Axa UK has penned a five-year agreement as the sole capacity provider for Lloyds Banking Group's motor portfolio.

Inszone Insurance Services has acquired Commercial Insurance of Texas Agency Services, expanding its footprint in Texas and bolstering its capabilities in the automotive, heavy truck aftermarket and equipment dealer insurance sectors.

The US non-standard auto insurance segment showed slight underwriting profitability in the first six months of 2024 after two years of losses, leading to modest pre-tax operating income and net income, according to a new AM Best report.

Price Forbes has strengthened its motor fleet team with the appointment of Mike O'Mahoney as director, with a particular focus on the UK commercial fleet sector.

Expansive MGA platform Doxa Insurance Holdings is in exclusive talks with QEO Insurance Group as it closes in on a deal to buy the commercial transportation specialist,

The US commercial auto insurance sector reported a net loss of $5bn in 2023, with further declines in performance seen in the first half of 2024 compared to the same period the previous year, according to a new report by AM Best.

Expansive intermediary Specialist Risk Group (SRG) has bolstered its motor fleet capabilities with the acquisition of One Claim Limited.

UK specialty intermediary Kingfisher Insurance, a subsidiary of NSM, has acquired MIS Motorsport’s commercial business in the UK and Ireland.

Hub International has agreed an exclusive referral and broker program partnership in the US, Canada and Mexico with trucking insurance broker MAS Seguros.

MGA Transportation Insurance Experts (TIE) has partnered with Cimarron Insurance Company to launch a proprietary commercial auto liability package insurance program designed for small to mid-sized trucking risks,

American Transit Insurance Company (ATIC), the largest insurer of New York City’s taxis and rideshare vehicles, is battling insolvency after large losses this year, with the company stating it is “working closely with industry participants towards a solution”.

WR Berkley (WRB)’s Rob Berkley has urged further caution about the ongoing impact of social inflation and its impact on reserves even as his company booked modest favorable development in Q2 2024 while the executive pinpointed the auto market as a continued cause of concern for the industry.

Auto insurtech Clearcover is working to launch a new reciprocal that will be capitalised with funds on hand, and is planning to leverage the new structure to expand into writing non-standard risks,

While CNA is confident rate rises in commercial auto and excess casualty – two of its segments most unfavourably impacted by social inflation – ensure it remains ahead of the rising loss costs it is faced with, CEO Dino Robusto believes further increases are needed.

Underwriting data has proliferated far faster than the insurance market’s ability to manage it, and capital is flowing less freely as a result, writes William Pitt.