Personal

ABI calls for referral fee ban

The Association of British Insurers has called for a ban on referral fees after AA research revealed that the average cost of motor insurance premiums has risen 40% in the last year.

Axa cuts to hit commercial

Sources close to Axa UK's personal lines division and broker Bluefin have insisted management cuts will only affect commercial lines.

Lloyd's motor result reflects 'torrid' time

Lloyd's finance director Luke Savage has said Lloyd's 2010 UK motor insurance result reflects the "torrid" experience of the whole market within that class of business. Its motor book reported an underwriting loss of £520m (2009: £83m loss) and a…

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