Car Insurance UK: Latest Events: Automobile and Aviva sales profitability remains on track

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What is the method to insure your automotive vehicle for suitable costs and puschase the budget insurance policies from insurers agencies? This is the latest automotive vehicle insurance news about aviva sales profitability remains on track placed on-line in «CAR INSURANCE UK: LATEST EVENTS» paragraph of our news overview for not insured submitters.

Aviva sales profitability remains on track. In a trading update covering the first nine months of the year, Aviva has reported an 11% drop in total worldwide sales (and life and pension sales) to Ј27 billion. Total life and pension sales slipped to Ј24.06 billion, from Ј27.01 a year earlier and investment sales were down to Ј3.04 billion (Ј3.37 billion). The insurer attributes [...] Aviva sales slip but profitability remains on track. Printed at 21:11, 06.11.2009

DUAL strengthens PI underwriting team. Professional indemnity firm, DUAL Corporate Risks, has appointed Liz Hanlon to its DUAL Focus team. The firm specialises in directors & officers and professional indemnity underwriting for mid-market companies, and its Focus unit provides insurance solutions for more complex financial-institution based risks. Ms Hanlon has 20 years’ industry experience and will be responsible for launching a new [...] DUAL strengthens PI underwriting team. Added at 20:11, 06.11.2009

Aviva lifts restrictions on property fund. Aviva has lifted restrictions on withdrawals from its Unit-Linked Property Fund (Life and Pensions). The group introduced restrictions on surrenders, switches and transfers from the fund in January, following what was described as “a difficult period in the UK commercial property market”. At the time, Standard Life, Scottish Widows and AXA made similar arrangements. The move meant that [...] Aviva lifts restrictions on property fund withdrawals. Posted at 22:11, 05.11.2009

Octagon Insurance chooses Open GI. Recently formed Octagon Insurance Company Limited has chosen Open GI to power its underwriting operation (which began work this month). The firm is a specialist in private car insurance sourced through Go Compare, and intends to expand into commercial vehicle and household insurance during 2010. Open GI has been selected by Octagon after an extensive review of [...] Octagon Insurance chooses Open GI. Printed at 20:11, 05.11.2009

Towergate acquires Money Wise (Scotland). Towergate Partnership has expanded its presence in Scotland with the acquisition of Money Wise (Scotland) Limited, which has offices in Banff and Buckie. The firm’s 15 staff and directors have transferred to Towergate and the team will continue to be led by managing director, Bruce Law. Money Wise controls premiums of over Ј3.5 million and has a [...] Towergate acquires Money Wise (Scotland). Posted at 22:11, 04.11.2009

MMC announces Q3 results. Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for Q3. President and CEO Brian Duperreault has said that the firm enjoyed strong earnings in the quarter, particularly in the Risk and Insurance Services segment, with both Marsh and Guy carpenter performing well. Consolidated revenue was down 11% from Q3 2008, to $2.5bn, however the [...] MMC announces Q3 results. Compiled at 22:11, 04.11.2009

Insurers show interest in RBS and Lloyds asset. According to a BBC report, insurers Allianz, Generali and Zurich could show an interest in branch networks to be sold by Royal Bank of Scotland (RBS) and Lloyds Banking Group. Both banks are to receive further huge bailouts from the Government: Ј33.5 billion for RBS and Ј5.7 billion for Lloyds, the latter taking the form of [...] Insurers show interest in RBS and Lloyds asset sale. Submitted at 21:11, 04.11.2009

Swinton Insurance choose Open GI in NI. Swinton Insurance, the high street broker, has chosen Open GI technology to run its Northern Ireland operations, providing around 300 users with support. The contract between the two firms is to last for four years, and includes the Open GI core trading system, support services and powerful reporting software. Swinton is going from strength to strength, recently [...] Swinton Insurance choose Open GI in NI. Printed at 21:11, 04.11.2009

Oval Limited releases annual results. Oval Limited has announced its financial results for the year ending 31st May 2009. During the course of the year turnover increased from Ј90.5m to Ј104.6m, a rise of 16%, somewhat lower than expected due to the ongoing impact of the recession on customers. Income before tax, depreciation and other costs was up 7%, from Ј17.4m to [...] Oval Limited releases annual results. Added at 19:11, 04.11.2009

