Motor
Brightside to raise £9m for acquisition
Brightside Group is set to raise £9m via the placing of 36 million new ordinary shares in order to part fund the acquisition of the eCar and eBike insurance brands.
Markerstudy joins IFB
Markerstudy Insurance Company, a division of Markerstudy Group, has become the latest company to join the Insurance Fraud Bureau (IFB).
Home and Legacy joins with Westinsure
Home and Legacy has agreed a deal with Westinsure Group to provide additional mid and high net worth (HNW) expertise to its network of independent insurance brokers across the UK.
Ferrari crash lands insurer with huge bill
According to press reports an MOT garage worker wrecked a £245,000 Ferrari on Saturday when he took it out for a test drive.
Lloyd's motor insurer KGM up for sale
Lloyd's motor insurer KGM has been put up for sale by its parent Gibraltar-based Perseverance.
Brit Q1 results reveal drop in gross written premiums
Brit Insurance Holdings has reported a 13.3% drop in gross written premium (GWP) to £483.5m in the first quarter of 2010 (2009: £557.6m), a decrease of 9.9%
Broking Success: Niche is the word
Emmanuel Kenning meets a Blackburn Rovers fan who started his career on La Réunion, 200 miles east of Madagascar in the Indian Ocean, and is eager for broking to improve its image.
Quinn allowed to sell all car insurance again in the UK
Irish insurer Quinn is back in the UK but has acknowledged it will need to implement significant price changes.
News review: April 2010
Capita Insurance Services set its sights on becoming the largest niche motor broker in the UK, according to the managing director of its most recent acquisition Sureterm Direct.
Solicitors' PI: Quinn: the warning signs
Edward Murray traces Quinn Insurance's somewhat chequered history and asks why regulators allowed it to remain an approved insurer for so long before finally forcing it into administration last month.
E-commerce: Internet rules UK personal lines distribution market
The internet is fast becoming the "only" way to purchase personal lines insurance in the UK as online customers become less loyal and more price sensitive, according to a recent consumer survey.
Schemes news: Equity to provide 'Honda Happiness' motor cover
Honda UK has appointed Equity Direct Broking (EDB) to administer its car and motorcycle insurance schemes.
News: Motor premiums predicted to rise full throttle through 2010
Although car insurance premiums have stalled in the first quarter of 2010 they are expected to rise steeply during the rest of the year, according to research.
News: LV motor book inspires similar growth throughout business
LV Broker managing director, Phil Bunker, has set a target of £100m gross written premium (GWP) for the insurer's small business book by the end of the year as it announced a dramatic turnaround in its financial performance.
News: Allianz committed to grow motor book with brokers
Allianz Commercial has signalled its intent to work closely with regional brokers to grow its motor trade book by 11%.
News: Quinn UK ban reversed
Quinn Insurance has been given permission to re-enter the UK market despite an earlier decision by the Irish regulator preventing it from writing new business in the country.
Carter to head up new joint Fortis and Tesco venture
Fortis Insurance UK and Tesco Bank have unveiled the structure of their general insurance partnership.
New Lloyd's underwriting agency launched
A new Lloyd’s underwriting vehicle, backed by Hiscox, has begun trading in the automobile and mobile equipment industries.
Car insurance premiums have stalled in Q1, says AA
The latest AA Insurance British Insurance Premium Index shows that car insurance premiums have stalled during the first quarter of 2010.
Rival targets broker market
Direct insurer Rival Insurance is venturing into the intermediary market with an online self drive hire fleet offering.
Quinn welcomes regulator's decision
Quinn Insurance said it was pleased with the Financial Regulator's decision to allow it to offer private motor insurance for provisional licence holders.
Junction snaps up Bradford & Bingley's motor and home insurance business
Junction, the affinity specialist intermediary, has announced its acquisition of Bradford & Bingley’s motor and home insurance business.
The Financial Regulator revises stance on Quinn
Quinn Insurance is to be allowed to write provisional motor insurance in the UK.
Motor insurance hikes continue, according to Confused.com
Confused.com, in conjunction with EMB Car Insurance Price Index, has released its results of first quarter 2010.