Property
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.
Construction: Building up momentum
With the construction industry seeing steady growth over the past 18 months, traditional risks in the sector are coming under the spotlight again
Gable agrees deal with Norwegian SME trade body
Liechtenstein-based insurer Gable Holdings has partnered with a Norwegian trade association in a deal worth £15m GWP per year.
80% of EU risk managers to buy more multinational cover by 2017
An Ace survey has revealed more than 80% of risk managers at European companies expect to increase their purchases of multinational insurance programmes over the next three years.
Top 100 UK Insurers: AM Best Commentary: The lie of the land
Falling rates and low returns on investment continue to dog insurers, while the impact of regulation is being felt across the sector
Nationwide, Hiscox and LV top Fairer Finance rankings
The latest rankings from consumer campaign group Fairer Finance have handed top places for Car, home and travel insurance providers to Nationwide, Hiscox and LV, respectively.
ABI research shows insurers paid £32.1bn in claims last year
The amount paid out by UK general insurers on claims last year increased by £1.5bn on the 2012 figure of £30.6bn, according to the Association of British Insurers' UK insurance key facts 2014 research.
Touchstone prepares first product launch on e-trading platform
Touchstone Underwriting will launch the first of its online products onto its e-trading platform on 1 October, ahead of plans to introduce a raft of additional web-based offerings.