Rate hikes the only answer to CL market’s poor results

Allianz chief executive Andrew Torrance

The dismal state of the UK commercial lines market can only be remedied by insurers inputting rate rises in 2013 and resisting their natural urge to compete on price, the heads of major firms have said.

In their full-year financial results for 2012, UK general insurers have almost unanimously reported unprofitable performances on their CL books. Allianz UK has been the only firm among its peers to

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How maritime insurers are helping shipowners decarbonise

Following the European Union’s Emissions Trading System coming into force for the maritime transport industry on 1 January, Fiona Nicolson explores how shipowners, operators and insurers have come to terms with the implications and effects of the new regulations.

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