Motor
Axa chief hails 'one-off' CL opportunity
Axa Insurance is preparing to unveil a restructure of its commercial division after revenues in the first six months fell by 18% year-on-year.
RBSI CEO cries injustice as it is hit with 30 PPOs
Royal Bank of Scotland Insurance's decision to strengthen its reserves by £320m in lieu of bodily injury claims has contributed to an operating loss of £253m in the first six months of the year.
Sabre to join Provident on Tesco panel
Sabre is poised to join Provident Insurance on Tesco Bank's specialist motor panel, Post has learnt.
IFB joins forces with City Police as Cheatline calls reach all time high
The Insurance Fraud Bureau is to support City of London Police with 'Wise Up', a three week fraud awareness campaign which begins on 18 August.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Groupama UK profits up 30% to £13.7m for H1 2010
Groupama's combined UK operations have recorded a pre-tax profit of £13.7m for the first six months of 2010 (H1 2009: £10.5m).
Aviva GI CEO: motor rises to continue
Customers can expect motor insurance premium rates to continue rising as a result of sustained inflation in claims costs, Aviva general insurance chief executive David McMillan has said.
RSA results reveal 9% NWP growth for H1 2010
Insurer RSA’s UK net written premiums increased by 9% year on year to £1.46bn in the first half of 2010 (H1 2009: £1.34bn) according to its latest financial results.
Aggregator spend to shift to emerging markets
The success of price comparison sites in the motor insurance market will be replicated in other personal lines, key aggregators have claimed.
L&G to roll out household TV ads after admitting motor re-entry is on hold
Legal & General has admitted that it has put plans to re-enter the motor market on hold.
Axa CEO: we will remain loyal to UK motor broker market
Axa Insurance's chief executive has pledged a commitment to the intermediated personal lines motor market.
Moneysupermarket sees insurance reveune increase 9% to £40.6m in H1 2010
Moneysupermarket this morning reported that revenue from its insurance division for the first six months of 2010 increased 9% to £40.6m (H1 2009: £37.1m).
Penny Black's insurance week
Last week you couldn't move for publicity about Boris Johnson's Barclays Cycle Hire project in London. What a shame, then, that the London mayor and his regional transport team's goodwill towards the oxygen of publicity did not extend to the North-west…
View from the top: Looking for opportunities
In my regular discussions with clients, I am constantly impressed by the innovative ways in which they are meeting the challenge of growing their business, not just in the current financial climate, but in facing the radical economic shift that lies…
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Allianz claims industry first with dedicated liability fraud team
Allianz Insurance is on course to make casualty insurance fraud savings of more than £10m, after setting up a specialist fraud team.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.
Defaqto: significant variation in legal cover for uninsured loss recovery
Findings from a Defaqto study have revealed “significant variations” in comprehensive motor insurance policies, for those looking to reclaim costs for uninsured losses.
New learner driver insurance can help pass rates, says AA
The AA has started offering new insurance cover for learner drivers which it says won’t affect the car owner’s own insurance, and may help improve pass rates.
Liberty Syndicates enters UK motor market
Liberty Syndicates is entering the UK and Irish motor insurance markets through the hiring of a team of specialist motor underwriters.
An in-depth review of the general insurance market in Italy
Despite the introduction of the ‘Bersani law’ looking to liberalise the Italian general insurance sector and increase competitiveness, brokers still have a long way to go to impact on the agent dominated market. But with untapped potential in the market…
Fresh selects Open GI for certificate support
Midlands-based broker Fresh Insurance has chosen Open GI as its technology provider for the distribution of electronic motor insurance certificates.
Aggregators “dominating” personal lines market
Research by advisory firm Deloitte has revealed that 40% of consumers have purchased a non-life insurance policy via a comparison site in the last year.