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Category: Insurance News

Co-Op In Crisis After Bank ‘Junk’ Downgrade – Chief Executive Resigns After Rating Cut To Ba3

Moody’s has reduced Co-operative Bank’s deposit and senior debt ratings by six notches to Ba3 from A3.

The downgrade has plunged the bank’s …

Direct Line GWP Drops 4.5% Amid ‘Competitive Market Conditions’ – UK’s Largest Personal Lines Insurer Increases Operating Profits 32.9% In First Quarter

Direct Line’s gross written premium (GWP) for on-going operations fell 4.5% amid “competitive market conditions” in the UK personal lines space.

Chief executive …

UK Motor Market To Continue Shrinking, Says Deloitte – Premium Drops £200m In 2012

The total amount of UK motor insurance premium fell £200m in 2012 to £13.1bn, according to Deloitte.

The Deloitte research showed that total …

Telematics Should Play A Part In Fighting Whiplash Problem – Discussion On Behaviour-Based Motor Insurance Says Technology Helps Fight Fraud And Better Price Risk

Telematics is set to wade in to the fight against high motor premiums and fraudulent whiplash claims according to the panel at …

APIL Challenges Whiplash ‘Propaganda’ As Claims Fall By 11% – Whiplash Claims Fall To Lowest Levels For Five Years

A freedom of information request submitted by the Association of Personal Injury Lawyers (APIL) revealed there were 488,281 whiplash claims in 2012/13, …

Aviva Considering Co-Op Purchase – A £650m Deal Is Reported To Be In The Early Stages

Aviva is considering a £650m takeover of the Co-op Group’s insurance arm, according to the Sunday Times.

Deutsche Bank has been appointed to …

Cold March Costs Europe $1.8bn – Meanwhile US Sees Lowest Tornado Activity Since 1978

Severe winter weather that affected much of Europe during March has caused at least 30 deaths and economic losses of €1.4bn ($1.8bn), …

High Court Protects Policyholders In Supply Chain Spat – Ruling Could Set Precedent

Policyholders are safe from being sued by insurers’ supply chains following a ruling at the High Court.

In the case, AJ Building and …

Esure Agrees To Potential Sale Of Gocompare Stake – But Esure Chief Vann Insists He Is Happy With 50% Holding

Esure has agreed a potential future joint sale of Gocompare.com with the price comparison site’s management, according to Esure chief executive Stuart …

ABI Demands Medical Checks For Whiplash Claims – New Proposals Aimed At Reducing Whiplash Epidemic

The ABI wants whiplash injuries to be checked by an accredited medical expert, under new proposals revealed today.

The insurer trade body said …

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