RAC
Sun Life launches into GI market with appointment of Stanney
Ex-Castle Cover products director Simon Stanney has been hired to spearhead Sun Life’s foray into the general insurance market.
Drivers claiming £3.2m in compensation for pothole damage
Almost 50,000 UK drivers have claimed more than £3m in compensation from local councils for damage to vehicles caused by potholes over the last financial year, according to the RAC Foundation.
One-in-four motorists back compulsory in-car cameras
26% of UK motorists believe the Government should mandate in-car cameras in order to limit “crash for cash” schemes, according to a study from the RAC.
RAC puts IPO plans on ice after securing new backing
Roadside assistance firm RAC has shelved plans for an initial public offering after gaining new financial backing from Singapore-based sovereign wealth fund GIC.
Market Moves - 11 September 2014
All the latest job moves in the insurance market.
Quindell shares boosted by RAC JV exit
Quindell’s share price has responded positively to news that RAC has exited a joint-venture on telematics.
Quindell buys out RAC in telematics JV
Quindell is to acquire all of RAC's shares in the companies' telematics joint venture after the businesses concluded it was not a good use of capital to finance a free roll-out to customers.
RAC recruits CBI president ahead of IPO plans
RAC has recruited the president of the Confederation of British Industry as its new chairman as uit readies plans to enter the London Stock Exchange.
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.
Quindell update fails to halt tumbling share price
Quindell's share price has fallen by almost 25% over four days of trading, in spite of optimistic trading updates issued by the firm.
Quindell shares down 12% on RAC deal rumours
Quindell’s share price has dropped 11.56% in one day’s trading after reports suggest a £100m telematics deal with RAC may have hit the rocks.
Quindell denies RAC fall-out
Quindell has dismissed claims it has fallen-out with the RAC amid reports the roll-out of the companies' telematics joint venture has stalled.
Insurers maintain opposition to young driver curfews despite public backing
Sources suggest long-delayed green paper on young driver safety could be revived
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.
Two thirds of public back young driver restrictions
The majority of the British public back measures to cut death and injury on the roads through restrictions on newly qualified young drivers, according to an RAC survey.
RAC partners with Quindell for £100m telematics joint-venture
RAC and Quindell have come together to launch a new joint-venture company to distribute telematics and connected car products.
Women drivers more likely to recommend their motor insurer
Women drivers are more likely to recommend their motor insurer than men, a survey of more than 12 000 pre-renewal consumers has found.
RAC signs five-year deal with The Warranty Group
RAC has signed a five-year deal with The Warranty Group, which will see the firm continue to operate the RAC brand in the motor warranties sector.
RAC launches telematics product with Risk Technology
Telematics provider Risk Technology and motoring organisation RAC are teaming up to launch a product to help drivers in the event of a breakdown.
RAC Foundation calls for overhaul of licencing system
The RAC Foundation has called the government to consider placing conditions on young drivers’ licences as a way of reducing fatal accidents among this age group by more than a half.
Liberty signs new drivers to sponsorship programme
Liberty Mutual Insurance, the commercial lines division of Liberty Mutual Insurance Europe, has expanded its racing sponsorship programme.
Admiral enters legal JVs with Lyons Davidson, Cordner Lewis
Admiral has received approval from the Solicitors Regulation Authority for new joint ventures launched in partnership with two law firms
Quindell wins five-year deal with RAC
Quindell has said a new five-year contract that sees RAC implementing its end-to-end technology platform has the potential to be its largest revenue generator to date.
Aviva denies corporate restructure will lead to separation of its UK GI business
Aviva has dismissed suggestions that separating its UK general insurance business from its international operations clears the way for the business to be spun off in the future.