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ERS is a specialist personal, commercial and agricultural motor insurer. It has been providing insurance products for more than 70 years and now provides cover solely via Lloyd's Syndicate 218. ERS offers a diverse range of products, including private car, classic car, van, motorcycle, taxi, minibus, fleet, haulage, agricultural vehicle and ...
The business currently underwrites around £2.222 billion in annual general insurance premiums for UK policyholders. [29] The business made a loss of £1.04bn reported at the AGM of 2023. [30] In evidence given to Parliament, NFU Mutual has stated that it has between 65% and 75% of the UK farm insurance market; [31]
Bennetts is an insurance broker, comparing prices from a panel of insurers who underwrite the insurance policy and set pricing, as well as handling claims.As an intermediary, fees are a necessary source of income to cover the costs of arranging and administering policies on behalf of customers.
A "quad" is recognised by UK law as a vehicle with four wheels and a mass of less than 550 kg (1,210 lb). [ 32 ] [ 33 ] A quad cycle to be used on a public road in the UK must be taxed, insured and registered, and the driver must have a category B (car) or B1 (motor vehicles with 4 wheels up to 400 kg unladen or 550 kg if designed for carrying ...
The Swinton Insurance Group continued their UK-wide acquisition strategy in 2012 with the purchase of Greys Insurance in Burnley. [21] In 2013, they then purchased Stroud based insurers Alexander James Commercial [ 22 ] before agreeing a deal to buy the general insurance book of North Wales-based Anderson Insurance Services in 2014 [ 23 ] and ...
Index-based insurance, also known as index-linked insurance, weather-index insurance or, simply, index insurance, is primarily used in agriculture. Because of the high cost of assessing losses, traditional insurance based on paying indemnities for actual losses incurred is usually not viable, particularly for smallholders in developing countries .
In 2004, the company acquired the motorcycle insurance arm of The Automobile Association, helping it to increase its customer portfolio to 230,000 policyholders. [2] In December 2006, the business was sold by its founder to French insurance group Groupama for a reported £80 million. [ 3 ]
The ABI began in 1985 after several specialised insurance industry trade associations joined to form one trade association for the UK insurance industry (excluding Lloyd's of London), including the British Insurance Association, the Life Offices’ Association, the Fire Offices Committee, the Accident Offices Association, the Industrial Life Offices Association and the Accident Offices ...