-
Innovation Group confirms Carlyle Group takeover talks
- 28/08/2015
- Posted by: Simon Wait
- Category: News
Insurance software provider The Innovation Group PLC has confirmed advanced talks with private equity firm Carlyle Group over a potential offer valuing it at 40 pence per share. The company provides motor and property claims process services, enabled by specialist software technology that it also sells on a [...] -
Hastings post half year results
- 27/08/2015
- Posted by: Simon Wait
- Category: News
Hastings has posted an increase in GWP which hit £282.7m for the first half of 2015 (H1 2014: £227.2m). COR for the business also marginally improved moving from 90.4% to 90% while customer numbers increased 17% to 1.9m (H1 2014: 1.6m). Gary Hoffman, chief executive, commented, ‘These results are further [...] -
Leasing broker sector sees 10% growth
- 27/08/2015
- Posted by: Simon Wait
- Category: News
The latest figures from the BVRLA show that leasing brokers continue to play an important role in the vehicle finance sector. According to a BVRLA poll of key funders, combined broker volumes for car and van leasing grew to 179,935 units in the first six months of 2015 – up 10% from the end of 2014. Car [...] -
New appointment at Spies Hecker
- 27/08/2015
- Posted by: Simon Wait
- Category: News
Evgeny Khmelev takes on the role of Training Leader Europe, Middle East and Africa. Since 1 July the Spies Hecker Training Center in Cologne, Germany, has had a new training manager. Evgeny Khmelev, a qualified mechanical engineer by trade, was previously a technician for Axalta Refinish Systems in Eastern Europe [...] -
Brazilian auto industry sees huge cuts
- 17/08/2015
- Posted by: Simon Wait
- Category: News
The Brazilian Ministry of Labour estimates that the sectors of the economy linked to the automotive industry have cut an estimated 38,700 jobs in the first half of this year, which corresponds to 11% of all layoffs in the period. The survey includes jobs related to the manufacture and sale of automobiles and auto [...] -
Thirty new jobs at Albany Assistance
- 17/08/2015
- Posted by: Simon Wait
- Category: News
Claims management firm Albany Assistance, has won a contract to provide fault accident claim services for Hastings Direct motor policyholders. Peterlee-based Albany will deliver hire and repair services to all of its policyholders. It also means a jobs boost for the East Durham firm, adding 30 extra staff to the [...] -
Tantalum open to Quindell takeover
- 17/08/2015
- Posted by: Simon Wait
- Category: News
Tantalum, a company owned by City financier Edi Truell, still wants to buy Quindell even though the Serious Fraud Office has launched a criminal investigation into the scandal-hit firm. Chief executive of Truell’s telematics venture Tantalum, Cedriane de Boucaud, said revelations Quindell had overstated its [...] -
RSA exit personal lines motor market
- 13/08/2015
- Posted by: Simon Wait
- Category: News
Insurance provider RSA, has confirmed it is to withdraw fully from the personal lines broker motor market, ceasing to write new and renewal business from 1 November 2015. The move follows the insurer in May 2014 announcing it was exiting all motor-only personal lines broker relationships. Post reported 800 brokers [...] -
JLR unveils global expansion plans
- 11/08/2015
- Posted by: Simon Wait
- Category: News
Jaguar Land Rover has signed a Letter of Intent with the Government of the Slovak Republic for the potential development of a new manufacturing plant in the city of Nitra in western Slovakia. With its established premium automotive industry, Slovakia is an attractive possible development opportunity. The move marks [...] -
Whiplash comeback sees insurance costs increase
- 11/08/2015
- Posted by: Simon Wait
- Category: News
Drivers are expected to face a 15 per cent rise in car insurance costs this year due to the recent rise in fraudulent whiplash claims. Insurance executives believe unscrupulous claims management firms, lawyers and doctors have discovered loopholes in new laws that were designed to end the scandal. Industry [...]