Property
Arc Legal supports launch of non-standard home broker
Arc Legal Assistance is to provide legal expenses insurance for Intelligent Insurance, a new direct to consumer home insurance broker for both standard and non-standard risks.
Canadian purchaser buys 3 Minster Court for £170m
Canadian company Ivanhoé Cambridge has bought City of London property 3 Minster Court for more than £170m.
Esure's Vann commends ‘solid' results despite 12.8% profit drop
Esure reported a 12.8% decline in pre-tax profit for the year ended 31 December 2014 with the decrease attributed to costs related to the group's acquisition of the remaining 50% stake in Go Compare.
Pen signs property claims outsourcing deal with RDG
Doncaster-based Ryan Direct Group will handle a proportion of Arthur J Gallagher managing general agent brand Pen Underwriting’s property claims after agreeing a collaborative claims management model.
Blog: Surveyors' duty of care - recent decisions from the courts
Over the past year, the courts have handed down a number of judgments providing guidance about when a surveyor will owe a duty of care, and what the extent of that duty will be.
Paymentshield secures extension to MAB distribution deal
Paymentshield has confirmed its distribution agreement with Mortgage Advice Bureau has been extended to 2017.
Commercial Lines Fraud: Commercial stumbling block
With the fight against fraud in personal lines being increasingly successful, fraudsters are beginning to target the financially viable commercial sector
RK Harrison and Hyperion seal merger agreement
The long awaited merger between RK Harrison and Hyperion has been agreed between the two brokers.
MA Group launches high value property repairs service
Cipher UK, a new national property repairs service for insurers has been launched today (2 March) by the MA Group, specialising in complex and high value repairs up to £500,000.
Lloyds Bank GI profits hit by early 2014 storm claims
The impact of storm claims in the first quarter of 2014 and the continued run-off of legacy books resulted in Lloyds Banking Group posting a £41m drop in underlying profit for its general insurance business last year.
FM Global reports 79.4% COR for 2014
FM Global reported a combined ratio of 79.4% in 2014 alongside a 2% increase in net premiums to $3.6bn (£2.3bn).
Evans declares Axa five-year turnaround plan 'job done'
Axa UK and Ireland CEO Paul Evans has described the five year turnaround plan unveiled in 2011 as “job done” a year ahead of schedule.
Ace makes underwriting personnel changes in Australia
Ace has made several changes and promotions in its Australian underwriting team.
Axa tipped to make £300m bid for Pinnacle plot
Axa is poised to buy the site for what was intended to be London’s tallest skyscraper, according to reports.
Innovation report predicts shake up of property market by digital 'revolution'
Property claims handling and risk management in the UK is on the threshold of a technological revolution similar to that being experienced in the motor market, according to a report published today (19 February) by the Innovation Group.
Perils estimates January windstorm damage
Catastrophe insurance data provider Perils has estimated the insured property market loss for damaged caused by the Elon-Felix windstorm to stand at €328m (£242m).
Flood Re to drive household rates rise in 2015, claims L&G boss
The expense of complying with Flood Re will help drive single digit rate movement in the household market this year, according to Legal and General director of general insurance Mark Holweger.
C-Suite - Insurer: Offering true customer service
Companies sometimes forget that they need to fulfill a claimant’s needs rather than their own
Steadfast buys underwriting agencies and broker from QBE
Australian insurance group Steadfast has bought two underwriting agencies and a broker from Australian giant QBE for A$290m (£147m).
Ageas UK CEO Watson says 2014 results show insurer in ‘good shape'
Ageas UK saw a leap in net profit for the year ended 31 December 2014 to £94.7m from £85.2m in 2013.
Insurers must be ready for more business interruptions
The issue of a cyber-attack causing a business interruption is growing, delegates at the Advisen Cyber Risk conference in London were told today (10 February).
Home market failing to price for long-term weather risk
The home market remains significantly more profitable than its motor counterpart but insurers may be failing to price for long-term risk, market analysts fear.
Terrorism: Defusing the terrorism bomb
Despite recent terrorist attacks, the insurance market remains resilient, with losses in property damage and business interruption remaining low. However, what effect will the changes to Pool Re have?
China's Sunshine buys unopened New York hotel
Sunshine Insurance is set to pay $230m (£151m) for luxury New York property the Baccarat Hotel.