Property
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.
Barbon signs RDG as let property claims handler
Barbon Insurance Group has appointed Ryan Direct Group as claims handler for its let property book of business in a three-year deal.
Taiwan life insurer buys Madame Tussauds' building
Taiwan-based Fubon Life has bought the building which houses iconic London attraction Madame Tussauds for £348.8m.
Product for non-insured Italian real estate risk developed
Besso Insurance Group have teamed up with Secure Legal Title to launch an insurance programme which mitigates a risk, never before covered by insurance, inherent in certain Italian real estate transactions.
Super speed meets: Neil Richards-Smith
Neil Richards-Smith is group MD, NCI
Arista picks Davies as claims handling partner
Arista Insurance has partnered with Davies Managed Systems to handle all of its property and liability claims.
Davies forges claims handling deal with MGA Imperium
Managing general agent Imperium Insurance Management has appointed Davies Group to handle its property and liability claims as well as providing loss adjusting and supply chain services.