Motor
FOS: Insurance disputes up 38% in 2009/10 driven by PPI
The Financial Ombudsman Service – the independent organisation that settles disputes between consumers and financial companies – today said it resolved a record 166 321 disputes – a 46% annual increase – in the period 2009/10 resulting in compensation…
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
One Answer Network extends deal in growth drive
One Answer Network has entered into a long term contract with insurance sector software specialist Cheshire Data Systems to both expand and extend its licence purchasing agreement, as part of its business growth plans.
Open GI gets Aviva green light
Open GI has become the latest technology firm to integrate its motor quote engine with Aviva’s web-based rating engine in order to provide more competitive, real-time rates to brokers.
Brightside to raise £9m via share-listing for latest acquisition
Broking group Brightside has unveiled a plan to raise £9.0m via the placing of 36m new ordinary shares to fund an acquisition.
Portugese FS group "weighed down" by "stagnant non-life market"
Portugese financial services group Espírito Santo Financial Group has reported a 29.6% year on year decline in net income to Euro 21m (Euro 29.8m).
Portugese FS group "weighed down" by "stagnant non-life market"
Portugese financial services group Espírito Santo Financial Group has reported a 29.6% year on year decline in net income to Euro 21m (Euro 29.8m).
Markerstudy joins the IFB
Markerstudy insurance has become the latest company to join the Insurance Fraud Bureau in its fight against organised insurance fraud.
Aviva names Hudson as personal line broker boss
Sam Hudson has been appointed head of broker personal lines for Aviva.
Fraud - MOJ reforms: Against the clock
With the MoJ's 15-day timeframe for insurers to make liability decisions on third-party injury claims from road accidents now in force, Veronica Cowan examines whether the increased time pressures risk rendering the reforms little more than a cheat's…
Lloyd's motor insurer KGM put up for sale by parent company
Lloyd's motor insurer KGM has been put up for sale by its parent Gibraltar-based Perseverance.
50 years ago: No need for legislation on bad drivers
Looking back through Post's back catalogue points a unique picture of more than 150 years of insurance news, as this story from 50 years ago reveals.
Commission options: Getting your money's worth
To exist in today's market conditions, brokers must continue to focus on the remuneration they receive from insurers. Jane Bernstein looks at the options.
Industry rails against SMS claims farming
Insurers have reacted angrily to the growing number of unsolicited claims farming text messages being sent by claims management firms.
One Call strikes Malta deal
Doncaster-based broker One Call insurance has become the latest intermediary to set up its own risk carrying captive insurer, Post has learnt.
RSA "ahead of curve" with cuts
RSA UK chief executive Adrian Brown has said the insurer's swingeing job cuts last year meant it was "ahead of the curve" in responding to the tough economic conditions.
Octagon offers van cover
Octagon Insurance has launched a van policy that will be sold via price comparison site Go Compare.
Fortis UK CEO pleased with lot despite £1.8m Q1 net loss
Fortis UK this morning reported non-life and life premiums increased by 18.4 per cent to £234.9m (Q1 2009: £198.4m) in the first quarter of 2010.
Octagon enters van insurance market
Octagon Insurance has launched a van policy that will be sold via the price comparison site Go Compare.
RSA extends customer repair services
RSA Motor Operations has extended its customer repair network to include a range of specialist commercial vehicles.
IAM Drive and Citroen sign for Arsenal
IAM Drive & Survive and Citroen have agreed to provide an advanced driver training programme to the young players of Premier League giants Arsenal.
Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Claims Club News: RTA portal needs revamp
The road traffic accident portal, which went live last week, will need to be refreshed as early as the summer according to Fraser Fundell, chief executive of IDSL, the firm commissioned to manage the technology.