MOTOR – Page 53
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NewsTroubled Equity Red Star needed £113m cash boost in 2011
Lloyd’s motor insurer’s loss drops 70% despite further reserve hikes; COR at 132%
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Online onlyHastings Group names its three steps to flotation
‘We will be ready’ when market is receptive and valuation is right, says Fitzmaurice
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NewsHastings telematics pilot to include 5,000 customers
Company to run trials for a year to test the water
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NewsHastings profit jumps 63% as customer numbers rise
Combined ratio static at 96% thanks to selective underwriting
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Online onlyAccounting blunder ‘added £17.5m to Kwik-Fit price’
Writ issued by Ageas demands £5m plus interest following alleged overvalue in 2010
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Online onlyDirect Line Group to float, with Biggs as chairman
Former Aviva finance director has been brought in to ‘lead business into next phase’
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NewsLV= removes upper age limit for motorists
Those aged 86 and above will now be able to receive cover
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NewsAXA Assistance unveils motor breakdown app
Poll results reveal mobile phone is most important item in the event of a breakdown
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NewsBrightside predicts softening motor rates as profit rises 44%
Broker continues talks with Aviva to cut household rates
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NewsEsure operating profit more than quadruples in 2011
Insurer returns to underwriting profitability as COR improves by 20 points
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Online onlyGroupama rallies against commercial motor blight
As Groupama UK sale looms, the blot on its 2011 record is a 111% combined ratio
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NewsGroupama chief calls for commercial motor shake-up
111% commercial motor COR blights an otherwise good year for insurer
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NewsConsumers rate cost over cover
More than eight in 10 believe punishments are not tough enough to act as a deterrent to uninsured drivers
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NewsInsurers hike premiums 60% for mobile phone convictions
Speeding offences also being hit harder