Setanta Insurance campaigns against drug driving. Irish insurer Setanta Insurance has launched a campaign to heighten awareness of the dangers of driving whilst under the influence of drugs. The campaign will create a series of four-minute films designed to highlight the horrific consequences of drug driving. Recent studies suggest as many as 20% have taken drugs, with the unsurprising statistic that the 15-24 [...] Setanta Insurance campaigns against drug driving. Printed at 23:11, 03.11.2009

AXA named Insurer of Choice by Auto Body. AXA insurance has enjoyed a good night at the Auto Body Professionals (ABP) Club annual Night of Knights’ awards ceremony, at which the firm was voted Insurer of Choice for its vehicle claims management. Efficiency has been greatly enhanced for AXA, repairers and customers by enacting a number of measures to improve interactions with the approved [...] AXA named Insurer of Choice by Auto Body. Printed at 22:11, 02.11.2009

Glacier appoint new CEO and release Q3 figures. Glacier Group has announced the appointment of Todd Hart as chief executive officer, with immediate effect. He was formerly a non-executive director on Glacier’s board, representing founding shareholder HBK Capital Management. Hart replaces Robbie Klaus, who has left the position of CEO but will remain with the firm as a consultant. Chairman Will Rose has thanked Klaus for [...] Glacier appoint new CEO and release Q3 figures. Printed at 21:11, 02.11.2009

Aviva launches school sport equipment initiative. Aviva’s Child Health Solutions unit has launched a campaign to provide every school in the UK with an opportunity to receive school sports equipment. Triple Olympian and former Javelin world record holder, Steve Backley OBE, is promoting the initiative, which gives parent purchasing a Child Health Solutions policy Ј15 worth of vouchers. The child’s school can then [...] Aviva launches school sports equipment initiative. Added at 21:11, 02.11.2009

ABI calls for swift action on RDR clarification. The Association of British Insurers (ABI) has called on the Financial Services Authority (FSA) to “act quickly” to ensure the full benefits of the Retail Distribution Review (RDR) are secured. The regulator has plans to replace commission with adviser charging, and also intends to raise the professional standards of financial advisers. However, the ABI has pointed out [...] ABI calls for swift action on RDR clarification. Submitted at 20:11, 02.11.2009

Pensions dark age on the horizon. New research from AXA shows that more than three in five (64%) of Britons plan to rely on the state membership as the membership of occupational pension schemes declines. The United Kingdom sits at the bottom of the G7 league for state pension provisions, and AXA has called for the structure of state and occupational pensions [...] Pensions dark age on the horizon. Issued at 20:11, 02.11.2009

CEIOPS to stress test EU insurers. The Committee of European Insurers and Occupational Pension Supervisors (CEIOPS) has announced it will run an EU-wide stress test “for large and important insurance groups”, in December 2009. The body says it will develop the exercise in close cooperation with industry representatives and aims to deliver its findings to EU ministers during the first quarter of [...] CEIOPS to stress test EU insurers. Added at 13:11, 02.11.2009

Floods could cost ВЈ4bn per year by 2035. Home insurance firms are set to lose Ј4 billion a year by 2035 on repairing flood water damage unless the industry takes the lead in creating a flood prevention strategy. Insurance companies should work with the Environment Agency and local authorities on putting flood prevention measures in place and making homes flood proof, Co-operative Financial Services [...] Floods could cost ВЈ4bn per year by 2035. Published at 12:11, 02.11.2009

Car Insurance UK: Latest Events

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Aviva sales profitability remains on track

• Car Insurance UK: Latest Events

  • Aviva sales profitability remains on track
  • DUAL strengthens PI underwriting team
  • Aviva lifts restrictions on property fund
  • Octagon Insurance chooses Open GI
  • Towergate acquires Money Wise (Scotland)
  • MMC announces Q3 results
  • Insurers show interest in RBS and Lloyds asset
  • Swinton Insurance choose Open GI in NI
  • Oval Limited releases annual results
  • Setanta Insurance campaigns against drug driving
  • AXA named Insurer of Choice by Auto Body
  • Glacier appoint new CEO and release Q3 figures
  • Aviva launches school sport equipment initiative
  • ABI calls for swift action on RDR clarification
  • Pensions dark age on the horizon
  • CEIOPS to stress test EU insurers
  • Floods could cost ВЈ4bn per year by 2035

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