Motor
ABI calls on government to help insurers provide best deal
The Association of British insurers (ABI) has insisted the government needs to tackle the UK’s compensation culture if motor insurers are to provide customers with the best deals.
Transactor wins motorcycle broker deal
Transactor Global Solutions (TGSL) has developed a call-centre and website solution which allows aggregator integration in 14 weeks, for Principal Insurance, a motorcycle insurance broker.
Broker subsidiary comes under fire for cancellation policy
Brightside subsidiary, Ecar, has come under fire for refusing up to 25% of applications for motor insurance following an investigation by Radio Five Live.
More Than to provide online claims tracking service
More Than has launched a new e-claims service which allows customers to track their online claims.
Admiral issues profit warning over PI claims
Admiral warned that personal injury claims continue to impact the business’ profits as it announced its third quarter results.
Profits and growth at Ageas
Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.
Groupama restructures Manchester operations
Groupama has made a series of changes to its Manchester operation as it bids to grow its online business and commercial book.
‘Strategic’ decision delays aggregator offering
The launch of a new aggregator due to hit the market early in 2012 has been delayed as part of a ‘strategic decision’.
Personal lines growth drives up NWP at RSA
RSA has reported UK personal lines Q3 net written premiums were up 13% to £1 036m, with commercial lines up just 2% to £1 282m. Overall the UK was up 7% to £2 318m.
Esure launches two new broker brands
Esure has launched two new broker brands as it bids to broaden its risk appetite in the motor market.
More change in HNW sector as RK Harrison acquires fellow broker
RK Harrison Group has had a bid to buy high net worth specialist Mercury West Associates (MWA) accepted.
Review: Keeping the wheels turning
ABC Car from LV Broker. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Products: Aviva launches product to cover multiple cars
Aviva has launched MultiCar a new motor product that can cover up to five vehicles for families living under the same roof. Business vehicles can also be included provided they are all registered at the same business address.
RBS offered £4bn for insurance division
Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.
Insurance Age blog: Faking your own death
A whole month since my first blog. By now of course I've gained enough expertise to rant and rave about all manner of things insurance-related, which is particularly impressive to my friends and relatives who have all recently discovered how glamorous…
Allianz rolls out fleet changes
Allianz has unveiled new motor fleet products in a move to separate small fleet cover from that for mid to large businesses.
Aim restructures following difficult year
Aim Legal Expenses has undergone a restructure following a “period of uncertainty”.
Axa reveals 1% growth in UK P&C business
Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.
Video: What the Papers Say
Joining Insurance Age editor, Martin Friel, for this month's round-up is Dan Tunna, external communications at Allianz, and Emmanuel Kenning, features editor at Insurance Age.
North West top for bodily injury claims
Research from the Institute and Faculty of Actuaries has shown the North West of England to be the leading hot spot for private car insurance claims involving bodily injury.
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Car premiums stall but home still rising
The latest AA British Insurance Premium Index has revealed a small 0.3% fall in car insurance premiums while buildings insurance rose by 4% in the third quarter of 2011.
Labour Party criticised for generating referral fees
The Daily Mail has reported that the Labour Party has received over £350,000 in donations from personal injury lawyers.