Motor – Page 95
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Online onlyBidding a Hasting retreat
IAG's move to exit the UK retail market has been a long time coming.
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Online onlyUPDATE: IAG to scale back UK operations
Australian giant to axe 300 jobs at Hastings following A$350m write-down.
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NewsIAG plans UK business sell off
Hastings and Advantage could be subject to MBOs following Lexicon review.
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Online onlyRBS sets deadline for sale of insurance division
Report says bank wants second-round bids tabled by 31 July.
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News AnalysisEnd of the road for pay-as-you-drive?
With Norwich Union axing its scheme to charge drivers according to their car usage, the government’s road pricing strategy may falter.
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Online onlyAllstate calls on Lehman to lead RBSI charge
Zurich poised for bid after Deutsche bank lend backing.
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NewsMotor market’s record £1bn prop
Reserve releases mask further underwriting losses in 2007 says exclusive study.
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FeaturesRunning out of gas?
Insurers are still propping up the UK motor market with reserve releases, but for how much longer? Deloitte insurance partner Catherine Barton analyses the figures.
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News AnalysisHead-on collision
Insurers want to pay less for cars supplied after an accident, while the suppliers – credit hire companies – want more
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Online onlyFortis appoints underwriting development manager
Former Zurich motor manager to drive portfolio growth
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Online onlyBerkshire Hathaway pulls out of RBSI bidding
Move follows bank’s rebuttal of private equity suitors
