Motor
Hastings opens first high street branch
Hastings Direct has taken its first step towards building a network of high street branches in the south east region, by opening its first branch in Bexhill-on Sea.
LV set to open Huddersfield office
LV has announced plans to open a new office in Huddersfield creating 75 jobs in the region.
Adrian Flux commercial vehicle line goes live
Transactor Global Solutions open market commercial vehicle quotation system has been implemented by Adrian Flux Group, to run alongside its existing motorcycle and private car lines of business.
Broker Technology - Motor: Making IT accurate
The British Insurance Brokers' Association is urging its members to sign up to DVLA vehicle registration validation technology. Stephanie Denton looks at why 80% of regional brokers don't use it.
Helphire in talks to cut non-GTA deals
Credit hire operator Helphire has revealed it will complete scaling down its business by June, after posting a loss of £400 000 in the second half of 2009.
Allianz ups motor rates by 24% in 2009
Allianz's UK profit rose 5.2% to £203.7m in 2009 despite a 5.4% fall in gross written premium in its retail division to £579.9m as a result of corrective action on private motor rates, which increased by almost a quarter.
Admiral: no sacred cows
Admiral has admitted there are "no sacred cows" among its burgeoning international operation, but that it remains committed to the loss making insurance businesses for now.
RSA seeks credit hire efficiency
RSA is exploring the use of bilateral agreements as way to drive efficiency into credit hire arrangements.
AI Claims wins "significant" intermediary deal
Credit hire firm AI Claims reported revenue increased by 59% to £38.2m (2008: £24.0m) for the six months ended 31 December 2009. Its EBITDA increased by 26% to £1.548m (2008: £1.225m) and adjusted profit before tax increased by 27% to £906k before IFRS 2…
Jubilee announces new senior appointments
Jubilee has today announced the next stage of its strategic growth plans with Clive Buesnel as their new group chief executive officer and Andreas Loucaides as group development director.
Compare expands to meet demand
Compare the market has expanded with three new appointments, director of insurance partners, director of money and senior manager for life and general insurance.
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.
Interview - Jeremy Fawcett: Changing the game
Insurers must avoid knee-jerk reactions to the rapidly changing world of social media, warns Jeremy Fawcett. Despite its escalating influence, brands should look twice before leaping, he tells Jonathan Swift.
Groupama to up motor rates by 10% for 2010
Groupama Insurances UK chief executive Francois-Xavier Boisseau has vowed to increase private motor rates, pinpointing the division as the "only culprit" for the insurer's fall in profits.
PI victory highlights bus fraud threat
Provident has claimed a victory for the insurance industry after it avoided a potential cost of £200 000 in fraudulent personal injury claims.
Ebrands look to panel
Brightside insurance director Arron Banks has revealed plans to double the gross written premium of underwriting businesses Ecar and Ebike to over £200m by moving the products to panel arrangements.
MIB reduces levy on insurers for third year
The Motor Insurers' Bureau has introduced an annual levy on motor insurers of £397m for 2010, marking the third reduction in contributions to the fund of last resort in three years.
Axa MGA stance leads to 13% cut in volumes
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Spanish insurance industry suffers under weight of recession
Spanish insurers will continue to see their profitability squeezed as a result of the tough economic environment, according to Moody’s.
Moneysupermarket sees insurance transactions fall 14% in 2008
However, insurance made up 55% of the revenue (£75.7m), compared to 44% in 2008 despite a slight drop from £77.7m that year.
Markerstudy completes Zenith deal
Markerstudy Holdings has completed the purchase of Zenith Insurance incorporating Link Underwriting Agency and GHL Insurance Services, after receiving approval from the Financial Services Authority.
ALA Insurance Brokers launches GAP motor insurance product
ALA Insurance Brokers has unveiled a new GAP motor insurance product, which the intermediary claims is the first to use independent vehicle valuation data.