Covea Insurance
Motor book drives MMA leap in profits
MMA has reported a significant growth in profit after tax to £6.36m (2010: £1.14m) in its final set of annual results before it merges with Provident under the new Covea Insurance brand in September
BIBA 2012 Video: Is mandatory commission disclosure inevitable?
Today at Biba we asked attendees about their reaction to the recession and whether it has affected clients.
Friend or Foe: Q&A with Accident Exchange CEO Steve Evans
Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.
Former Powerplace CEO Ball back with new online SME start-up
The former boss of Towergate's online offering Powerplace is back with a new online SME venture which using ex-Coverzones software allows brokers to white label their websites for "quote and buy" policies from a host of insurers.
MMA appoints ex-Ecclesiastical man Casserley as schemes manager
MMA Insurance has named former Ecclesiastical development team member Liam Casserley as schemes account manager as part of a bid to build on 50% growth achieved by the firm last year.
NFU and Ageas pay Accident Exchange undisclosed settlements
NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.
MMA profits from motor turnaround
MMA Insurance has issued its 2011 annual results, the final numbers that will be issued before the business is merged with Provident Insurance to form Covéa Insurance in the final quarter of 2012.
MMA posts £12.1m profit in final results before merger
MMA Insurance recorded pre-tax operating profit of £12.1m in its 2011 annual results, up from £0.3m in the prior year period.
Aviva pays Accident Exchange "seven figure" settlement
Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.
Market moves: Insurers lead Easter recruitment charge
As the industry heads into the Easter break, insurers are, once again, leading the way in the recruitment space.
MMA's Fearn becomes executive deputy chairman of Covéa
Garry Fearn, currently chief executive of MMA Insurance, is to take on a new role as executive deputy chairman of Covéa Insurance.
MMA merger leads to new role for chief exec Fearn
Current MMA chief executive Garry Fearn will take on the role of executive deputy chairman of Covea Insurance from September this year.
Market moves: Aviva shuffles its underwriting pack
Aviva was the major recruiter in the insurance industry this week, announcing a raft of changes to its underwriting team. The insurer promoted four staff to new positions while adding a further employee to the unit.
Kwik-Fit's Green Insurance adds MMA to panel
The Kwik-Fit-owned Green Insurance Company has added MMA Insurance to its insurer panel.
MMA hires Thomson for north east
MMA Insurance has appointed Alexandra Thomson as business development manager for the north east, responsible for the development of broker relationships.
Broker Focus: Schemes - Time to get scheming?
Specialist insurance schemes can offer enormous benefits for niche customers. But do they represent good business — and how can brokers make them successful?
Insurers to pay for Accident Exchange retrials
Major insurers that do not reach a settlement with Accident Exchange could end up paying millions of pounds in legal costs.
Credit hire: Groupama and MMA "close" to agreeing deal with Accident Exchange
Credit hire firm Accident Exchange is said to be "close" to reaching a compromise agreement with Groupama, Provident and MMA Insurance which used Autofocus to demonstrate that Accident Exchange's rates were too high.
Barrere leaves Swinton director role
Former MMA Holdings UK joint chief executive Bernard Barrere has seen his appointment as director at Swinton terminated, according to Companies House filings.
MMA boss Barrere departs double director role
Bernard Barrere's tenure as a director of two of MMA Holdings UK's insurance businesses has come to end, according to reports filed at Companies House.
Editor's comment: Battle of the brands
From scrap yards to scrap heaps. Last week, the industry was getting agitated about the soaring problem of metal theft, while this week it’s more a sad tale of two well-known insurance names finding themselves destined only for the brand graveyard.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.
Reader to unite MMA and Provident
Covéa has appointed Provident’s managing director James Reader to the role of chief executive at the newly merged businesses of Provident and MMA.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.