Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 06th of July 2008

The AA


The AA (Automobile Association) is a specialist motoring services provider, best known for being the UK's largest breakdown recovery service by members, and also a major provider of motoring insurance services.

In addition to breakdown recovery, the AA also provides the following services for motorists:

  • Driving School
  • Financial Services
  • Hotel/Restaurant guides
  • Maps/Route finders

All of the AA's main services are well developed, and the AA's financial services arm is the UK's biggest independent insurance broker.

While the AA's financial services are centered on motoring services such as car insurance and car loans, the AA also provides home insurance and life insurance policies.

Latest AA News:

April 18, 2008

AA: premiums not yet hit by flooding

by Richard Kilner

Story link: AA: premiums not yet hit by flooding

The widely tipped surge in cost of car and home insurance premiums has yet to appear, according to the AA British Insurance Premium Index.
Car insurance premiums rose by 6% over the course of a year, but most recently have recorded a modest decline.
The present average cost of comprehensive car insurance is £682, £37 higher than […]



March 14, 2008

No profit in sight for private motor business

by Gill Montia

Story link: No profit in sight for private motor business

AA Insurance is not in agreement with a recent assessment of the profitability of private motor insurance business by market analyst, Datamonitor.
The latter is predicting that private motor insurance will show a profit in 2009, for the first time in 14 years.
However, AA Insurance thinks this is unlikely because of inflation and the strongly competitive […]



November 6, 2007

U’dell appointed AA Warranty’s new commercial director

by Richard Kilner

Story link: U’dell appointed AA Warranty’s new commercial director

Chris U’dell has been appointed as AA Warranty’s new commercial director. He previously worked for Assurant for 14 years, covering a number of managerial positions in sales and business development.
U’dell’s new role will require him to continue the success of the firm and developing growth strategy for new and current markets.
He expressed his delight to […]



September 21, 2007

AA And Saga Defend Mass Job Cull Claims

by Stewart Douglas

Story link: AA And Saga Defend Mass Job Cull Claims

Saga and the AA insurance have fiercely denied claims made today by the GMB that they could be poised to lay off around 2,000 staff in the coming months, as a result of slimming down from the recent multi-billion pound merger.
The claims made by the GMB put over 2,000 jobs at risk from a commitment […]



Saga to dominate in AA merger

by Gill Montia

Story link: Saga to dominate in AA merger

Following the £6.15 billion merger of Saga and the AA, four senior AA executives are being replaced by senior managers from Saga.
The AA posts vacated are: financial director, human resources director, information systems director and head of insurance.
Saga’s Stuart Howard has been named group finance director, Janet Thompson will become director of human resources and […]



September 20, 2007

AA Overhaul Management In Saga Merger

by Stewart Douglas

Story link: AA Overhaul Management In Saga Merger

The AA Insurance senior management structure has undergone a significant overhaul today following the completion of its merger with Saga worth approximately £6.2 billion, which will see the companies controlled by a single entity with establishing cross platform selling a priority.
The move is designed to allow easier integration of both Saga and the AA’s existing […]



September 13, 2007

Saga/AA To Merge After Proposals Given Green Light

by Stewart Douglas

Story link: Saga/AA To Merge After Proposals Given Green Light

The merger of Saga financial services and the AA is on track to be completed next week after having received the green light from competition authorities, which would see the brands establishing a cross-selling platform for insurance and breakdown cover packages.
The deal, worth an estimated £6 billion (approximately $12 billion) will be concluded through the […]



July 4, 2007

AA Index Shows Motor Insurance Hike

by Gill Montia

Story link: AA Index Shows Motor Insurance Hike

According to the AA’s British Insurance Premium Index, car insurance premiums increased to their highest level ever over the three months to July.
The average premium quoted for annual comprehensive motor insurance rose 2.5%, to over £822, a figure over double that quoted in 1994, when the Index was first established.
In the case of third party […]



June 21, 2007

AA Overview of Motor Premium Rises

by Gill Montia

Story link: AA Overview of Motor Premium Rises

According the AA, road safety trends alone are not responsible for increases in car insurance premiums.
The UK has seen a decline in its road safety record since 2001, which inevitably has had its effect on insurance premiums. However, a number of other factors are coming into play, including the development of new cars designed […]