More Than owner RSA warns of uncertainty over car insurance August 1, 2013 INSURER RSA yesterday warned that the UK car insurance market remains “very uncertain”, as firms wait to see whether new rules designed to reduce spurious claims are successful. “Some of the benefits have been pre-empted by price reductions,” RSA chief executive Simon Lee told City A.M. “Depending on how effective the reforms are, this will affect pricing in the coming [...]
What the other papers say this morning – 30 July 2013 July 29, 2013 FINANCIAL TIMES US funds return to European banks US money market funds have nearly doubled their allocations to European banks over the past 12 months, in a sign of improving investor sentiment towards the region. In the first half of the year, the 10 biggest US money market funds allocated about 15 per cent of [...]
LV= boss warns car costs to rise July 29, 2013 DRIVERS should expect to pay more for car insurance next year, the boss of LV= told City A.M yesterday. Mike Rogers, chief executive of the mutual, said he is worried recent price cuts prompted by a ban on referral fees may have “gone too far”, unless claim levels start to fall. He was speaking as the [...]
Fiat’s 500L gets a rugged makeover July 29, 2013 With its practical appearance and off-road promise, the 500L Trekking is a town car that likes to get dirty The Mini Countryman doesn’t look much like the Mini hatchback, but customers don’t seem to mind. Mini’s SUV crossover is selling very well in the UK, appealing to a family market that wants something practical, with [...]
What the other papers say this morning – 26 July 2013 July 25, 2013 FINANCIAL TIMES Berkshire Hathaway derided for deal Warren Buffett’s Berkshire Hathaway has been branded “foolish” by an insurance executive for blindly following underwriting decisions taken by Lloyd’s of London rivals. An unusual deal that Berkshire has struck with the insurance broker Aon is likely to “end in tears”, warned Richard Brindle, founder and chief executive [...]
Clive Cowdery enters the States with $600m life insurance deal July 18, 2013 INSURANCE tycoon Clive Cowdery yesterday revealed his $600m (£395m) purchase of Lincoln Benefit Life from financial services group Allstate. The deal represents Cowdery’s entrance into the US market after a decade of shaking up the industry in Britain. A swathe of insurers have put life businesses up for sale in the face of low returns, [...]
Emergency service July 18, 2013 Robin Swithinbank reports on a new version of a satellite-linked watch that could save your life IN 2003 a pair of British explorers, Steve Brooks and Quentin Smith, were forced to ditch in the Antarctic after a failed attempt to become the first pilots to fly a helicopter to the North and South Poles. After [...]
The ultimate risk-taker eyes growth February 24, 2013 Zurich’s boss tells James Waterson how car insurance can pay if there are no crashes MARTIN Senn seems unusually enthusiastic about the impending destruction of a large part of his business. But the mild-mannered chief executive of Zurich is excited about what a world without car crashes would mean for his company’s motor insurance operations. [...]
Now team is fixed, let’s sort Twickenham transport February 24, 2013 ENGLISH rugby is undeniably on the right tracks. The management team has a clear set of objectives, and the team under Chris Robshaw have an admirable team ethic that eschews ego for the greater good. They beat France comprehensively in the end, helped by the odd refereeing aberration and more than the odd bizarre French [...]
Pothole insurance claims double February 11, 2013 The number of insurance claims for pothole-related damage to cars on Britain’s roads more than doubled in January compared with the same month last year, according to broker AA Insurance. The company estimates 1,000 UK cars were seriously damaged by potholes during the month and blames deteriorating roads following a period of heavy rain, flooding, snow [...]