British motor insurer Direct Line Group has reported operating profit of £131.2m for the third quarter of 2013, with an increase of 6.1% compared to £123.7m during the same period earlier year. The company said that the 6.1% ...
Tags: motor insurer, Direct Line
New York-based private equity firm, Aquiline Capital Partners has completed the purchase of Equity Insurance Group from Insurance Australia Group. Based in the UK, Equity Insurance is one of the ten largest motor insurance syndicate at ...
Tags: Aquiline Capital, Equity Insurance
The Royal Bank of Scotland Group (RBS) is intending to dispose of 15.3% shares in its motor insurance startup, to boost its capital base ahead of regulators’ deadline. Representing nearly 229.4 million shares, the share sale will be ...
Tags: RBS, shares, motor insurance startup
Government Employees Insurance Company (GEICO), a US motor insurer, has appointed Seth Ingall as the new senior vice president of the company to manage claims home office, staff counsel, communications and the GEICO philanthropic ...
Tags: GEICO, motor insurer, vice president
UK-based private motor insurer, 1st Central, has introduced a new cost-effective motor breakdown product to provide breakdown insurance coverage for car owners across the UK. Dubbed Simply Rescue, the newly launched entry level solution ...
Tags: UK-based, First Central, car owners
Insurance Australia Group is mulling to sell its UK underwriting operations, which include motor insurer Equity Red Star and commercial insurance broker Barnett & Barnett. As part of a strategic review of its UK business, IAG Managing ...
Tags: Insurance Australia Group, motor insurer, Equity Red Star
US based motor insurer Vermont Mutual Insurance has deployed the Thunderhead NOW platform, with an aim to enhance customer engagement with increased business user control and additional communication channels. The new platform has been ...
Tags: motor insurer, Vermont Mutual Insurance, Thunderhead NOW platform
Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
Direct-to-consumer personal car insurance provider Esurance has selected Elinor MacKinnon as its new managing director and chief information officer. In his new role, MacKinnon will spearhead all of Esurance's information technology, ...
Tags: car insurance, Esurance, managing director, insurance