Insurer reorganizes operations to add focus to core lines of business and states. MAPFRE USA on Friday announced that it will realign its business and focus operations going forward on a reduced number of states. MAPFRE has identified eleven core states in which it currently operates in the U.S. – Massachusetts, Connecticut, Rhode Island, New […]
Octo Telematics Completes Acquisition of Willis Towers Watson Usage Based Insurance Assets
Octo Telematics (Octo), the UK-based global provider of telematics for the auto insurance industry, announced that it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson that was announced in October. This acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Additionally, Geoff Werner, Global Telematics Leader, will […]
Report Projects Big 4 Collision Repair Consolidators Achieve 25% Market Share by 2021
The Romans Group estimates that by 2021, the Big Four consolidators, ABRA, Boyd Group, Caliber and Service King, could represent nearly a quarter of the collision repair market. The result is detailed in a summary of its Advancing Our Insights into the 2016 Collision Repair Marketplace report released to the media. According to the report, […]
Fitch Rating See US Auto Outlook Stable in 2018
Projects decline to 16.8 million vehicles next year, down from 17 million this year. Fitch Ratings’ sector outlook for U.S. auto manufacturers and suppliers in 2018 is stable, reflecting a combination of solid credit profiles for most issuers in the industry and Fitch’s expectation for continued modest global sales and production growth. Fitch expects lower […]
Service King Contributes $35,000 to Singleton Moms of Phoenix
Service King Collision Repair Centers, with the help of its Phoenix teammates, recently presented a donation in the amount of $35,000 to Singleton Moms as part of the organization’s ongoing Service King Cares initiative. The contribution, made possible through the efforts of the fourth annual Service King of Phoenix Charity Golf Tournament, continues the company’s […]
Axalta and Nippon Paint End Acquisition Talks
Axalta Coating Systems (NYSE:AXTA) yesterday confirmed that its previously announced discussions on a possible acquisition by Nippon Paint have ended. According to Axalta, Nippon Paint’s Board of Directors were unwilling to meet Axalta’s expectations regarding the value of the company and assume the financial leverage necessary for the deal. “Axalta is a premier company in […]
CIC Seeks Input on Industry Issues, Value of Meetings
The Collision Industry Conference (CIC) is asking the industry and its attendees to participate in a brief online survey to help the conference to determine the current top issues impacting the collision repair industry as well as to measure the value of CIC Meetings which took place at various venues throughout 2017. Results of the […]
Andre Lacy, Former FinishMaster Chairman, Dies in Motorcycle Crash in Africa
LDI Ltd., LLC announced the death of its chairman, Andre B. Lacy, yesterday at age 78. Lacy passed away in Botswana in a single-rider accident while on a private motorcycle tour in southern Africa. LDI acquired majority control of FinishMaster in 1996. Lacy served as chairman and CEO of FinishMaster until his retirement from the […]
Tom Jackson Named Chief Product Owner for Audatex UKSA
Audatex UKSA has announced the appointment of Tom Jackson as its new Chief Product Owner. Tom has worked within the automotive industry for over 12 years, bringing with him a thorough knowledge of the sector to Audatex. Throughout his career, Tom has focused on digital data software platforms and product transformation. He holds extensive experience […]
FCA Announces 2018 Jeep Wrangler Includes Aluminum Body Panels
Collision repair facilities that have invested in their aluminum repair capabilities will soon have a new vehicle to work on. Yesterday, Fiat Chrysler Automobiles (FCA) officially introduced its 2018 Jeep Wrangler at the Los Angeles Auto Show. The redesigned vehicle continues to include a body-on-frame design that the vehicle manufacturer touts is the foundation for […]
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