Admiral hit by falling premiums May 14, 2014 Car insurer Admiral Group has seen its turnover fall by seven per cent in the first quarter of this year as premiums continue to fall across the market. As a result, the company saw its share price fall 1.38 per cent yesterday as fears about the broader motor insurance industry continue to grip. Chief executive [...]
City Moves for 14 May 2014 | Who’s switching jobs May 13, 2014 Allianz Global Corporate & Specialty The corporate and specialty insurance business has announced the appointment of Elke Vagenende as head of financial institutions for its London regional unit. She has over 16 years’ industry experience, and joined in 2012 at head of product development. Vagenende was previously a senior underwriter at Liberty Mutual Insurance. Smith & Williamson [...]
Saga puts retail investor at heart of London float April 30, 2014 SAGA, the over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing. The business, which was founded by east end hotelier Sidney De Haan in 1950, said it would raise £550m in an initial public offering [...]
Car insurance premiums fall by £30 a month on average in 2014 April 29, 2014 MOTORISTS are enjoying cheaper car insurance premiums as the trend for discounts continues into 2014. Industry body the Association of British Insurers has revealed the results of its latest market tracker, with comprehensive motoring premiums falling by around £30 per month on average. Prices fell by three per cent compared to the same quarter in [...]
London takes the lion’s share of parking fines April 14, 2014 WESTMINSTER Council has kept its title as the biggest parking fine issuer in the country, handing out penalties worth more than £24m to motorists last year, according to figures out today. The council issued more than 455,000 penalty notices in 2013. This is more than twice the number of the next biggest issuer included in [...]
Is the UK still open for business? Not if politicians keep meddling in markets April 14, 2014 AFTER seven years at the top, last month London lost its place as the number one city in the Global Financial Centres Index. Is this a temporary slippage, or should we be concerned? I have always thought of the City, and the UK, as one of the best places to invest and do business. We [...]
The Iron Brady April 14, 2014 Annabel Palmer talks to sporting executive-turned TV star Karren Brady – the Conservative Party’s ambassador for UK small businesses SHE IS known as the First Lady of Football, but Karren Brady’s list of accolades extends far beyond the beautiful game. Wikipedia describes Brady as a sporting executive, novelist, author, TV broadcaster and columnist. And as [...]
Bottom Line: Insurers and premiums both driven down April 9, 2014 WHO’D be a car insurer? With regulators lining up to tell the sector what to do and technology busily disrupting established business models, firms like Direct Line, Admiral and Esure are enjoying a rough ride. The latest news on plunging UK car insurance premiums promptly sent share prices for all three screeching downhill. Rightly so. [...]
Car insurers see shares dip after premiums fall April 9, 2014 THREE of the biggest motor insurers in the UK saw their share prices fall yesterday after Confused.com and Towers Watson reported a significant drop in premiums, greater than had previously been expected. Direct Line, Esure and Admiral all saw a dip in shares of 2.26 per cent, 8.85 per cent and 0.57 per cent respectively, after [...]
Quindell and RAC launch £100m scheme for black boxes in cars April 7, 2014 BLACK boxes could soon be used to revolutionise the vehicle insurance industry in the UK according to a new joint venture by Quindell and the RAC which analysts say could be worth up to £1bn. RAC said it plans to sell the socalled telematic tracking devices, similar to the black boxes used in aircraft, to [...]