Esure
Analysts warn Direct Line is playing "catch up" on costs base despite 2000 job cuts
Liverpool, London and Croydon offices due to close in expanded cuts programme.
Post Audio Supplement - 13 June 2013
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Esure to be confirmed as FTSE 250 member
Esure is expected to be confirmed as a member of the FTSE 250 at the index series’ quarterly review this evening.
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
Hastings weighing minority stake sale
Hastings Insurance Group is plotting the sale of a stake in the business, with management retaining "a significant shareholding".
Quindell model calls for clarity after shares plummet
Speed and volume of deals have caused confusion
Sheilas’ Wheels Facebook distribution extends to broker platform
Esure has expanded its Sheilas’ Wheels Facebook distribution channel to offer premiums for Sheilas’ Wheels Broker, in order to enable customers to get quotes from a wider panel of insurers.
Expertise-in-Action: Claims fraud - Contagion
Despite the insurance industry's valiant efforts, fraud is spreading through the market place like a virus. What can be done to stop the rot?
Esure to re-enter parts of motor market as GWP grows 1.6%
Esure is gearing up to re-enter less profitable parts of the motor insurance market as a result of recent personal injury reforms.
Facebook backer provides Hyperion ‘vital stepping stone’ towards IPO
An initial public offering is firmly back on the agenda at Hyperion after it struck a deal that sees public company investment specialist General Atlantic take a 30% stake in the international intermediary.
News Review: Winslow promoted in BGL reshuffle
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
Esure lists with £1.21bn market cap
Esure has set its sights on entering the FTSE 250 Index after setting its offer price at 290p per share as it begins conditional dealings on the London Stock Exchange today.
RBS dismisses links between stock sale and timing of upcoming Esure float
The second tranche of Direct Line Group shares may have been rushed to market in order to get ahead of the float by Esure, according to analysts.
Esure aims for £1.14bn market cap
Esure has set its indicative price range for its proposed float at set at 240p to 310p per share.
Success of Esure float boils down to accurate pricing in current market
Esure could err on the side of caution when it comes to pricing its stock as it aims to follow Direct Line Group onto the London Stock Exchange, analysts have suggested. The personal lines insurer confirmed plans to float as it revealed its 2011 result.
Wood will continue to hold 'vested interest' in Esure after IPO
Peter Wood is expected to remain Esure’s largest single shareholder by holding in excess of 30% of the shares following its planned float on the London Stock Exchange.
Esure confirms IPO intention as improved COR of 92.8% is chalked up
Esure chairman Peter Wood has this morning confirmed the intention of his firm to proceed with an initial public offering.
Scottish Independence: Scot free?
With a referendum on Scottish independence due next year, will an independent Scotland cause problems for the insurance sector, or is it business as usual?
Esure IPO to be filed ‘within days’
Esure is considering filing a formal intention to float within days, according to the Financial Times.
Insurers seek investigation into comparison site clauses
Motor insurers have pleaded with the Competition Commission to perform a U-turn and investigate the use of ‘most favoured nation' and ‘best price' clauses by aggregators – an omission that has been labelled "beyond belief" by one player.
CC receives wave of industry response to private motor insurance investigation
Opening responses to the Competition Commission’s investigation into the private motor sector have been received from a variety of interested parties.
Biba: female drivers could face 40% hike in premiums
Insurers have played down pricing implications for young female drivers ahead of the introduction of the EU Gender Directive next week, despite claims that premiums could rise by as much as 40%.
Unhappy investors uncover Drive Assist debtor discrepancies
Discrepancies over Drive Assist's debtors are said to have played a part in the company's downfall and resignation of founder Steve Binch, Post understands.
Market moves: Giles' three appointments top the list
This week, broker Giles continued its expansive recruitment strategy by making three new appointments, including two branch directors and a development director for corporate risks.