Property
Aviva signs seven-year distribution agreement with TSB
Aviva has signed an exclusive seven-year distribution agreement with TSB covering the distribution of Aviva’s core general insurance products including home, travel, motor, pet, and commercial insurance through TSB’s branch network, online and via…
Blog: Why £200m Nationwide household loss might not be a big deal for DLG
Direct Line Group CEO Paul Geddes was bullish today when the insurance group released its half year results.
DLG operating profits increase £100m as COR drops to 89.4%
Direct Line Group has reported a £100m increase in operating profit for the six months ended 30 June 2015 and a 6.7 percentage point increase in its combined operating ratio.
Top 30 European Insurers: The cream of the crop
Post, in association with AM Best, has compiled a list of the top 30 European non-life insurers. How have the rankings changed since 2013 – and how have currency fluctuations changed the standings of those dealing primarily in US dollars?
Blog: What's your clients' summer protection factor?
The summer months can see increased liability when it comes to contents cover, says L&G's Kevin Roberts
Swiss Re delivers 11% boost to income despite 'economic uncertainty'
Swiss Re CEO Michel Liès has hailed his firm’s “solid set of figures” for the opening six months of 2015, amid “uncertainty about overall economic growth” around the world.
Venetico to lead Generali's Asia commercial property underwriting
Industry veteran Joe Venetico has been appointed head of property underwriting, Asia for Generali global corporate and commercial.
Sun Life targeting 250,000 customers for new GI arm
Sun Life is aiming to sign-up around a quarter of a million policyholders to its general insurance division inside the next four years and is already setting its sights on the motor market.
Home of the future
The connected home has the potential to revolutionise living space as we know it.
Consumers considering cutting coverage in wake of IPT rise
The government’s decision to hike insurance premium tax will trigger a surge in customers moving to new providers and cutting back on or cancelling policies, according to research by Consumer Intelligence.
Sun Life launches into GI market with appointment of Stanney
Ex-Castle Cover products director Simon Stanney has been hired to spearhead Sun Life’s foray into the general insurance market.
Lloyd's underwriters create Asia-Pacific excess consortium
A new Asia-Pacific excess of loss property cover is led by Atrium and provides $25m (£16m) of loss capacity up to 100% of excess layers.
L&G predicts end of soft market after AA index results
Legal & General has suggested the AA Premium Index's second quarter 5% rise in motor premiums could signal the end of the soft market cycle in the general insurance market.
Home and motor policy prices rise in Q2, AA index finds
Average motor and home insurance premiums have risen during the second quarter of 2015, according to the AA's British insurance Premium Index.
Towergate Underwriting welcomes LV Broker to home syndicate
LV Broker has joined Towergate Underwriting’s home syndicate alongside Allianz, in an agreement that will run for an initial term of five years and is expected to be worth more than £110 in gross written premium.
Cobalt boss heralds London as Islamic insurance hub after portfolio win
Shariah compliant underwriting agency Cobalt Underwriting has secured a major property portfolio placed by Lockton’s real estate and construction practice.
L&G swaps Be Valued with RDG in its household supply chain
Legal and General has signed a three year contents claims handling partnership with Ryan Direct Group after the insurer’s previous relationship with Be Valued ended with the claims management specialist placing its service into run-off.
Court clarifies commercial term in warehouse fire ruling
A 7 July Court of Appeal ruling will give the insurance industry clarity on the meaning of the widely used term "unattended" in the context of commercial premises, according to law firm RPC.
Birmingham top UK area for jewellery claims
Birmingham received more claims for lost and stolen jewellery than any other UK area in 2014, according to research from Churchill Home Insurance and LMG Jewellery.
AA sees spate of motor claims from ‘giant' hailstones
AA Insurance estimates hailstorms last week in the north east of England have damaged 1700 cars worth up to £1.5m.
Editor's comment: Learn your motoring history
The motor insurance market as a whole has reportedly failed to make an operating profit since 1994, despite some isolated pockets of success. Some analysts, such as EY, predicted an increase of around 2% in motor rates this year – which will end the 13%…
Home insurance market to be close to underwriting loss by 2016
Insurers are in danger of presiding over an underwriting loss in the home insurance market for the first time since 2007 if underlying profitability continues to be hampered by falling premiums.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Axa and Lockon join forces to win Regis property deal
Axa is to provide insurance for property group Regis’ ground rent portfolio following a deal with Lockton.