Brightside
Application fraud: deliberate use of inaccurate information on the rise
The number of opportunistic fraudsters has rocketed with the use of aggregator sites, as some customers deliberately provide inaccurate information in an attempt to get cheaper premiums.
Brightside calls for access to DVLA database to be driven forward
Brightside Group has warned that honest drivers are losing out on cheaper car insurance through a failure of the insurance industry to make immediate changes to the way applications are validated.
Brightside signs up Britannia Rescue
Brightside Group has signed up LV’s recovery arm Britannia Rescue to provide breakdown cover to the 90 000 road rescue customers within its broker division.
Brightside board claims 'record year' in progress update
Brightside bosses are preparing to announce figures for a “record year” in which the acquisitions of E-Systems and eDevelopment have helped contribute to a significant increase in reported earnings per share.
My best 11- Phil Bayles, Aviva
Aviva’s Phil Bayles selects his best XI for an insurance start-up. The director of brokers and key partners opts for a team made up almost entirely of broking stars, aided by Southampton legend Matt Le Tissier as a supporting forward.
Brightside targets £17m technology acquisitions
Brightside is clearing the way for a £17m deal to acquire E-Systems and e-development, according at the group.
Customers revolt over hefty fines as eCar takes zero tolerance approach
Brightside has rebutted policyholder complaints about the practices of its online broker eCar. It follows claims by customers that they have reported the broker to the Financial Services Authority and the Financial Ombudsman Service.
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…
Brightside’s H1 pre-tax profit up 80%
Broking group Brightside has reported half-year revenue up 50% to £39.8m (2010: £26.6m) and pre-tax profit up 80% to £7.2m (2010: £4.0m) on the back of its buyout of eCar and eBike.
Brightside trading update points towards future growth
The Brightside Group board of directors are confident of delivering “substantial growth” for the foreseeable future after announcing an 18% policy sales increase in the commercial insurance business.
Brightside increases premium finance capacity
Brightside has increased its premium finance capacity following an extension of its revolving line of credit with Clydesdale Bank.
M&A - market update: Coming together
Merger and acquisition activity is finally on the rise following a long period of stagnation. Daniel Dunkley looks at what is behind the increase.
Endsleigh faces High Court onslaught over claims costs
Endsleigh Insurance faces a £30m High Court showdown with Gibraltar-based Southern Rock and Markerstudy, over its alleged failure to provide "technically accurate" claims handling for the two companies.
Endsleigh faces High Court onslaught over claims costs - Insurance News Now – 12 May 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including the potential £30m High Court battle facing Endsleigh following its alleged failure to provide “technically accurate” claims handling for Southern Rock and…
Endsleigh faces £30m High Court legal action over claims
Endsleigh faces a £30m High Court showdown with Southern Rock, and Markerstudy, over its alleged failure to provide “technically accurate” claims handling for the two companies.
Brightside director joins STM board
Cross-border financial services provider STM Group has appointed Julian Telling as non-executive chairman with immediate effect.
Brightside looks to diversify as talks held with Arch
Brightside is in talks to add Arch Capital to its panel of commercial insurers, as the broker aims to move into a series of new risks in its commercial portfolio.
MoJ and mobile operators join forces to eliminate text pests - Insurance News Now – 21 April 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including an announcement that the MoJ is to set up a dedicated working group with the UK’s major mobile firm operators to tackle the problem of unsolicited text…
Mapfre agrees £1m GAP deal with Brightside
Mapfre Assistance has been named on a panel of three insurers to provide GAP insurance to Brightside in a deal worth £1m in gross written premiums per year.
Profit up at Brightside after buys
Brightside has reported a profit on continuing operations of £6.5m in 2010, marking a year-on-year increase of £1.8m (2009: £4.7m).
Brightside reports 48% rise in revenue
Brightside increased its revenue by 48.1% to £66.2m in 2010 (2009: £44.7m).
Aviva director joins Brightside
Brightside has appointed Alan Sanderson as chief executive of its insurance broking division.
Brightside swoops for Quote Exchange
Brightside Group has agreed to purchase the entire issued share capital of Quote Exchange Limited for a maximum consideration of £3.7m in cash and the issue of 1,394,700 ordinary shares in Brightside
Brightside still on target despite life arm difficulties
Brightside's broking chairman has insisted the group is on target to meet its general insurance business plan, despite admitting its life offering is "not at the level it had hoped for".