Property
IFB joins forces with City Police as Cheatline calls reach all time high
The Insurance Fraud Bureau is to support City of London Police with 'Wise Up', a three week fraud awareness campaign which begins on 18 August.
Aegis London appoints new specie team
Aegis London has announced the appointment of a new specie team led by Ian Seakens, senior underwriter, and supported by Ian Morton, underwriter.
Dual in SME e-business launch
Dual Corporate Risks has launched an e-business strategy targeting small businesses.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Fitch assigns German Provinzial Nordwest Group A+ rating
Fitch Ratings has assigned German property and casualty insurer Westfaelische Provinzial Versicherung AG and the life insurer Provinzial Nordwest Lebensversicherung AG insurer financial strength ratings of 'A+' with stable outlooks.
Groupama UK profits up 30% to £13.7m for H1 2010
Groupama's combined UK operations have recorded a pre-tax profit of £13.7m for the first six months of 2010 (H1 2009: £10.5m).
GAB Robins targets insurer claims
Loss adjuster GAB Robins is set to target insurers with a service which provides clients with additional claims handling capacity during busy spells.
Empty schools at risk of metal theft this summer
Ecclesiastical has warned that this summer holiday British schools are at risk of having valuable lead stripped from their roofs by criminals, causing major damage and leaving the buildings vulnerable to flooding.
Allianz Group operating profit up 22% in H1 2010
Allianz Group has recorded a profit of €3.9bn in the first half of 2010, a €0.7bn increase from the same period in 2009.
Catlin profits fall $154m in 2010 H1 results
Catlin Group has posted a pre-tax profit of $86m in its half year results, (H1 2009: $240m), as the insurer recorded a combined operating ratio of 97%.
Lancashire shrinks property book by 35.4% in Q2 2010 results
Lancashire Holdings this morning reported a fall in gross written premium, net written premium and net operating profit to $232.1m in the first half of 2010 to $232.1m (H1 2009: $241.9m), $218m (H1 2009: $238.7m) and $77.8m (H1 2009: $103.3m)…
Howden appoints legal panel
Howden has created a panel of law firms to provide a range of legal services to its surveying clients.
RSA results reveal 9% NWP growth for H1 2010
Insurer RSA’s UK net written premiums increased by 9% year on year to £1.46bn in the first half of 2010 (H1 2009: £1.34bn) according to its latest financial results.
Aggregator spend to shift to emerging markets
The success of price comparison sites in the motor insurance market will be replicated in other personal lines, key aggregators have claimed.
Lloyds Bank PPI sales fall 23% in H1 2010 results
Lloyds Banking Group has reported that profit before tax and fair value unwind from its general insurance increased by 5 per cent to £195m in the first half of 2010, "due primarily to lower claims and reduced operating expenses".
L&G to roll out household TV ads after admitting motor re-entry is on hold
Legal & General has admitted that it has put plans to re-enter the motor market on hold.
Moneysupermarket sees insurance reveune increase 9% to £40.6m in H1 2010
Moneysupermarket this morning reported that revenue from its insurance division for the first six months of 2010 increased 9% to £40.6m (H1 2009: £37.1m).
L&G H1 2010 result reveals £14m general insurance profit
This morning Legal & General reported a £14m general insurance profit for the six months to 30 June 2010 (H1 2009: £6m). £11m of this was attributable to its household book.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
Nationwide to review household
High street building society Nationwide is undergoing a review of the household insurance market in a move that might unseat its long-term affinity partner Royal Bank of Scotland Insurance.
Mitie targets top spot in property claims sector
Strategic outsourcing specialist Mitie has unveiled ambitious plans to become the leading property claims company within five years, after announcing its entry into the market this week.
IFB and Police conclude household fraud operation
The Insurance Fraud Bureau and Lancashire Constabulary today concluded 'Operation Flash’ at Preston Crown Court.
Marsh Q2 2010 results show double digit growth in Asia
Marsh & McLennan has today reported that its risk and insurance services arm, Marsh, recorded revenue of $1.5 bn (£942m) in the second quarter of 2010, an increase of nine percent from the same period in 2009, or one percent on an underlying basis.