Motor – Page 101
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News
New Lorega chief to target high net worth
John Sims, the new chief executive of claims advocate Lorega, is targeting the high net worth personal lines market as part of his growth strategy for the company. Personal lines clients currently account for only 5% of Lorega’s business, with the remainder being commercial customers.Sims, who joined Lorega in September ...
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Consultation on novice drivers
The government will launch a consultation on whether to overhaul the rules for novice drivers next month, the Department for Transport (DfT) said this week. It follows a report from the Commons Transport Select Committee on young drivers. Recommendations put to government included calls for zero alcohol levels for the ...
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Insurers face supply shortage as bodyshops decline
Falling numbers of bodyshops blamed on insurers’ demands for low-priced repairs
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Insurers' discounts push new drivers to Pass Plus
Swinton offers up to 35% off annual premiums for drivers with Pass Plus
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AA: downwards trend in home insurance premiums ends
AA Index says the falling trend in home insurance premiums has come to an abrupt end
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Roadsure sold to sister company Premium Choice
Up to 30 staff will be affected by the sale of broker Roadsure to sister company Premium Choice. Northampton-based Roadsure will move to Premium Choice’s Birmingham office following the sale this week, which was part of a restructure by parent company Optimas.Roadsure director Neil Beckingham said there would be ...
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Private motor rate rises fuel market recovery
The private motor market is continuing to show signs of recovery, with two surveys showing further rate increases. But there were warnings that rates must increase significantly if the market is to make a profit. Deloitte said motor rates increased by an average of 1.4% in July and August. This ...
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AA and Saga reveal post merger plans
The full details of the Saga and AA merger have come to light this week as four senior directors left the AA and a new group management structure was put in place.In an exclusive interview with Insurance Times, group commercial director John Potter outlined the merged company’s new structure, employment ...
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Post Office expands insurance team
Four key appointments to drive product and consumer base growth
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NewsTradex to target homes in high net worth drive
Tradex is to continue its expansion into the high net worth sector following the expiry of legal restrictions on its chairman. The motor trade specialist is gearing up to target the high net worth home market after a restrictive covenant on the chairman, Tony Lumsden-Cook, expired at the end of ...
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NewsAA/Saga merger threatens 2,000 jobs
?The £6bn merger of over-50s insurer Saga and the AA will lead to more than 2,000 job losses, the GMB union has warned. The warnings came amid fierce speculation about how the merger, which completed this week, would affect insurers’ trading relationships with the two companies. GMB national officer Paul ...
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Online onlyMobiles put drivers at risk
Using a mobile while driving is as dangerous as drink driving
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Online onlyThe saga continues
The impact on the insurance industry of the Saga/AA deal is still unclear
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News
Rein in discounts, says Highway chief
Highway Insurance chief executive Andrew Gibson has warned that market deals with brokers and premium discounts need to be reined in if the motor market is to achieve profitability. The motor specialist this week unveiled its interim results which highlighted challenging market conditions. The company saw pre-tax profits rise ...
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Chaucer to focus on cars
Chaucer will focus on the recovering UK private motor market in 2007 as the commercial motor market continues to suffer from falling rates. Unveiling its interim results, the Lloyd’s insurer said it would be taking into account a predicted upswing in private motor rates in the coming months. It ...
