "mass market" telematics offering for brokers
SSP and Wunelli have targeted bringing brokers "in from the telematics cold" with a telematics-based private motor insurance policy.
esure expects LASPO and gender-neutral gains as GWP rises
esure Group has seen its gross written premiums edge up to £124.1m for Q1 2013, a 1.6% rise on the same period last year.
LV Broker expands Kwik-Fit panel relationship
LV Broker has broadened its Kwik-Fit Insurance relationship by unveiling its ABC home product on the broker's panel.
UK General hits 500-scheme target
UK General Insurance has reached its 500-scheme target and laid out plans to focus on a "product-led strategy" concentrating on "profitable business, as opposed to chasing volume".
DLG sees profits rise as UK motor GWP takes a hit
Direct Line Group has reported a combined operating ratio (COR) of 98% for the first quarter of 2013, a 6.5% improvement on the COR posted in Q1 2012.
Biba and ABI launch telematics guides
The Association of British Insurers (ABI) and the British Insurance Brokers’ Association (Biba) have produced two guides on telematics.
Former comparison site director slapped with eight-year ban
A director of motorbike insurance comparison website Bike Insurer Services Ltd has been disqualified for eight years.
Motor and home premiums record Q1 fall
Car and home insurance premiums fell in the first quarter of 2013, according to the latest AA British insurance premium index.
Admiral CEO reveals UK challenge as revenue drops
Admiral Group CEO Henry Engelhardt has admitted it is "not the right time" to grow its UK market share as the insurer's UK car insurance turnover dropped 9%.
Equity makes "critical first step" towards profitability with twin promotion
Equity Insurance Group has unveiled two high-level promotions with Tim Yorke assuming the newly-created role of chief operating officer and Peter Smith named as claims director.
Teradata Universe 2013: Insurers have natural big data advantage
Insurance companies have an intrinsic big data advantage when it comes to improving their businesses, a global management consulting firm has declared.
Ageas Insurance Solutions moves on to CDL’s Strata
Ageas Insurance Services (AIS) has moved Auto Direct over to the CDL Strata operating platform and rebranded the motor insurance brand’s website.
Axa plans Biba personal lines revamp
Axa is planning to launch three new personal lines products as part of a strategy overhaul to be unveiled at the upcoming British Insurance Brokers' Association (Biba) conference.
Ghost broking pair jailed over £900,000 car insurance fraud
A couple has been jailed over convictions for insurance and tax fraud, following an investigation by HM Revenue and Customs (HMRC).
Axa and Aston Scott in £10m motor trade deal
Axa Commercial Lines and Personal Intermediary has entered into an exclusive motor trade deal, worth £10m gross written premium annually, with Aston Scott.
Newcastle United star punished for driving without insurance
Newcastle United midfielder Hatem Ben Arfa has been disqualified from driving after pleading guilty to driving without insurance.
False motor trade policy applications on the rise
Insurance fraudsters are using motor trade road risks policies to avoid paying the correct premium for their risk, motor broker DNA Insurance Services has warned.
Co-op Insurance reacts to job loss fears
The Co-operative Insurance has moved to quell concerns over the jobs of more than 1,000 employees following the announcement it is up for sale.
Compare The Market owner BGL appoints Donaldson to succeed Winslow as CEO
The BGL Group has appointed Matthew Donaldson to the role of chief executive officer with predecessor Peter Winslow becoming group executive chairman.
Private equity house takes "significant stake" in Validus
Private equity house LDC is set to take a "significant stake" in motor claims business Validus-IVC.
No IPO on the table at Hastings
Gary Hoffman, chief executive of Hastings Insurance Group, has reiterated that an IPO is not in the pipeline for the company as it posted soaring profits, although it could still be an option in the future.
Profits soar at Hastings
Hastings Insurance Group has announced a 100% increase in Ebitda to £70m along with a near doubling of profit before tax from £31m in 2011 to £61m for the year ended 31 December 2012.
Swiftcover awarded £17,000 in crash for cash case
Swiftcover has been awarded £3,000 in exemplary damages following the criminal convictions of seven fraudsters.