Car insurance premiums hit highest levels since records began August 11, 2023 Motor insurance premiums have soared to their highest levels since records began, according to research from the Association of British Insurers (ABI). Over the last year, the average price paid for car insurance rose 21 per cent to £511, the highest since the ABI began collecting data in 2012. The ABI said that “sustained cost [...]
London drivers hit hardest as UK car insurance costs rocket to record high January 16, 2024 UK car insurance costs increased the highest amount on record last year, according to a closely watched index.
Howden hails business as insurance brokers ramp up partnership with British and Irish Lions January 15, 2024 Founder of City insurance group Howden has insisted that “business is on fire” as it prepares to announce its annual results next month. “It was another very strong year for us,” founder and chief executive David Howden told City A.M. “You’ll see that we have already announced a couple of other critical acquisitions in Europe [...]
Ireland’s finance minister: Bringing Beyonce to Dublin? Insurance reform might do it October 9, 2023 Ireland’s finance minister Jennifer Carroll MacNeill tells City A.M. how her insurance reforms are more exciting than one might suppose.
Moneysupermarket: ‘High levels of switching’ as Brits search for a deal amid rising car insurance prices April 16, 2024 Moneysupermarket has reported revenue growth of eight per cent in its first quarter to £114.6m, up from £106.3m in the same period of 2023.
Insurance is the city’s backbone – and it’s got people at its heart September 28, 2023 It’s been a dynamic market over the past year,” says Jack Snowden head of the global reinsurance clients team in London for Aon’s reinsurance solutions, with the look of a man who has used words other than ‘dynamic’ to describe itto friends. Over the past year or more, the reinsurance industry has embarked on an [...]
Saga U-turn on selling underwriting business as insurance division hit by hikes September 27, 2023 The over-50s specialist Saga has walked back plans to offload its underwriting business due to unfavourable market conditions
Chesnara: Insurance administrator plots more acquisitions and hikes dividend for 19th straight year March 28, 2024 Insurance and pensions administrator Chesnara plans to ramp up its M&A activity and raise its dividend for the 19th year in a row on the back of strong annual earnings.
Tories get poll bump as 60 per cent back national insurance ‘cut’ November 24, 2023 The Conservatives have achieved a slight poll boost following the Autumn Statement - but Labour have still held on to a significant lead.
Rain, storms and floods: UK insurers rocked by record £1.4bn property claim surge August 12, 2024 British insurers have been rocked by an eye-watering £1.4 billion in property claims for Q2 2024, smashing records as the biggest quarterly payout ever logged by the ABI