Esure
UK motor prices to remain flat in 2016, as insurers drive competition
Increasing competition from insurers will cause prices for UK motor insurance to stay flat throughout 2016, according to a Macquarie report.
Esure sees Q1 GWP growth of 15.5%
Esure has seen its gross written premiums rise by 15.5% to £151m in the first quarter.
Admiral boss Engelhardt and ex-Saga De Haan brothers top rich list for insurers
The Sunday Times' Rich List has placed departing Admiral CEO Henry Engelhardt at 164 in its annual rankings, equal to BGL founder Douw Steyn but behind the De Haan brothers, Sir Roger and Peter.
Admin fee transparency in the spotlight as insurers report 2015 results
Insurers' reporting of administration fees and non-risk income came under scrutiny in the 2015 full-year results reporting period as firms' balance sheets were dominated by commercial flood losses.
RSA technical analytics head Turner joins Esure
Esure Group has hired RSA’s Nick Turner as head of claims data and analysis.
Vann to drive home growth at Esure with 'test and learn' approach
Esure is adopting a “test and learn" approach to expanding its home insurance footprint in a bid to quote for a wider UK demographic once rates improve.
Underlying profit drops at Esure amid challenging market in 2015
Esure recorded a deterioration in its combined operating ratio to 97.8% in 2015 (FY 2014: 91.9%) as underlying profit dipped by 22.7% to £82.9m (FY 2014: £107.2m) amid “highly competitive” market conditions.
Esure responds to Lords on whiplash debate
Esure has responded to a House of Lords debate in which one of its cases was used as an example of why the UK is known as the "whiplash capital of the world".
GI CEO's urge against IPT increase in letter to Osborne
Twenty-three general insurance executives have written to Chancellor of the Exchequer George Osborne ahead of the 16 March Budget announcement, urging against a further increase in insurance premium tax.
Scam sees three convicted over £10k Esure claim
Three people have been sentenced in a crash for cash scam uncovered by Esure, with the Insurance Fraud Enforcement Department appealing for information to find a fourth person wanted in connection with the fraud.
Price Comparison Websites: No comparison
There are plenty who would celebrate their demise, but despite regulatory scrutiny, price comparison websites remain strong
Advertising costs and competition major deterrents to insurers entering aggregator space
Sky-rocketing advertising costs and an already competitive market have been cited as potential deterrents for any insurers considering entering the aggregator space after an Accenture report estimated 83% of UK firms were contemplating such a move.
Director of Content’s Comment: Is the timing for listing right?
The news that BGL is looking at a prospective initial public offering has raised a number of questions.
Blog: Five things that could determine whether BGL goes IPO or stays indie
The news that BGL Group is looking at the possibility of an IPO should not come as a surprise.
Value of £1bn mooted as analysts give thumbs up to BGL float
Market analysts have given their seal of approval to BGL Group’s potential listing on the London Stock Exchange, with one analyst suggesting the entry could be valued at more than £1bn.
Anti-competition concerns quelled as insurers back subrogation portal
The use of electronic portals for subrogation claims is set to become widespread among motor insurers as concerns such systems could be anti-competitive were quashed by the first companies to use the technology.
Rate reductions mooted as industry calls on government to follow NI lead on GDL
Pressure is building from the insurance industry on government to introduce graduated driver licensing across the rest of the UK, following the roll out of new laws for young drivers in Northern Ireland.
Esure secures insurance fraud verdict over Breitling claim
Esure has won a victory in the fight against insurance fraud after a man was found guilty after falsely claiming on his home insurance policy for a £6000 Breitling watch he never owned.
Esure appoints from DLG for senior underwriting role
Esure Group has appointed David Meader from Direct Line Group as head of motor underwriting.
Esure GWP rises 5% at nine month stage as rating actions bed in
Positive rating actions and footprint expansion in home and motor lines of business have seen Esure increase gross written premium by 5% to £430.5m in the first nine months of 2015 (9M 2014 £410m).
Esure appoints RSA's Hughes to claims role
Esure has appointed former RSA commercial claims director Graham Hughes as its head of claims.
Hastings to float with negative tangible equity, research house claims
Research firm Macquarie has predicted that the upcoming Hastings initial public offering will raise £180m for the company, but it will begin its life on the stock market with negative tangible equity.
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.
Miss England contestant and semi-pro footballer jailed for whiplash fraud
A former Miss England contestant and ex-semi-pro footballer has been jailed for two months alongside another woman after attempting to defraud Esure out of £3000 for a false whiplash claim.