financial news

Changes to GAP influencing behaviour

Changes to rules governing the sale of GAP insurance introduced on September 1st have already influenced consumer behaviour, says Warranty Direct. The amendments were designed to offer consumers more protection […]

Quindell reports further losses

Troubled insurance group Quindell has reported further losses and warned that the damage caused to its reputation by previous scandal is hindering it from making a recovery. The company posted […]

Largest insurance growth opportunity revealed

By 2030, the insurance industry is expected to earn up to $1.7 trillion from women alone – with almost half coming from only 10 emerging economies, presenting a significant business […]

Covea announce new appointments

Covéa Insurance has announced two senior leadership appointments. Sue Coffey has been promoted to Director of Intermediated Distribution, Personal Lines and Gary Yeates has been promoted to Director of Pricing & Underwriting, […]

ECP opens new hub in Saltash

A new generation automotive hub is being opened by Euro Car Parts (ECP) in Saltash creating around 50 new jobs and improving product availability and speed of deliveries to local […]

AA suffers £63.6m loss

The AA has fallen to a near-£64m loss in the first half of 2015 as it recorded a pre-tax loss of £63.6m, down from a profit of £10.2m in 2014. […]

Business backed by new Enterprise Bill

The government has published an Enterprise Bill that aims to back business to drive growth, create more jobs and ensure economic security for all. The bill will help tackle the scandal […]

Motorists unwittingly driving illegally

A staggering 1.5 million motorists in the UK are unwittingly, driving illegally as their vehicles have not got a valid MOT. Motoring.co.uk has undertaken a survey of 20,000 motorists and […]

IFB evolution ‘on track’

The evolution of the Insurance Fraud Bureau (IFB) is ‘on track,’ according to the Bureau’s strategy project board Chair, Mihir Pandya. Following a cross-industry consultation in 2014, the IFB’s new […]

Zurich abandons RSA deal

Zurich Insurance has announced that it has finished discussions with RSA and does not plan to make a bid. The insurer had previously announced in July that it was considering buying […]

CMA blamed for rising claims inflation

The failure of the Competition and Markets Authority (CMA) to take action over the motor market is partly to blame for rising claims inflation, according to Covéa Insurance chief executive […]

Irish insurance premiums to rise by 25%

Drivers are to be hit with an insurance premium increase of around 25 per cent next year, the chief executive of the group which represents the majority of car insurance […]