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Direct Line profits rise as claims decrease
- 05/08/2015
- Posted by: Simon Wait
- Category: News
Direct Line has reported a big increase in profits for the first half of 2015, after improved weather conditions led to fewer claims. The group said it saw lower costs due to fewer claims being made and reported a pre-tax profit rise to £315m, up 49% from £211.7m a year earlier. The company also reported a [...] -
Axa profits up 2.3%
- 04/08/2015
- Posted by: Simon Wait
- Category: News
Axa’s first-half profit rose 2.3 per cent, helped by higher life-insurance earnings in the U.S. and France. In a statement released by France’s largest insurer, profits climbed to 3.08 billion euros ($3.37 billion) from 3.01 billion euros a year earlier. Operating profit rose 12% to 3.1 billion euros, beating [...] -
Profits up at Moneysupermarket
- 31/07/2015
- Posted by: Simon Wait
- Category: News
Price comparison website Moneysupermarket reported a 44% rise in profits to £30.2million in the six months to the end of June. The firm, which also owns finance website Moneysavingexpert.com, said its revenues increased by 18% to £143.9million, with three million customers shopping around for insurance, energy [...] -
Zurich comments on RSA offer
- 30/07/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance Group has said that any offer it might make for British rival RSA would likely be in cash, a day after it said it was evaluating a potential offer. The bid by the Swiss firm for RSA Insurance Group could top £5.1 billion, a further example of consolidation in the sector at a time of tighter [...] -
PI claims pushing premiums higher
- 30/07/2015
- Posted by: Simon Wait
- Category: News
The average price paid by motorists for an annual comprehensive motor insurance policy rose by 2.1% in the second quarter of 2015 compared with the previous quarter, according to figures released today by the Association of British Insurers (ABI). The ABI’s Quarterly Average Private Comprehensive Motor Insurance [...] -
FTSE boosted by potential RSA takeover
- 28/07/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance has said it is considering a bid for RSA Insurance, the owner of the More Than brand. The Swiss firm said, ‘Zurich notes the recent market speculation in relation to RSA Insurance Group and confirms that the company is evaluating a potential offer.’ There is 'no assurance that any offer will [...] -
Motorist’s potentially driving uninsured
- 14/07/2015
- Posted by: Simon Wait
- Category: News
Millions of motorists could potentially be driving with invalid insurance, or far lower cover than they believe to be in place, according to new research from Churchill Insurance. Over a third (35 per cent) of people with a UK driving licence think that if they have a fully comprehensive car insurance policy they [...] -
£1.32 billion saved in insurance fraud
- 13/07/2015
- Posted by: Simon Wait
- Category: News
Honest insurance customers were saved £1.32bn from frauds uncovered in 2014 according to figures released by the Association of British Insurers (ABI). The new figures also highlighted the fact that dishonest motor insurance claims are the most common type of insurance fraud. The £3.6 million a day saved by [...] -
Confused.com – Car insurance premiums up
- 13/07/2015
- Posted by: Simon Wait
- Category: News
Comprehensive car insurance premiums have started to rise during the second quarter of 2015, with motorists now paying £21 more than they were this time last year, according to the latest Confused.com Car Insurance Price Index. This means that the average quoted premium for an annual comprehensive car insurance [...] -
Footman James announce new partnership
- 09/07/2015
- Posted by: Simon Wait
- Category: News
One of the UK’s leading classic car and bike insurance brokers has announced a new partnership with one of the principal online vehicle documentation platforms. Footman James is embarking on a special relationship with Patina which provides a platform for authenticated digital vehicle history. FJ customers [...]