Motor
Ageas increases profit four fold in first half of the year
Ageas has delivered a remarkable turnaround in its profits for the first half of the year but its combined ratio remains stubbornly above 100%.
Analysts predict a profit surge for Admiral
Admiral is expected to report an increase in revenue and pre-tax profits when it posts half year results on Wednesday, according to reports.
New combined product for motor trade market
MMA Insurance has expanded its motor trade range of products with the introduction of a combined offering.
Profits down in QBE’s European operations
QBE has revealed a significant drop in European insurance profits to £123m for the first half of 2011 compared to £146m for the same period of 2010.
Motaquote will still expand branch network, says Lombard
The chief of CCV-owned Motaquote has vowed to continue to expand its branch network despite confirming the closure of seven of its 14 offices in South Wales.
Trimble warns businesses of grey fleet danger
A survey by Trimble has revealed that 60% of business drivers are unaware that they need to insure their car for business travel if they drive their own vehicle on behalf of their company.
Victor Millwell unveils Aviva Direct deal for motorhomes
Victor Millwell has bought the rights to new policies and renewals for Aviva Direct business on motorhomes.
Allianz partners with Fix Auto UK
Allianz Insurance has revealed that it has partnered with Fix Auto UK for its national accident repair services.
Torrance says legal protection business must change
Allianz UK’s chief executive, Andrew Torrance, has confirmed that the insurer’s legal protection business will have to change “significantly” as he reported flat profit levels in the first half of the year despite a £50m increase in gross written…
Axa Assistance appoints new motor director
Axa Assistance UK has announced that Richard Ware has been appointed director and deputy motor general manager.
Travelers Insurance pulls out of Irish private motor market
Travelers has announced that it is to exit the Irish private motor market as of 1 October 2011.
Cost of riots unlikely to affect market rates
Fitch Ratings has predicted that the losses from the recent rioting across the UK will have no impact on UK insurers' ratings.
Allianz overhauls its motor repair network
Allianz Insurance has restructured its motor repair supplier moving to a consolidated supplier network structure consisting of nine regional repairer groups.
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
GWP growth at Allianz UK
Allianz Group has reported a 4.5% increase in its UK gross written premiums to €533m (£464.5m) in the first six months of 2011, up from €528m in the same period of 2010.
Ageas to be grilled by IIB over Toba changes
The Institute of Insurance Brokers (IIB) is to hold discussions with Ageas in response to member complaints over recent amendments the insurer has made to its terms of business agreements (Tobas).
Brokers will see more of new RSA chief
Adrian Brown has predicted that brokers will see more of Andy Haste’s successor than they see of the current chief executive.
Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
Former Confused.com chief returns with new aggregator model
A new Covea-backed aggregator, due to hit the market early next year, is to be headed up by former Confused.com and Tesco Compare chief, Debra Williams.
Top three in motor a possibility for LV, says O'Roarke
Managing director of LV's general insurance business, John O'Roarke, has revealed the insurer's ambition to reach £1.4bn gross written premium by the end of 2011.
LV's COR down as broker channel grows
LV's half year results have seen the mutual insurer's combined operating ratio (COR) drop below 100 to 98.1%.
Charles Earle hits back at Arista capacity rumours
Arista chief executive Charles Earle has hit back at industry rumours claiming the insurer is being forced out of the motor trade market.
Review: Telematics and fleet in one
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