Property
Prior reserve release staves off RSA underwriting loss
Prior year reserve releases of £267m have helped insurer RSA avoid posting an underwriting loss of £29m for 2010.
Postbox: staying ahead of the game
The recent article ‘Brokers unprepared for household fraud’ concerning a Legal & General report raised some interesting issues for the broking community.
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
Disagreement likely over Middle East property cover
Law firm Clyde & Co has claimed that property damaged during the civil unrest in the Middle East and North Africa could fall under either all risks property cover or political violence insurance.
WNS opens new offices
Staff working for the new property claims business at WNS Assistance, have moved into new premises from today.
An aggregator explosion in France?
It’s an exciting time for the price comparison market in France.
Lloyds Bank GI profit rises 1% to £372m
Lloyds Banking Group this morning reported that its profit before tax and fair value unwind from general insurance increased by 1 per cent to £372m in 2010.
Ironshore names property SVP
Ironshore has appointed Daniel Owen as senior vice president of its global property builders risk division.
Keelan Westall sets £1m target for online launch
Barbon-owned wholesale property broker Keelan Westall is planning to launch an online trading platform in a bid to make transactions with its partners more efficient.
Interview - Paul Evans: Axa's split decision
CEO Paul Evans didn't hang about when it came to splitting Axa UK's personal and commercial businesses - and now he's promising brokers great service, products and relationships, as Jonathan Swift discovers.
Escape of water claims: Trickle becoming a torrent
Escape of water now represents the same proportion of household claims as personal injury does for motor. Kevin Kiernan looks at this growing trend and how it can be addressed.
No-claims household insurance discount considered by Axa
Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related losses and improve its book's profile.
Boisseau urges insurers to heed big freeze wake-up call
Groupama Insurances' chief executive has claimed the December freeze ought to have been "a wake-up call" for the insurance industry and claimed that Association of British Insurers' £1.4bn loss estimate is an "underestimation".
Post Magazine – 24 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
No-claims household insurance discount considered by Axa – Insurance News Now – 24 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including how Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related…
Suncorp faces NZ$60m exposure to Christchurch quake
Australian firm Suncorp, one of the most prominent insurers in New Zealand, has claimed it is “well protected” against losses arising from the Christchurch earthquake.
Aon Benfield: 712 000 people exposed to NZ earthquake tremors
Aon Benfield has estimated that the magnitude 6.3 earthquake in Christchurch, New Zealand, could have been felt by close to 710 000 people in the country.
Dual appoints property head
Dual Corporate Risks has appointed Markel's former international property division managing director to run its international property business.
Plum looks to boost team following growth
Non-standard household insurance specialist Plum Underwriting has said it is on the look-out for underwriters to join the business after its sales increased by 54% and its agency base doubled in the last 12 months.
Channel Syndicate appoints property division head
Lloyd’s Channel Syndicate 2015 has appointed David Leathem as head of its property division.
Mitsui strengthens Lloyd’s team
Mitsui Sumitomo at Lloyd’s has made five appointments to it’s corporate, mid-market and regional distribution teams.
Groupama UK profit rises 70%
Double-digit premium rate growth in private motor supported a 4.6% revenue growth for Groupama Insurances to £470.9m in 2010 (2009: £450.3m).
LV Broker makes double appointment
LV Broker has named Iain Thomas as head of personal lines sales and Ian Stammars as home senior underwriter.
Egypt could have bright insurance future
The future of the insurance market in Egypt depends on smooth transition to a new political landscape, according to Cunningham Lindsey.