Esure
Claims environment blamed as Esure motor profits tumble by 80% in H1
Esure’s underlying profit before tax plummeted by 21.3% over the course of the past year, with the figure for the first half of 2015 standing at £46.5m (H1 2014: £59.1m).
Ex-Esure and L&G boss Peter Graham returns with Barbon role
Former Esure and Legal & General insurance boss Peter Graham is poised to return to the UK market as non-executive chairman of Barbon Group, Post can reveal.
Insurers sticking by Autoglass in wake of consumer criticism
Insurers that maintain commercial partnerships with Autoglass have vowed to work alongside the embattled windscreen repairer to address criticism of the firm’s service levels following its decision to scrap its branch network.
Role of PCWs highlighted as insurers hit back against premium finance criticism
The Financial Conduct Authority has been accused of failing to address consumer buying behaviour in the findings of its premium finance thematic review, which singled out insurers and brokers for criticism.
Postman jailed after music festival performance exposes fraudulent claim
A postman who attempted to defraud Esure out of hundreds of thousands of pounds in compensation after exaggerating the effects of a workplace accident has been jailed.
Exemplary damages awarded for ‘very serious' exaggerated claim
Defendant law firm Keoghs has represented insurance company Esure in a case which resulted in both the claimant and their accident management company being ordered to pay exemplary damages totalling £67,250.
Esure posts first quarter GWP increase
Esure has reported an increase in gross written premiums for the first three months of 2015 in an interim management statement released today (7 May).
BGL founder Steyn ahead of Engelhardt and Wood in rich list
BGL founder Douw Steyn is the richest individual in the world of insurance after accumulating a fortune of £700m, according to the 2015 Sunday Times rich list.
Esure tipped to wrestle market share from rivals once rates rise
Esure can win customers from “less efficient UK motor insurers” once motor pricing picks up, according to a report by Berenberg, which has backed the insurer's long-term prospects.
Esure shares drop more than 9% after FY results
Esure shares have dropped 9.58% on 9 March's closing price of 233.8p following its 2014 full year results announcement this morning.
Esure's Vann commends ‘solid' results despite 12.8% profit drop
Esure reported a 12.8% decline in pre-tax profit for the year ended 31 December 2014 with the decrease attributed to costs related to the group's acquisition of the remaining 50% stake in Go Compare.
Competition watchdog approves Esure's Go Compare purchase
The Competition and Markets Authority has approved Esure's proposed £95m acquisition of the remaining 50% share of aggregator Go Compare with the deal expected to complete on 31 March.
Motor stabilisation ‘overplayed’ says Berenberg as it downgrades Esure
Equity analyst Berenberg has downgraded Esure from 'buy' to 'hold', citing "near term dynamics" in the motor market as an issue that is expected to impact the firm.
Lexis Nexis database contains 57% of UK no claims history
The Lexis Nexis’ no claims discount database has grown to contain 57% of the UK insurance industry’s no claims history following contributions from a range of insurers.
Smaller motor players facing market exit amid intense competition
Cut-throat competition and meagre rate rises in the motor market could force smaller players to plot an exit, according to industry analysts, as “brinkmanship” continues among certain insurers over potential price increases.
Insurers warned over SSL phoenix company as ex-staff hit out at former bosses
Former insurer clients of defunct loss adjusting firm SSL have been warned to avoid phoenix company Artemis amid criticism of the company directors’ business practices.
New look IFB technical board to be chaired by Axa fraud boss Davies
Axa global chief fraud control officer Richard Davies has been appointed as chairman of the Insurance Fraud Bureau’s technical board as part of a shake-up that will result in an influx of new board members.
Esure buys remaining Go Compare stake for £95m
Esure has purchased the remaining 50% stake in aggregator Go Compare for £95m giving the price comparison website a valuation of £190m.
Trio sentenced after LV and Esure hit back at £145k crash for cash scam
A trio of crash for cash fraudsters have been handed custodial sentences following collaboration between LV and Esure to bring down a criminal ring.
Personal injury claims on the up in motor as hearing loss claims rise too
Analysts predicting full year squeeze on profitability after Q3 results
Esure motor Q3 motor GWP down 9% after rate battles
Esure has reported a year-on-year 8.8% decrease in motor gross written premiums for Q3 as the insurer seeks to secure increased rates from policyholders.
Standard Life Investments plays down 8% Esure stake as fund decision
Standard Life Investments' decision to take an 8% stake in Esure this month is not an indicator of any strategic plans from its parent life insurer.
IFR retains insurer support despite membership delays
Insurers have reiterated their support for the Insurance Fraud Register despite onerous data standards meaning that half of the UK’s largest motor players are yet to become members.
Insurance Fraud Awards 2014: The winners
Ageas was acclaimed as having the fraud investigation team of the year at last night's Insurance Fraud Awards.