Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
Direct Line will launch a business called Darwin in the next quarter focused exclusively on sales from price comparison sites.
Go Compare is expecting differential pricing to grow more pronounced this year, potentially buoying the company’s flagging motor comparison business.
The regulator has issued a warning to insurance companies not to use Brexit as “an excuse to offload customers”.
Go Compare saw revenue from its price comparison business fall by £4.8m as a result of “lower customer switching activity”.
Former employees of failed insurance lead generator Call Connection are among the creditors seeking reparation, according to an interim report into the administration of the firm.
Axa UK and Ireland saw a combined operating ratio of 98.4% for its property and casualty business, an improvement on the 99.1% in the previous year.
Insurers have issued a warning over the increasing toll that European Union regulation is having on employees.
Canopius is looking to acquire Amtrust’s Lloyd’s syndicates, making it one of the top five managing agents in the market.
Allianz and LV will complete the transfer of personal and commercial lines between the two insurers by the end of the year.
Allianz has warned over a potential rise in fraud this year should there be an economic downturn following a no-deal Brexit.
Exclusive: Sedgwick has completed its integration of Cunningham Lindsey and is looking at further acquisitions for the coming year.
A hearing over the future of beleaguered insurer CBL has been postponed again in order for creditors to explore a rescue plan.
Watchstone has ring-fenced £50.2m in anticipation of a costly court battle with Slater & Gordon later this year.
Lemonade reduced its loss ratio to 99% in Q4 of last year, despite exposure from the California wildfires.