Property
Admiral & BGL: Motor rates to slow in H2
Motor rates are likely to slow to single digit levels in the second half of the year, according to analysts, as some players “fight back” from market share losses.
Beazley recruits property underwriter
Beazley has appointed Will Roscoe as an underwriter on the open market property team.
L&G boosts broker force as motor return mooted
Legal & General has revealed plans to recruit a 15-strong team of regional sales & marketing experts to support brokers and intermediaries "on the ground", as it prepares to diversify into motor, pet and travel. Duncan Finch, L&G's managing director for…
PE-backed firm targets GI with ex-Rias head
Online financial services sales and marketing firm Media Ingenuity is in discussion with insurers to support a push into the general insurance personal lines space. It follows the recruitment of the former head of commercial management at Rias and head…
Go Compare to study FSA recommendations
Go Compare has backed the Financial Services Authority's latest set of guidelines for aggregators.
Biba backs regulator's guidance for aggregators
The British Insurance Brokers' Association has welcomed the Financial Services Authority proposed guidance for comparison websites, which it said has addressed its own concerns about consumer detriment.
Airmic 2011: Firms underestimate true cost of major claims
A lack of understanding surrounding the range of uninsured costs and management time wasted means the true financial cost of major property claims are underestimated, says Heath Lambert.
Airmic 2011: Property rates to remain static, says Willis
The cost of commercial property and business interruption cover remains at an historic low, the latest Airmic-Advisen benchmarking survey of 135 Airmic members has found.
Airmic 2011: Intermediaries need to better understand fraud
Insurance fraud is one of the biggest challenges facing the industry, yet 32% of intermediaries are only “somewhat clear” on exactly what constitutes insurance fraud.
CNA Europe appoints European underwriting director
CNA Insurance Company has appointed Mark Beattie to the newly-created role of European underwriting director for its property and casualty business.
Storm surge modelling in Germany
The German coastline suffers from storm risks on a regular basis but a lack of accurate storm modelling has meant property policies have not included cover. Edward Murray reports on how this may be set to change.
New APC policy to cover Olympic tourist surge
Commercial insurance underwriting agency, APC, is to launch a new area rated hotel and guest house product to help UK proprietors to take advantage of the expected nationwide surge in tourist numbers resulting from the Olympics.
Property claims: Surveillance legislation should hold no fear for insurers
Insurers have been told to embrace surveillance and that they have nothing to fear from the legislation surrounding it.
Homecall attracts buyer interest
Grant Thornton has been appointed official liquidator of the failed supplier of emergency cover for homeowners and landlords, Homecall Plus. But uncertainty remains as to whether policies issued in the past five months were backed by an underwriter as…
Property claims: UK businesses have failed to respond to roof collapse threat
The severity of the winter 2010 cold snap exposed a lack of preparedness by UK businesses, according to Huw Chandler, property risk engineering practice leader at XL Insurance.
Property claims: Curb 'hide and seek' culture over claims
Insurers and claims firms have been told to curb "the hide and seek" culture obscuring the cost of claims handling.
Property claims: Lawyer in CFA plea
Non-foreseeability defences, often used in subsidence claims, could be on their last legs, according to a leading lawyer.
Commercial property - Sprinklers: A burning issue
The safety and business benefits of sprinkler systems are undeniable — yet many commercial buildings remain unprotected. David Townsend urges insurers to continue to lead the calls for mandatory inclusion.
Property claims: Businesses must be vigilant over arson threat
A range of effective measures can be used to identify and tackle arson in the UK, according to a claims expert at Crawford & Company.
Imperial replaces Davies
Imperial Consultants is set to replace rival claims firm Davies on Zurich's panel for low-value property repair validation, Post has learnt.
Penny Black's insurance week
Penny cannot help but feel rather jealous of Josh Mitchell, the graduate who has landed a £40 000-a-year job as an 'ambassador' at sporting and musical events for the creatures from the compare the meerkat adverts.
Keelan Westall generates £135k though dormant accounts
Keelan Westall has reactivated almost 100 dormant broker accounts, representing approximately £135 000 gross written premium over a 12-week period, following the launch of its ‘Win Back’ campaign.
Towergate sets £25m target for new in-house e-trading arm
Towergate Underwriting has targeted an additional £25m in gross written premium once its new commercial e-trading proposition goes live this summer. The firm currently claims to control a total of £600m in GWP — of which £75m is through various software…
Legal expenses - ATE: End of the road?
With the government giving the green light to implementation of Lord Jackson's civil litigation reforms, Leigh Jackson details the adverse reaction of legal expenses insurers and whether this sounds the death knell for the ATE market.