AA
AA posts reduced profit in first results since IPO
AA posted a 1.6% increase in revenue from £484.1m to £491.7m in its maiden half year results following its initial public offering in June.
Gaywood takes up AA fraud role
Steve Gaywood has been appointed counter fraud head at AA Technical Solutions.
CEO Jansen and CFO Boland to leave the AA
The AA chief executive Chris Jansen has resigned from the board of the roadside assistance company “by mutual agreement”.
Analysts criticise insurers’ use of reserve releases for distorting H1 results picture
Admiral boss Engelhardt calls focus on reserves in financial reporting ‘bizarre’
RAC’s private equity owner mulls September IPO
The RAC’s private equity owner Carlyle Group is considering a stock market float in the mould of rival roadside assistance firm the AA Group.
AA index reports 6.1% motor premium decrease
Latest results from the AA British Insurance Premium Index show a 6.1% decrease in annual comprehensive car insurance premiums to £504.59 for the three months ended 30 June.
Insurance business crucial to future growth at the AA, claims Connor
AA Insurance Services managing director Janet Connor believes her recent appointment serves to highlight the growing emphasis the AA places on insurance.
Unipart Automotive axes 68% of staff as it enters administration
One of the UK’s largest independent suppliers of car parts, workshop consumables has entered administration making 1244 staff redundant.
Little Chef turnaround firm 'in talks' to buy Unipart Automotive
Venture capital firm R Capital is in talks to buy beleaguered motor repair firm Unipart Automotive, Post understands.
Motor customers paying up to 90% APR for monthly instalments
Motor insurance customers are being charged annual interest rates of up to 90% for choosing to pay in monthly instalments rather than an annual sum, according to research.
AA planning £4bn IPO - reports
The AA's parent group Acromas is expected to announce a £4bn IPO of the insurer, according to reports.
More Than MD Connor departs to lead AA Insurance
The AA has hired More Than managing director Janet Connor to take on the newly created role of MD of its insurance business.
One in three homeowners make no effort to protect valuables
A third of homeowners make no effort to either conceal or protect their valuables in case of burglary other risks, according to a survey from the AA.
Saga lowers float price range
Saga has narrowed the price at which it will sell shares in an upcoming London Stock Exchange floatation, moving towards the lower end of the range.
AA launches comprehensive household product
The AA has launched a home insurance policy offering unlimited cover for buildings and contents as well as increased cover for personal possessions.
Saga confirms £550m float plans
Saga has formally declared its plans to launch an initial public offering for at least 25% of the business, raising £550m.
Editor's comment: Time to walk the walk on service
If I had a pound for every time I heard the phrase ‘the customer is key’ or we are putting the customer at the ‘heart of the process’, I would be less worried about paying into my son’s college fund.
Union bosses to protest AA debt loading ahead of Saga float
GMB union leaders will hold a protest outside the London Stock Exchange on Wednesday over the expected loading of £4bn debts on the AA motoring organisation once Saga floats.
Home and motor premiums continue downward slide in Q1
Home insurance premiums continued to fall in the first quarter of 2014, despite the winter flooding and storms that affected many parts of the UK, according to the latest AA British Insurance Premium Index.
Biba and Acturis price index shows 5.5% drop in Q1 rates
Consumers paid 5.5% less on insurance in the first quarter of the year compared with Q1 2013, according to the British Insurance Brokers’ Association and Acturis’ insurance price index.
Firms deny dodging referral fee ban as select committee prepares ABS report
MP concerned insurers are using alternative business structures to circumvent ban.
AA survey highlights pothole 'crisis' as claims skyrocket
AA president Edmund King is calling on politicians to recognise the “crisis” impacting UK roads after a survey by his organisation showed that a rising number of motorists rate local roads as being in a ‘terrible condition’.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
Insurers reject campaign to include previous premiums on renewal letters
Swiftcover is only firm in Which? survey to inform customers of last year’s price.