Property
Davies Group appoints new head of subsidence
Loss adjusting firm Davies Group has appointed Greville Marchant as associate director and head of Davies subsidence and surveying.
Argenta bolsters Syndicate 2121 with double hire
Argenta Syndicate Management has appointed two UK property and liability underwriters to Syndicate 2121.
ABI household premium tracker depicts stable home insurance market
The price of home insurance has remained stable over the last year despite rises in some average claim costs, according to the Association of British Insurers Average Quarterly Household Insurance Premium Tracker launched today.
AIG reports 23% Q3 group post-tax profit leap
AIG's property casualty division has recorded a combined operating ratio of 102% in the third quarter of 2014 alongside a divisional pre-tax operating income of $1.1bn (£687m).
Zurich bringing commercial claims process in line with Insurance Bill ahead of legislation
Zurich is to adopt the Law Commission's recommendations on the new Insurance Bill before it is formally adopted as law ahead of the next election.
RUP Commercial rebrands to Century Underwriting
Motor managing general agent RUP Commercial Risks has changed its name to Century Underwriting as it looks to expand into liability and property insurance.
LV's O'Roarke says motor book has shrunk to ‘optimal' level
LV's private motor book has shrunk to near-optimal size, according to general insurance managing director John O'Roarke, who said the firm will continue to seek growth in commercial and household lines.
P&C sector sees largest reserve release since 2007, according to Guy Carpenter
The property and casualty sector recorded in 2013 the largest reserve release of the most recent accident year since 2007, according to research from Guy Carpenter.
Blog: Top 5 TV insurance claims
How much would the insurance claim for the Downton Abbey fire have been? Would JR Ewing's demand following the destruction of Southfork have resulted in a $40,000 monthly hotel bill? Crawford & Company's UK Major Loss team calculates the cost of these…
Tesco Bank partners with Axa Assistance on home cover
Tesco Bank has completed a deal with Axa Assistance that will see the insurer serve as home emergency cover provider.
Home insurance profitability to end in 2015 says EY
The UK’s home insurance market is set to end a long run of profitability, according to figures from EY.
Home premiums down by 3% over Q3
Home insurance prices are continuing to fall, according to the latest figures from The AA, with reductions wiping £20 off an average combined buildings and contents policy over the last year.
UK General axes first 100 commercial brokers
UK General managing director Mike Keating has told Post the insurer has already ended 100 relationships with commercial brokers as it seeks to cut back more than a thousand partnerships.
Paymentshield adds Zurich to home insurance panel
Paymentshield has added Zurich to its home insurance panel amid plans to attract other insurers as well.
Furniture giant Ikea enters insurance market
Homeware retailer Ikea has entered the Swedish insurance market selling child and pregnancy policies with a trial of home insurance products planned for the coming weeks, according to reports.
Europe: Q&A with Bart de Smet, Ageas
Ageas is committed to the UK's motor sector despite its volatility, according to group chief executive Bart de Smet, who adds that the firm is always keen to gain from consolidation elsewhere.
Biba prioritising sharing economy as 2015 manifesto issue
The British Insurance Brokers' Association has confirmed its support for the sharing economy by its intention to include it in its 2015 manifesto.
28% of consumers cutting back on insurance because of cost
Almost a third of Britons have cut back on their insurance purchasing because they could not afford it, according to figures from Close Brothers Premium Finance.
Hilton sells iconic New York hotel to Chinese insurer for £1.2bn
Beijing-based insurer Anbang Insurance Group has purchased the Waldorf Astoria for £1.2bn ($1.95bn) from Hilton Worldwide owned by the Blackstone Group.
Property director Fice quits QBE
QBE’s property director Peter Fice has quit the Australian insurer after six years.
Saga selects Arc Legal for landlord legal expenses cover
Saga has chosen Arc Legal Assistance to provide a landlord legal expenses policy within its landlord home insurance product.
Brokers urged to offer ancillary cover outside of renewal cycle
Brokers are missing out on key revenue opportunities from ancillary products according to research conducted by Astrenska, Collinson Group’s underwriting division.
Lloyds Banking Group brings home insurance underwriting in-house
Lloyds Banking Group has become sole underwriter of all its home insurance policies after exiting its existing panel.
RSA appoints Cotton as real estate director
RSA has appointed Rachel Cotton as real estate director for its risk managed business.