Motor

Editor’s comment: two new faces to watch

With Google this week snapping up beat that Quote for a little under £40m, and web design firm Vast Visibility simultaneously buying two specialist bike and van price comparison sites, aggregators are very much the insurance ‘buy du jour’.

Aviva UK GI profit improves to £579m

Aviva’s UK general insurance and health business reported £4.54bn in net written premium in 2010 (2009: £4.30bn) and an operating profit of £579m (2009: £535m).

RBSI CEO Geddes reveals plan to float in tranches

Royal Bank of Scotland Insurance chief executive Paul Geddes has revealed that if it decides to go down the initial public offering route in 2012, this will probably be done in a number of tranches, rather than one offering.

New rating factors needed after European gender ban

Insurers will have to look at additional rating factors now that gender is not an option, following the European Court of Justice ruling that a person's sex can no longer be used to calculate insurance premiums or annuity rates.

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