Motor
Admiral's shares overvalued according to asset management firm
Asset management firm Investec has delivered a withering report on the value of Admiral’s shares advising investors to sell and describing the value of the shares as the “epoch of incredulity”.
Ageas looks to Groupama for new household underwriting chief
Ageas has appointed Groupama’s head of household as its new head of household underwriting.
Three arrests in Liverpool over cash for crash fraud
Three people have been arrested in Liverpool as part of an on-going investigation into a suspected cash for crash fraud operation estimated to be worth more than £1m.
UK motor insurance industry COR improves to 106%
UK motor insurers reported a net combined ratio of 106% as the market grew by 10% to reach £14bn in premiums in 2011, according to figures from Deloitte.
Record number of complaints to Ombudsman as PPI continues to dominate
The Financial Ombudsman Service has received a record number of complaints for the fifth year in a row as complaints about the selling of payment protection insurance (PPI) continue to pour in.
Aviva boosts motor fleet team in the North West
Aviva has appointed Andrew Howell as a motor fleet development underwriter.
Ageas commercial COR improves to 104.1%
Ageas UK has revealed that its commercial business produced a combined operating ratio of 104.1% for the first three months of 2012.
Groupama wins place on Sky Insurance panel
Groupama Insurances has signed a deal with Sky Insurance Services to provide cover for modified, prestige and performance cars.
Ageas sees profits soar as ratio improves
Ageas UK has announced an 11.1% increase in income to £513.3m in the first quarter of 2012 compared to the same period last year.
Axa UK delivers significant growth in commercial lines and household
Axa's general insurance business delivered nearly €10bn (£8bn) in premium in the first quarter of 2012, the UK contributing €996m of that total.
Jelf's profit improves while revenue remains stable
Jelf Group has reported a 10% improvement in operating profit in the six months ended March 2012 to £1.6m, up from £1.5m in the same period of 2011.
ALPS launches new product range following broker consultation
Auto Legal Protection Services (ALPS) has launched a range of six legal expenses insurance (LEI) and assistance products.
Sometimes insurers are the victims ... no, really.
Without doubt my favourite story of the last week was that of the Limerick man who went on hunger strike in protest at Axa’s refusal to pay out on a €24,000 motor claim. Hunger strike is a particularly extreme reaction and particularly emotive in that…
RSA reports positive start to 2012 with premiums up 5%
RSA has reported a 5% improvement in net written premiums in the first three months of 2012, up to £2.2bn from £2.1bn in the same quarter of 2011.
AA calls for less talk, more action on whiplash claims
The AA has called for the government to take action on whiplash, and said it hopes the second insurance summit will be the “last talking shop”.
ABI accused of playing 'cynical and duplicitous game' over portal fees
The Association of British Insurers (ABI) has reportedly advised members to start negotiating with offers of £150 for legal fees in low value claims.
Products: Groupama signs up for Brightside Group’s motorbike scheme
Groupama has signed two new scheme deals in as many weeks; one covering motorbike risks and the other non-standard motor.
Industry frets over motor premium drop
Survey reveals drop in premiums, which may be good news for drivers but brokers are not so sure
Products: Lumley Jacobs signs up forensic coding partner
Non-risk and income specialist Lumley Jacobs has signed a deal to supply Tradewise with a branded forensic coding system. The company will incorporate the forensic coding within its proposition for motor trade and commercial vehicle customers.
Income pressure to hamper premium recovery until 2015
Non-life premiums will not recover to 2003 levels until after 2015, according to the Ernst & Young ITEM Club Outlook for financial services.
Broker Direct seeking similar deals following Zurich win
Broker Direct has won the contract to distribute Zurich-branded personal lines motor and household products through regional brokers.
Admiral reports improved turnover for Q1
Admiral Group increased its turnover to £586m in the first quarter of 2012, up 9% from £539m in Q1 2011.
Amlin UK reports 7.1% improvement in GWP
Amlin UK has reported gross written premium (GWP) of £312.4m for 2011, up 7.1% from the 2010 figure of £291.8m.
Young women drivers face premium hikes of 25% in 2013 warns AA
Average motor premiums fell in the first quarter of 2012 but rose for young women drivers, according to figures from the AA.