The 'Beast from the East' has killed sheep, stopped milk collections and destroyed farm buildings. Graham Plaister, loss adjuster at Agrical, describes the tempest of claims blowing through the sector.
The 'Beast from the East' and storm Emma have caused a surge in escape of water claims, notes Clive Nicholls, UK and Ireland CEO of Crawford & Company, urging the insurance industry to unite to promote preventative measures.
No stone is being left unturned by the government in its aim to make renting fair and reasonable. Marc Brewer, underwriting manager for professional risks, Tokio Marine HCC, says it could prove a tough year for the letting industry.
Non-damage business interruption has long existed in the maritime sector and could come ashore for companies looking to protect themselves, especially from cyber risk, explains David Williams, underwriter at The Strike Club.
The major rating agencies have unanimously taken rating actions on both Axa and XL Group following the recent announcement that the French insurance giant is looking to acquire 100% of the specialty insurer.
Esure has reported a pre-tax profit of £98.6m for the year ending 31 December 2017.
The industry is counting the cost of ‘the Beast from the East’, with motor insurers in particular facing claims of up to £33m.
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
The news that Axa is to spend $15.3bn (£11.1bn) to acquire XL Group will certainly get the insurance boards around the world chattering.
Axa has entered an agreement to acquire 100% of XL Group for $15.3bn (£11.1bn).
RSA UK saw its combined operating ratio for commercial operations deteriorate to 108.1% over the course of 2017.
As the cyber insurance market grows, a specialised process to support cyber claims could make or break insurers. Tom Spier, director of international business development at Cyberscout, reveals how insurers are doing in this market.
Allianz UK CEO Jon Dye has declined to comment on recent speculation that the group is looking to acquire XL.
Many opportunities are missed to make properties flood-resilient instead of just repairing them, write Dr Jessica Lamond and Dr Rotimi Joseph, respectively associate professor and visiting fellow at the University of the West of England Bristol. They…
Over half of UK homeowners believe it is acceptable to omit or adjust information in their application to keep their insurance premiums low, according to survey findings.
Blog: Mystery deepens as founder and funder of peer-to-peer insurtech Hey Guevara deny knowledge of relaunch
You can never keep a good revolutionary down.
Insurers want to tackle the rising costs of escape of water claims but not enough are investigated to detect fraud or identify third-party liability, argues John Gow, operations manager and senior investigator, IFIC Forensics.
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Berkshire Hathaway Specialty Insurance Company has received its insurance license from the Dubai Financial Services Authority and established an office in the Dubai International Financial Centre.
Insurtech start-up Policy Castle has become the latest venture to seek funding, with a stated ambition to raise £1m.
Emerging Asia is set to remain the world’s fastest growing general insurance market in 2018.
Lloyd's and the London market are trying to win back their market shares in Asia, as the region is experiencing the world's most dynamic growth for the insurance industry.
James Tucker, smart technology manager at Allianz, explains why insurers should consider creating an all-encompassing personal cyber cover.