Agriculture
AAIS to release new rules filings for drone insurance cover
American Association of Insurance Services has released new filings of Unmanned Aircraft Liability Coverage forms and rules this week, in response to consumer demand for coverage for drones.
Swiss Re agrees parametric pilot with China to protect farmers
Swiss Re has entered a pilot reinsurance protection scheme with the government of Heilongjiang province to help protect farmers from natural catastrophes.
China counts $33bn costs from major flooding
According to Aon Benfield's catastrophe modeling team Impact Forecasting the recent flooding in China could cost the country as much as $33bn (£25bn) in economic losses.
Mutuals: Mutual attraction
Mutuals in the general insurance market are causing their publicly owned rivals to sit up and take notice
Towergate appoints DAC Beachcroft, DWF and BLM to claims panel
Towergate Underwriting has announced a new claims legal panel, comprising of BLM, DWF and DAC Beachcroft.
Rural Insurance sees GWP rise 11.5% as £100m target looms
Harrogate-based agricultural specialist Rural Insurance has maintained solid growth in line with its £100m target, with GWP rising by 11.5% for the 12 months to end of March.
MGA Imperium launches farm division with QIC Europe capacity
Specialist managing general agent Imperium Insurance Management has launched a specialist farm division with capacity backing from Qatar Insurance Company Europe.
GAP product released for agriculture sector
Two specialist agriculture guaranteed asset protection (GAP) products have been launched by the XS Cover Company, via Malta-based protected cell company Building Block Insurance.
Technology: The future of farming
The rural idyll of the UK's farmlands may be the last place many would expect to find a technological revolution. However, as the Internet of Things continues its steady creep into every aspect of life, Britain's agricultural industry has not been left…
Zurich to spend up to £702m on US agricultural insurer
Zurich's subsidiary, Zurich American Insurance Company, will buy US agricultural insurer Rural Community Insurance Services for up to $1.05bn (£702m) from Wells Fargo, which will strengthen its top five position in US commercial insurance.
Rural Insurance growth keeps firm on track for £100m target
Harrogate-based agricultural specialist Rural Insurance saw its revenue grow 13.3% in the past six months, staying on track to become a £100m business over the long-term.
Ironshore opens New Zealand office
Ironshore International has opened a New Zealand office in Auckland today.
Axa replaces RSA in agricultural tie-up with Towergate's BIBU
Axa has agreed a five year joint venture with Towergate’s BIB Underwriting for farm, estate and motor schemes, Post can reveal, in a deal that will result in a change to Axa’s distribution model for agricultural business.
Cobra Holdings acquires BKG West
Cobra Holdings has acquired independent commercial insurance broker BKG West.
Axa aims to challenge mid-market status quo with sector-specific proposition
Axa has signalled its intent to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction of a tailored broker proposition.
Typhoon Chan-hom leaves China with 8bn yuan losses
Last weekend's powerful Typhoon Chan-hom has left a trail of destruction mainly across Zhejiang province in China.
Dual enters UK agricultural market
Hyperion's underwriting arm Dual has entered the UK agriculture market as part of its strategy to provide more specialised products to SMEs.
Interview - Gilles Galludec: Learning to share
Index insurance has come of age from its humble beginnings but more knowledge sharing is required if the market is to reach its potential, according to Gilles Galludec, program manager for the World Bank’s Global Insurance Index Facility.
Australian farmer claims A$944,000 for crop failure
The first payout for multi-peril crop insurance in Australia is A$944,000 (£504,000) to a Queensland farmer.
Rural looks to Gallagher for COO hire
Rural Insurance has hired former Arthur J Gallagher operations director Peter Cooper as its chief operating officer.
Rural launches Darlington office with six Towergate recruits
Rural Insurance has opened a new Darlington office led by six underwriters from Towergate-owned BIB.
Claims Club Monthly Missive: Driverless cars, connected homes and PPOs
From Tennessee to London, over the past few months I have heard a considerable amount about the future of insurance.
Comment: Spontaneously combusting hay bales
The summer harvest period is a busy time of year for farmers – and consequently a busy time for the agriculture segment of the commerical lines market. Peter Thompson, divisional director at McLarens company Agrical, explains some of typical challenges…
Catlin provides capacity for Rural's revamped farm cover
Agricultural specialist Rural Insurance has re-designed its farm combined product in collaboration with new capacity provider Catlin Insurance Company.