Table of Contents
DATAMONITOR VIEW
ANALYSIS
- Overview
- Allianz launched a three-tiered household product range and has teamed up
with Kinetic to offer niche classic car insurance products
- Allianz teams up with Kinetic to offer niche classic car insurance
products
- Allianz launched a three-tiered household product range to brokers
- Aviva plans to withdraw its capacity from Ink Underwriting and reported an
8% contraction for Norwich Union Insurance
- Norwich Union Insurance reported an 8% decrease in its NWP due to a
significant contraction in its creditor business
- Aviva announced plans to withdraw its capacity from Giles' s MGA Ink
Underwriting
- Aviva signed a 10 year £700m data center services contract with EDS
- AXA witnessed its general insurance revenues increase by 2% and officially
rebranded its broking arm to Bluefin
- AXA UK announced a 2% increase in its total general insurance revenues
for 2008
- Venture Preference officially rebranded to Bluefin and increased its GWP
to £0.7 billion in 2008
- Fortis formed a five year partnership with UKU and joined the Budget van
insurance panel
- Fortis and UKU formed a five year partnership
- Fortis joined the Budget van insurance panel
- Groupama recorded a 6% increase in its revenue for 2008
- Groupama witnessed a 6% increase in its revenue which grew to
£432.6m in 2008
- Lloyds Banking Group reported a strong performance in general insurance
- Lloyds Banking Group reported positive results across its general
insurance business
- RBS has decided to retain its insurance division which witnessed its
profits increase by 15% in 2008
- RBS has decided to retain its general insurance business
- RBSI witnessed profits increase by 15% to £780m in 2008
- RSA launches iCargo and announces strong results for 2008
- RSA witnessed its UK premium income increase to £2.7 billion
- RSA launched an online tool for marine cover to boost its underwriting
process
- RSA launched a new vehicle repairer network for high value cars
- Zurich reported 2% growth in its UK business
- Zurich' s UK business grew on the back of strong performances in personal
motor and professional liability
- Capita, Bluefin, and Cullum Capital Ventures continued to make
acquisitions in Q1 2009
- Capita Group acquired Hero from LV= for around £15m
- Bluefin acquired the general insurance business of Lakeland Insurance
Services
- Cullum Capital Ventures acquired Brian Potter & Associates
- ABC insurance joined Budget and AA Panels
- Towergate signed an affinity deal with Allianz Commercial
- Towergate is preparing to offer trade credit insurance to SME firms
- Marsh launched the network ProBroker
- EndsleighLet launched the rent guarantee policy Reference PLUS for
landlords
APPENDIX
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