Esure
Facebook backer provides Hyperion ‘vital stepping stone’ towards IPO
An initial public offering is firmly back on the agenda at Hyperion after it struck a deal that sees public company investment specialist General Atlantic take a 30% stake in the international intermediary.
News Review: Winslow promoted in BGL reshuffle
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
Esure lists with £1.21bn market cap
Esure has set its sights on entering the FTSE 250 Index after setting its offer price at 290p per share as it begins conditional dealings on the London Stock Exchange today.
RBS dismisses links between stock sale and timing of upcoming Esure float
The second tranche of Direct Line Group shares may have been rushed to market in order to get ahead of the float by Esure, according to analysts.
Esure aims for £1.14bn market cap
Esure has set its indicative price range for its proposed float at set at 240p to 310p per share.
Success of Esure float boils down to accurate pricing in current market
Esure could err on the side of caution when it comes to pricing its stock as it aims to follow Direct Line Group onto the London Stock Exchange, analysts have suggested. The personal lines insurer confirmed plans to float as it revealed its 2011 result.
Wood will continue to hold 'vested interest' in Esure after IPO
Peter Wood is expected to remain Esure’s largest single shareholder by holding in excess of 30% of the shares following its planned float on the London Stock Exchange.
Esure confirms IPO intention as improved COR of 92.8% is chalked up
Esure chairman Peter Wood has this morning confirmed the intention of his firm to proceed with an initial public offering.
Scottish Independence: Scot free?
With a referendum on Scottish independence due next year, will an independent Scotland cause problems for the insurance sector, or is it business as usual?
Esure IPO to be filed ‘within days’
Esure is considering filing a formal intention to float within days, according to the Financial Times.
Insurers seek investigation into comparison site clauses
Motor insurers have pleaded with the Competition Commission to perform a U-turn and investigate the use of ‘most favoured nation' and ‘best price' clauses by aggregators – an omission that has been labelled "beyond belief" by one player.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.
Biba: female drivers could face 40% hike in premiums
Insurers have played down pricing implications for young female drivers ahead of the introduction of the EU Gender Directive next week, despite claims that premiums could rise by as much as 40%.
Unhappy investors uncover Drive Assist debtor discrepancies
Discrepancies over Drive Assist's debtors are said to have played a part in the company's downfall and resignation of founder Steve Binch, Post understands.
Market moves: Giles' three appointments top the list
This week, broker Giles continued its expansive recruitment strategy by making three new appointments, including two branch directors and a development director for corporate risks.
Esure reshuffles board with three appointments
Esure Group Holdings has appointed group finance director Andrew Whitehouse to become the insurer’s first chief risk officer.
Analysts point to Go Compare MBO as Esure prepares for IPO
Commentators believe it is "no coincidence" that Go Compare is to strategically review the business as its major shareholder Esure gears up for a float, some suggesting that the aggregator might stage a management buyout.
Go Compare reacts to sale rumours
Aggregator Go Compare has played down rumours of a sale, stating "nothing has changed".
Go Compare boss to consider sale
Go Compare boss Hayley Parsons has reportedly appointed advisors to look at selling the aggregator.
Esure founder could quit Britain
Esure founder Peter Wood, pictured, is considering relocating to Jersey to escape the UK's tax burden.
Insurance Fraud Awards 2012 - The winners
Guests were welcomed to the 2012 Insurance Fraud Awards at The Brewery in London by Jonathan Swift, chairman of the judging panel, who congratulated the industry on its efforts to raise the profile of insurance fraud as a topic worthy of debate and…
Zurich scoops trio of Insurance Fraud Awards
Zurich was the main winner at the Insurance Fraud Awards last night, picking up three gongs.
Expert analysis: Aggregator assessment
A continuing drop in motor premiums and a rise in instalment charges are just two trends identified by the latest market analysis.
Direct Line float will test the waters for IPO sentiment
A Direct Line Group initial public offering will be one of the UK's biggest ever general insurance listings, including Admiral's flotation in 2004, according to market experts.