Car insurers set to return to profit following record losses December 16, 2024 A report from accountancy giant EY estimates car insurers paid out 93p in claims and expenses for every £1 made in premiums in 2024.
How Aviva and Ageas could go head-to-head in Direct Line bidding war November 29, 2024 The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
Car insurance premiums fall but young drivers still in back seat November 26, 2024 The latest Consumer Intelligence index shows quoted premiums in the year to October fell 1.1 per cent, the first time since January 2022.
Direct Line considers cutting 550 roles as motor market remains ‘challenging’ November 11, 2024 Direct Line is considering cutting around 550 roles as the insurance broker battles with "challenging" market conditions.
Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.
Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid October 6, 2024 Belgian insurance giant Ageas is open to making further takeover bids for British companies after a failed attempt to snap up Direct Line earlier this year.
Car production falls but sector ‘optimistic about return to growth’ September 26, 2024 Car production fell last month, continuing a trend seen across the year, new figures show. The number of cars built in UK factories was 8.4 per cent lower in August compared to the same month last year. The Society of Motor Manufacturers and Traders (SMMT) said 41,271 new cars left production lines, 3,781 fewer than [...]
Car insurance prices may be coming back down to earth, data shows September 17, 2024 Results from the UK's major insurers have signalled car insurance costs are beginning to come down, after reaching record levels last year.
Direct Line returns to profit but customers flee after firm hikes insurance prices September 4, 2024 Direct Line's operating profit undershot expectations for the first half of 2024 as the firm shed more than a quarter of a million motor insurance customers following price hikes.
Admiral shares fly to the top of the FTSE 100 as firm hikes dividend amid profit surge August 15, 2024 Admiral Group has reported its half-year turnover leaped 43 per cent to £3.2bn, due to a strong performance in insuring UK motors