Property
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.
Trust Insurance Campaign: A thirst for knowledge
The Chartered Insurance Institute’s Made Simple campaign is the result of a year spent listening to customers and realising how much uncertainty surrounds insurance – and how much the buying public wants to learn.
RSA boss Lewis hopeful for Irish division turnaround in 2016
RSA UK and Western Europe CEO Steve Lewis is confident the insurer's Irish business will be moving towards profitability in 2016, but has admitted there is still a lot "heavy lifting" to do in the division.
DLG sees GWP dip marginally in Q1 as costs plummet 10%
Direct Line Group has delivered a 0.9% dip in gross written premiums for the first quarter of 2015 after attributing a 1.3% reduction in in-force policies to a fall within its partnerships channel.
Heritage Crafts: The end of an era?
Historical buildings like ITV’s Downton Abbey, are facing an uncertain future as heritage crafts decline. What can be done to preserve our national heritage?
Landlords: Bring on the subs
Plans to stop landlords preventing sub-letting have split opinion, with some insurers predicting a hike in premiums, while others claim the risks could be managed.
Iceberg Basements: What lies beneath
Iceberg basements have made media headlines as the mega-rich create extra room for their luxurious lifestyles. These developments also throw up a unique set of challenges for insurers.
ABI premium tracker shows home rates down 2% in Q1
Home insurance rates continued to fall in the first quarter of 2015 with an average combined building and contents policy now costing 79 pence a day, figures from the Association of British Insurers showed.
New South Wales storm claims rise to 24,250
There have been 24,250 insurance claims so far after this week's powerful storm in New South Wales.
Video: New Zealand earthquakes
New Zealand insurance industry leaders give Post reporter Katie Marriner an update on progress in Canterbury following the earthquakes of 2010 and 2011.