Provident
Covéa Insurance CEO Reader looking ahead following official launch
Covéa Insurance, the business formed following the merger of MMA Insurance and Provident Insurance, has been officially launched today.
Covea's Reader makes jobs cut pledge
The merger between MMA and Provident will not result in mass redundancies, chief executive of the newly created Covea Insurance James Reader has told Post.
Post Top 100 UK Insurers Supplement: Brand analysis - Survival of the fittest
Belt-tightening, regulation and rising costs have proved a challenging triumvirate for the industry. But, while some insurance brands have faltered, others have prospered.
Temp Cover eyes £24m turnover target
Short-term insurance broker Temp Cover has hired three associate directors who will play a key role in helping the business double its £12m income in the next three years.
Post Claims Club chair's monthly missive: Beach volleyball and insurance sop
On Wednesday this week I received an email from a Claims Club regular I have been in discussion with about speaking at the next meeting.
PE interest to shake up motor insurance market
Growing interest in motor insurance from private equity firms is likely to increase dynamism in the sector, according to Ernst & Young.
RSA legal action suspended as court rules in insurer's favour over motor costs
Zurich has confirmed that it has suspended legal action with RSA over the company's subrogated motor repair costs while it awaits the outcome of a possible appeal, after RSA won a High Court case against two other insurers.
RSA ruling to create added costs in motor repair, says Groupama
The High Court's decision to rule in favour of RSA on subrogated motor repairs will cause "confusion" and "frictional expense", according to Groupama.
Combined profit of 'going concern' Provident and sister MMA reaches £4.5m
MMA and Provident's final sets of individual annual results published before their anticipated merger reveals a combined pre-tax profit of £4.53m for the year ending 31 December 2011.
Friend or Foe: Q&A with Accident Exchange CEO Steve Evans
Steve Evans has spent four years bringing the activities of rate surveyor Autofocus to light, making him an unpopular figure in insurance circles.
NFU and Ageas pay Accident Exchange undisclosed settlements
NFU Mutual and Ageas have reached settlement agreements with credit hirer Accident Exchange over their use of Autofocus evidence.
MMA profits from motor turnaround
MMA Insurance has issued its 2011 annual results, the final numbers that will be issued before the business is merged with Provident Insurance to form Covéa Insurance in the final quarter of 2012.
Aviva pays Accident Exchange "seven figure" settlement
Aviva has paid credit hirer Accident Exchange a "seven figure" out-of-court settlement after using "dishonest" Autofocus evidence to reduce its hire charges.
MMA merger leads to new role for chief exec Fearn
Current MMA chief executive Garry Fearn will take on the role of executive deputy chairman of Covea Insurance from September this year.
Insurers to pay for Accident Exchange retrials
Major insurers that do not reach a settlement with Accident Exchange could end up paying millions of pounds in legal costs.
Equity affinity signs up Provident
IAG's UK affinity business Equity Insurance Partnerships has signed up Halifax-based Provident Insurance to its motor panel.
Credit hire: Groupama and MMA "close" to agreeing deal with Accident Exchange
Credit hire firm Accident Exchange is said to be "close" to reaching a compromise agreement with Groupama, Provident and MMA Insurance which used Autofocus to demonstrate that Accident Exchange's rates were too high.
Editor's comment: Battle of the brands
From scrap yards to scrap heaps. Last week, the industry was getting agitated about the soaring problem of metal theft, while this week it’s more a sad tale of two well-known insurance names finding themselves destined only for the brand graveyard.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.
Reader to unite MMA and Provident
Covéa has appointed Provident’s managing director James Reader to the role of chief executive at the newly merged businesses of Provident and MMA.
MMA to rebrand as Covéa as part of UK merger with Provident
Covéa has announced that Provident Insurance and MMA Insurance will merge into a single company, in a move which has been touted as a “platform for growth” within the UK market.
Review of the year - General insurance: Regulatory dramas
2011, a year dominated by regulatory and legislative change, could yet prove to be a landmark 12 months for the insurance industry.
RSA to head to High Court to defend disputed subrogation policy
RSA is going to the High Court next year in a bid to defend its policy of adding as much as 25% to bills passed on to rival insurers through subrogation.
Former Confused chief set to head new aggregator
Former Confused and Tesco Compare chief Debra Williams has been named as the CEO of a new Covea backed price comparison site.