Insurance has come under fire for the way it prices policies. Jonathan Davidson, director of retail at the Financial Conduct Authority, discusses the problem with Martin Croucher
Applied Systems has secured a “nine figure” cash injection from a Google investment firm in a move that will further drive growth at the company.
The last few months have seen some major executive changes across the UK’s largest insurance companies.
Gilles Normand has stepped down from the CEO job at Swinton following its acquisition by Ardonagh.
Compare the Market owner BGL Group has seen underlying pre-tax profits soar by 16% in spite of its abandoned initial public offering.
Brightside saw pre-tax losses of £10.2m last year, but incoming CEO Brendan McCafferty said there is “no need to alter strategy”.
Coverys is in talks about buying three large books of business in run-off, the company said.
Exclusive: Brokers have been seeking alternative premium finance partners as backup in the wake of the Premium Credit outage.
The super complaint over dual pricing is likely to result in “serious and profound” change in the insurance market, analysts believe.
Motor managing general agent Hedgehog aims to reach £20m in gross written premium in its first year of operations, following its launch in Q4.
Scor’s CEO has slammed an activist investor for “baseless accusations and threats” over a rejected takeover bid from Covéa.
Insurers have warned of an extra layer of bureaucracy for drivers in the form of ‘green card’ permissions to drive in Europe, if a no deal Brexit occurs.
Lloyd’s H1 pre-tax profit was down 51% on the same period last year, even as the Corporation saw improvements in its combined ratio.
Customers of a failed Leicester broker could be in line for compensation from the UK’s guarantee scheme.
Hundreds of customers have been unable to secure premium finance after the UK’s largest provider saw its services go offline following a “cyber incident”.