Property
Axa confirmed as business insurer for Reeves furniture store
Axa has also confirmed it is the co-insurer for Party Superstore in Clapham and the sole insurer for fashion store Intense and Funky in Tottenham.
RSA insurer for Sony Warehouse building
RSA is the insurer for the Sony Warehouse building in Enfield which was destroyed by fire during the riots on 8 August, Post understands.
Zurich UK warns of commercial lines 'market correction' if rates do not rise
Zurich UK says raising personal line premiums by 18% for the past two years and commercial rates by 3% helped it to a half year operating profit of £71m, up £8m or 13% on the same period last year.
Post history – 50 years ago: Insurer deal struck on flood cover
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Insurer estimates hit £750m as city riot damage racks up
RSA, Aviva and Axa are likely to incur the biggest losses from commercial property claims with the latest riot bill estimate hitting £750m, as Post went to press.
Mitsui poaches Catlin pair in Midlands market push
Mitsui Sumitomo has enticed an underwriting duo from Catlin to spearhead its regional mid-market push in the Midlands, Post has learnt, having earlier lured a team from Chubb to build its presence in Ireland.
Quadra lures back previous customers
A Manchester-based loss adjusting firm, created by the founders of Carr Greenwood Smith, has won back old customers UK General and Ecclesiastical following its split from Merlin in March last year and recruited more than a dozen employees.
Charles Taylor adjusting appoints Andrew Homewood
Charles Taylor adjusting is further increasing its property & casualty loss adjusting capability with the appointment of Andrew Homewood as director, non marine.
Insurance Insight August: Exclusive commercial property and captive domicile content now live
Insurance Insight August is now live with look at commercial property in the Benelux region; innovation in the captive domicile market; and an interview with Now Health International.
Commercial property Benelux: the bottom of the market?
The commercial property market in Benelux remains soft but as premium hit rock bottom Sam Barrett looks to see if changes are on the way.
Global storm activity increased in July
Aon Benfield's Impact Forecasting has revealed that July was characterised by an increase in global tropical cyclone activity as the calendar turns to the Atlantic Hurricane Season reaching its historical peak of activity.
Allianz UK arm sees benefit of 4.6% rate increases with H1 GWP uplift
Allianz’s combined written ratio has depreciated slightly to 96.2% (2010 - 95.3%) for its half year results for 2011.
Swiss Re reports second quarter P&C COR of 78.4%
Swiss Re has reported a net income of $960m (£587m) in the second quarter of 2011, compared to $812m in the same period of 2010.
Aviva hails UK GI performance as overall operating profit rises 5%
Continued strong motor rate increases in the first half of 2011 have helped Aviva post a combined operating ratio of 96% for its UK general insurance business (H1 2010: 98%), with personal motor pushing through 21% alongside a net written premium rise of…
Allianz selects repair partners
Allianz has selected building maintenance firm Mitie and insurance repair specialist MA Assist for its nationwide building repair.
Penny Black's insurance week
Penny likes to think she scrubs up pretty well but she was certainly left in the shade when tan-tastic The Only Way is Essex star Amy Childs strutted past in Soho during a coffee break with Concise PR director Alex Wise.
Post history - Five years ago: Studio blaze raises fire questions
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Allianz beats Aviva and Zurich in resort deal
Allianz Commercial has landed a £200 000 three-year deal with a luxury spa resort and golf club that hosted the Ryder Cup last year.
L&G reports 92% GI COR and £17m operating profit at the half year
Legal and General has reported that its general insurance business has made an operating profit of £17m for the half year to 30 June 2011, up from £10m in 2010.
Mphasis acquisition broadens reach
IT services company Mphasis has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of insurance policy administration solution Wynsure.
European brokers set to benefit from IP growth
The value of intellectual property has come to the fore in recent months and according to Sam Bobo smart European brokers will be investing in developing insurance for this area in order to corner an expanding market.
Mobile phone insurance: We've got your number
Mobile phone insurance is a high-frequency claims product but has been criticised by the ombudsman and consumer groups. Ralph Savage reviews the sector to discover if this niche is offering value for money.
Fraud - Statistical analysis: Protect yourself
As analysis reveals the shifting depths and demographics of insurance fraud, identity validation and verification must come to the fore, writes Nick Mothershaw.
Fraud - Household: Opportunity knocks
Household fraud is on the rise according to insurers. Callum Brodie attempts to find out why and what the industry can do to prevent it.