The "significant" impact of river flooding is expected to persist over the next few days, the Environment Agency confirmed, as insurers continue to receive a surge of claims on the back of storms Dennis and Ciara.
There was “a very large number of factors” behind the significant drop in operating profit at Allianz UK in 2019, according to CEO Jon Dye.
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.
The changing global climate has once again brought widespread flooding to the UK and this extends far beyond coastal and river flooding, writes Neil Stothert, managing director at RSK Raw.
Composite insurance pricing in the UK rose by 13.7% in the fourth quarter of last year according to research by Marsh.
Storm Dennis will hit the UK this weekend, following a claims surge and disruption from last weekend's Storm Ciara.
Insurers and loss adjusters are reporting a surge in claims and calls, as they warn more disruption and damage is expected after Storm Ciara hit the UK over the weekend with winds of more than 80mph.
The final countdown has started for entries for the 2020 Post Claims Awards.
Allianz has called on brokers to be more proactive in discussing the implications of financing agreements on clients’ insurance policies, warning that the conditions being requested by lenders are becoming increasingly onerous.
Aviva general insurance CEO Colm Holmes has said that claims inflation is far exceeding expectations, pinning the blame on poor driving.
Insurance losses resulting from severe weather conditions from 19-21 January in Australia, are estimated to be A$514m (£269m), according to the Insurance Council of Australia
Australians whose property has been damaged by the ongoing bushfires should beware of “fictitious or unscrupulous tradespeople, repairers or firms offering to assist them with their insurance claim”, the Australian Securities and Investments Commission…
James Long assumed the position of managing director at Charles Taylor-owned loss adjuster Criterion in 2018, after 6 years at the company. He spoke to Post about the challenges the high net worth sector is facing, as well as predictions and plans for…
Insured losses resulting from bushfires ravaging the Australian states of New South Wales, Victoria, Queensland and South Australia are estimated to have reached A$995m (£524m), according to the Insurance Council of Australia.
Insurance losses resulting from months of deadly bushfires in Australia are estimated to be A$431m (£228m), according to the Insurance Council of Australia.
There was adequate capacity to meet rising demand in the reinsurance sector during the 1 January 2020 renewal period, according to Guy Carpenter, however the results for buyers were mixed depending on a range of factors.
UK motor liability reinsurance rates for some accounts rose by up to 35% in the annual January renewal season, according to Willis Re.
The idea of a Flood Re Plus scheme has been mooted by Airmic as a solution for those businesses that struggled to obtain flood cover
Ardonagh has cut its carrier relationships from 940 to 700 in the past six months with an eventual target of below 200, Paul Dilley, CEO of Geo Underwriting told Post.
MS Amlin will stop writing corporate property, real estate, casualty and package binders through its UK property and casualty business on 31 January 2020, the insurer has confirmed.
The SME market is changing, with more IT consultants, gig workers and freelance project managers emerging alongside traditional businesses. To support both the old and new Helen Bryant, director of SME markets at Allianz Insurance, argues the insurance…
Victor Insurance will operate at Lloyd’s as a “virtual syndicate” writing follow-on business as it looks to provide its capital partners opportunities to participate in risks around the world.
The outlook for the global property and casualty insurance sector is stable based on economic growth, good insurance capitalisation and positive P&C pricing trends, Moody's has said, as it flagged continuing catastrophe exposure.
As awareness of the damage we’re doing to our planet grows, sustainability is firmly on the corporate agenda, writes Graham Gibson, chief claims officer at Allianz Insurance. Finding ways to reduce our environmental footprint and safeguard the future for…