Property
Ridesharing: Sharing responsibility
The increasing popularity of ridesharing is creating a range of challenges for insurers – particularly when it comes to liability
The calm after the storm
Not wishing to tempt fate, but the current respite from the deluge of rain and heavy winds seen at the start of the year has offered a moment to reflect on our immediate response to an unprecedented volume of storm claims, ranging from minor damage to…
Reinsurer capital up 7% in 2013
Global reinsurer capital totalled $540bn at December 31, 2013, an increase of 7% ($35bn) over the year according to Aon Benfield Analytics.
ABI won’t fight for further Flood Re inclusions despite band H U-turn
Sources say association’s public backing is result of pressure from Westminster.
Q+A: Brad Berg, vice president, energy, Asia-Pacific, AIG
Post interviews Singapore-based Brad Berg, head of energy and engineered risks, global property, Asia-Pacific, AIG about energy risks in Asia.
Bollington signs deal with Keycare on foster care product
Bollington Insurance Brokers has partnered with Keycare to include cover for lost and stolen keys in it home insurance product for foster carers.
Legal update - Alan Bate v Aviva: Court of Appeal dismisses property case after failure to disclose business risk
Mark Aitken examines a case where a high net worth individual failed to give a fair presentation of risk.
Expert Analysis: Spring summary
In his spring analysis, IGO4’s Tom Cooper examines the potential outcomes of the investigation into MFN clauses and highlights the difficult relationship between aggregators and brands.
ABI joins calls for Flood Re U-turn on band H homes
The Association of British Insurers is writing to Environment Secretary Owen Paterson in a bid to facilitate the inclusion of council tax band H properties within Flood Re.
China's property and casualty premiums grew 17% in 2013
According to ratings agency Moody's total Chinese property and casualty premiums increased 17.2% in 2013.
Keelan Westall adds three products to e-trading platform
Hampshire-based broker Keelan Westall has added three products to its residential risks e-trading platform including cover for blocks of flats and a new product for property owners.
Document fraud uncovered amid industry response to floods
Opportunistic fraudsters have been taking advantage of widespread flooding by lodging bogus commercial property and household claims, according to the Absolute Partnership.
Low end HNW homeowners hit with steepest premium increases
The lower end of the high net worth market was hit with the biggest percentage increases in 2013 according to private client broker Castleacre’s high net worth property index.
Aviva contents claimants offered Amazon gift certificates
Aviva is talking up the benefits of a partnership with Amazon that enables the insurer to provide gift certificates to policyholders who have lodged contents claims within 90 seconds via text or email.
Flood Re changes 'arbitrary' claims BPF
Changes to include blocks of three or fewer flats into Flood Re are “arbitrary” and “difficult to understand” according to the British Property Federation.
Interview: Jason Harris: Harris knows the drill
XL’s Jason Harris started his career on the oil rigs of the North Sea before moving into insurance via risk management. He explains the wide scope of his current role and the challenges facing the property and casualty market.
Aviva publishes customer reviews online
Aviva is publishing customer car and home claims service reviews on its website, giving buyers the opportunity to see how others rate the insurer before buying its products.
Allianz agrees asset deal with Italian insurer Unipol Sai
Allianz is to buy part of Italian insurer Unipol Sai Assicurazioni’s property and casualty business in a deal worth up to €440m (£367m).
Axa inks three year Una deal
Axa has joined the strategic insurer panel of independent broker alliance Una in a new three year rolling deal.
C-Suite - Insurer: Flood Re is a PR time bomb
Flood insurance must be all-inclusive, for the sake of both UK homes and the industry’s image.
Ace becomes a chartered insurer in the UK
The Chartered Insurance Institute has awarded chartered insurer status to Ace Group's UK retail property and casualty operations.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
Avantia completes £57m MBO for 'aggressive' growth plans
Online property insurer Avantia has completed a £57m management buy-out backed by private equity firm ECI Partners.
Zurich brand to disappear from comparison sites
Zurich-branded home and motor insurance products will no longer be offered on aggregator sites, the insurer announced today.