motor News

Ageas to Acquire Groupama Insurance (UK)

Dutch-Belgian insurance group Ageas (the successor to Fortis) has confirmed that it has signed an agreement, through its UK subsidiary, to acquire Groupama Insurance Company Limited (GICL), the UK subsidiary of France’s Groupama, for a total consideration of £116 million …

HDI-Gerling to Enter UK Auto Fleet Market

Industrial Insurance Company HDI-Gerling has announced it is expanding its product range in the UK to include Motor [Auto] fleet coverage. The company said it has appointed John Shepherd to the position of Director of Motor to head the new …

ABI, UK Government, BIBA Team up to Help Older People Find Insurance

A bulletin from the Association of British Insurers states that “older customers will find it easier to get motor [auto] and travel insurance under an agreement between the ABI, the Government and the British Insurance Brokers’ Association (BIBA).” The agreement, …

Insurers May Open ‘Black Box’ Telematics to Escape Gender Ban

Motor [auto] insurers seeking to get around a European ban on charging male drivers more than women are turning to innovative black box technology that could trigger an upheaval in the way car insurance is sold. Britain’s biggest motor insurer, …

Willis Re Spots Downward Trend UK Auto Claims; Premium Increases

UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It also noted a significant …