Property
Reduced reserve releases impact Beazley profits
Beazley recorded an 18% reduction in profit after tax from $264m (£173.7m) in 2013 to $217.8m for the year ended 31 December 2014.
Allianz Commercial promotes Dixon as casualty boss Dee departs
Allianz Commercial’s head of property insurance Catherine Dixon has had her remit extended to cover property and casualty following the role departure of casualty boss Chris Dee.
Duff and Phelps to acquire American Appraisal
Global valuation and corporate finance advisor Duff & Phelps Corporation has agreed to acquire global full-service valuation and fixed asset management advisor American Appraisal.
Low cat losses sees XL record best COR in over 15 years
XL Group has chalked up its best property and casualty combined operating ratio in more than 15 years after benefiting from one of the lowest catastrophe years in recent times.
Anbang Insurance's New York Waldorf acquisition approved
Chinese insurer Anbang Insurance's $1.95bn (£1.3bn) proposed deal to buy the iconic New York hotel the Waldorf Astoria has been approved.
Australia's National Construction Code available for free
The Insurance Council of Australia has welcomed the availability for free of the National Construction Code.
Home insurance premiums sliding from stability says ABI
The latest figures from the Association of British Insurers’ premium tracker show that premiums for home insurance have begun to decline after previously showing signs of stability.
JLT's Cooper joins Lockton for Australia property role
Lockton has appointed Stephen Cooper as head of its real estate and construction team.
Sentimental items most valued by burglary victims
Six out of ten burglary victims don't ever feel secure in their homes again, according to research by UIA Insurance.
Ping An buys Marsh's UK head office building
Chinese insurer Ping An has bought office and shopping complex Tower Place in the City of London for £327m.
Mobius Underwriting hires underwriter from Allianz
Adam Thackeray has joined Lloyd's coverholder Mobius Underwriting Australasia.
Biba plotting commercial solution for properties excluded by Flood Re
Organisations representing properties excluded from Flood Re remain committed to fighting for the scheme to widen its scope, despite plans by the British Insurance Brokers' Association to provide a commercial solution for excluded parties.
Century targets 20% GWP growth and product expansion in 2015
Commercial motor managing general agent Century Underwriting is eyeing a further 20% gross written premium growth in 2015 after chalking up £15m of GWP during the previous 12 months.
AA index records static home and motor premiums
The average quote for a combined home buildings and contents policy has remained static over the past three months while an average quoted motor premium rose £1, according to the AA's British Insurance Premium Index.
Home businesses call for insurer partners to offer advice
Around 145,000 home-based business owners do not have business insurance because they believe their commercial activities are covered under their home insurance policy, according to Direct Line for Business.
Legal update: Mitigation actions could cut your losses
Michael Burns welcomes a court ruling on the effect of a claimant’s action in mitigation of their loss
Unoccupied Properties: Building an unoccupied checklist
Unoccupied properties are a growing problem for insurers so what should brokers bear in mind when presenting information to underwriters?
Five trends for 2015: Looking to the future
With 2014 receding into the distance, Post took a moment to consider which – if any – of the trends that emerged in 2014 will reach fruition in the next 12 months. Will Back to the Future’s vision of streets awash with hover boards become a reality? Will…
Ex-Gallagher colleagues launch e-trading MGA Modus
A new managing general agent set up by three former Arthur J Gallagher colleagues focused on e-trading has opened for business.
Insurers warned over SSL phoenix company as ex-staff hit out at former bosses
Former insurer clients of defunct loss adjusting firm SSL have been warned to avoid phoenix company Artemis amid criticism of the company directors’ business practices.
BLP recruits former Keelan Westhall MD Tonge
BLP Insurance has recruited the former managing director of Arthur J Gallagher-owned Keelan Westhall as its new head of sales.
Alternative capital to target property, business interruption says Aon
The role of capital markets in reinsurance is likely to continue to grow, according to Aon, which has forecast that investors may seek to expand into new classes of business.
Prosight agrees partnership with Corgi Home Plan
Prosight Specialty Underwriting has been appointed by Corgi Home Plan to underwrite its home maintenance products.
Axa renews £20m deal with Cherish Insurance Brokers
Axa Commercial Lines and Personal Intermediary has renewed a long-standing relationship with Essex-based Cherish Insurance Brokers.