financial news

AXA acquire Global Insurance Management

Multinational insurance firm AXA has acquired Coventry based insurance expertise provider Global Insurance Management. AXA has previously underwritten the risk for Global Insurance Management, however this acquisition will mean an […]

Hastings to list on the stock market

Motor insurance provider Hastings is to float on the stock market as it expands the business in a bid to attract more than 2.5 million customers by the end of […]

New car finance volumes up 13%

Figures released today by the Finance & Leasing Association (FLA) show the number of new cars bought by consumers on finance provided through dealerships increased by 13% in July, compared […]

Solera engage in buyout talks

Insurance claims processing software maker Solera Holdings is in advanced talks with private equity firms Thoma Bravo and Vista Equity Partners to sell itself, according to reports from Reuters. Solera is nearing […]

Lloyd’s first-half profit falls 28%

Lloyd’s of London saw its profits fall 28 per cent in the first half of the year. Profits came in at £1.19bn, down from £1.65bn in the same period of […]

Axalta announce new global innovation centre

Axalta Coating Systems announced that its new Global Innovation Centre will be located at The Navy Yard in Philadelphia. The 175,000 square foot facility will be home to Axalta’s global […]

LV= group post interim results

Mutual insurance group LV=, the UK’s largest friendly society, has announced its interim results for six months ending 30 June 2015. General Insurance financial highlights: Operating profit up 52% to […]

Markerstudy acquires Lionheart Insurance

Motor insurance provider, Markerstudy, has acquired Birmingham-based Lionheart Insurance for an undisclosed sum. The deal, which has received approval from the Financial Conduct Authority, adds over 1,500 policyholders and more […]

Co-operative makes general insurance loss

The Co-operative’s general insurance division has reported a 4.5% fall in gross written premiums for the first half of 2015. The drop to £180.3m from £188.8m at the start of 2014 […]

UK car market sees continued growth

The new car market recorded its 42nd consecutive month of growth in August – albeit in one of the year’s quietest months – according to figures published today by the Society […]

UK pension savings at record high

According to the ONS, more than half (59.4%) of employees were members of a workplace pension in 2014, up from 49.8% in 2013 and the total of 46.5% in 2012, […]

Innovation Group agree to Carlyle takeover

Insurance software provider The Innovation Group PLC has agreed to a £499m takeover bid from private equity firm Carlyle Group. Under the agreement, the London-listed company will receive 40p per […]