Personal Lines articles – Page 192
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News
Internet fraud set to sky-rocket
The internet has become a haven for insurance fraudsters and the crime spree is likely to sky-rocket as more insurers move business online.A survey by fraud specialist Absolute CM found that 75% of motor policy frauds were committed online. And 96% of frauds involving contrived claims were cases where the ...
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Online onlyThe terrorism challenge
Businesses cannot be complacent over the terrorist threat warns Aon
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News AnalysisOpen GI in tech tie up
New launch provides a cost effective way for smaller brokers to compare the market
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Online onlyInsurer launches risk management service
Ecclesiastical risk arm to offer health and safety
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ABC Insurance launches private car product
ABC Insurance, the LV= Group insurance business serving UK brokers, has launched a private car insurance policy.
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Online onlyAllianz boosts electronic trading capabilities
Long-term deal signed with business integration provider, Kewill
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Highway interims boosted by strong investment returns
Profits rise 60% despite underwriting loss
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News
Allianz claims switch puts 37 jobs at risk
?Allianz will soon be consolidating its claims divisions in a move that could cut up to 37 jobs.The company is reorgan-ising its claims divisions based on specialisation and will be closing its Leeds and Glasgow offices.Commercial property claims will handled in Birmingham, with motor and personal injury claims looked after ...
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News
RBS to allow brand on aggregator site
At least one of Royal Bank of Scotland’s (RBS) insurance brands is expected to appear on Tesco’s forthcoming aggregator site. The move by RBS to allow an insurance brand to participate in a price comparison site would represent a U-turn by the banking giant, which has taken an anti-aggregator stance. ...
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News
Groupama beats broker bidders to buy Lark Group
Groupama has beaten off broker competitors to buy a majority stake in top 50 broker Lark Group for what is believed to be in the region of £47m.The acquisition, which was predicted by Insurance Times in July, follows the purchase of a 60% stake in Bollington Group. Lark, which is ...
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News
Protectagroup buys Hodge
?Protectagroup has taken a significant step toward its £25m brokerage target by the end of next year with the acquisition of Hodge Insurance Brokers.Hodge has a brokerage of £1.86m and controls £9m in premium, and is the first of three major acquisitions planned by Protectagroup. Protectagroup chief executive, Paul Ragan, ...
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News
Admiral profit soars as premiums grow 10%
Admiral has announced record profit growth over the first six months of this year, fuelled by the success of its non-underwriting businesses, including aggregator Confused.com. Profit before tax rose by 26% year on year to £86.3m, while group turnover grew by 16% from £359.2m to £417.8m. Total premiums grew by ...
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News
Homeserve pulls D&G buy-out
?Homeserve said this week it had pulled out of talks to buy specialist warranty and elect-rical appliance insurer Dom-estic & General Group (D&G). Meanwhile, D&G confirmed that it was in discussions with other potential bidders saying it was “confident that sig-nificant value can be realised for shareholders through a premium ...
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Proctectagroup acquires Hodge Insurance Brokers
General insurance subsidiary of Julian Hodge Bank adds £9m premium
