Property
BPF urges MPs to support Water Bill amendments
The British Property Federation is urging politicians to support Water Bill amendments being tabled in the House of Lords that would extend affordable flood insurance to excluded groups.
Household premiums tipped to rise as adverse weather takes hold
Property premiums could be set to rise in 2014 as mounting flood losses begin to take their toll on insurers, according to Deloitte insurance partner James Rakow.
ICAT and Ariel partner on US SME cat coverage
US property catastrophe insurer ICAT has partnered with Ariel Syndicate to deliver additional risk capacity to catastrophe-exposed small and medium sized businesses in the US.
High-net-worth insurers fight Flood Re exclusion of highest council tax bands
Properties in band H will not be covered but insurers still have to pay levy
International: The key to protecting property
With economies recovering across Europe, the property market is beginning to show signs of movement again. But with the credit crunch still fresh in people’s memories, insurers are seeking to reassure those feeling cautious about property transactions.
Flood losses not expected to arrest premium decline, claims Moody's
Widespread flooding over the Christmas period is unlikely to reverse the decline in property insurance premiums, despite the impact of the adverse weather conditions negatively affecting insurer’s earnings, according to Moody’s.
LV CEO predicts 2014 motor recovery following £40m GWP drop
LV has recorded a £40m drop in general insurance gross written premium for the 12 months ended 31 December 2013 while total in-force policies grew by 300 000.
Markel promotes two on property treaty team
Markel International has promoted Nick Hillman and Nick James to senior underwriters on the property treaty account in its specialty division.
Industry facing £426m bill for Christmas floods
The insurance bill for storm and flood damage over the 2013 Christmas and New Year period will cost the industry around £426m, according to the Association of British Insurers.
Chinese insurers investing heavily in Australian property
Chinese insurers are set to ramp up investment in Australian commercial property by 30% this year.
Proximity to schools and supermarkets used in claims propensity study
Homeowners in certain parts of Sheffield, Newcastle-upon-Tyne and Kent are among the most likely to make a home insurance claim, according to a study conducted by Marketing Matrix.
Manchester and London most targeted by home burglars
Manchester suburbs Barlow Moor and Chorlton-cum-Hardy were ranked top of a Money Supermarket list of UK areas most likely to file a home insurance burglary claim.
BPF brands ABI Flood Re claims ‘misleading’
Claims from the Association of British Insurers that the Government’s new flood insurance scheme, Flood Re “will cover domestic properties regardless of whether leasehold or freehold”, have been branded misleading by the British Property Federation.
Europe: Title insurance
With economies recovering across Europe, the property market is beginning to show signs of movement again. But, as the credit crunch is still relatively fresh in people's memories, insurers are looking to provide reassurance to those feeling more…
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Allianz seeking €1.2bn asset deal with Italian insurer
Italian insurer Unipol Gruppo Finanziario is considering a proposal from Allianz to buy €1.2bn (£987m) of insurance assets.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
Amlin Europe opens German office
Amlin Europe has expanded its non-marine business opening an office in Hamburg following approval from German and Dutch regulators.
Your say: Recent deluge could open the floodgates on asbestos risk
The recent floods that have devastated many parts of the UK could have unexpected consequences by increasing the risk of asbestos exposure.
Covéa insourcing Cunningham Lindsey property and liability claims
Covéa is taking management of all property and liability claims in-house, moving work away from adjusting giant Cunningham Lindsey, Post can reveal
Coast hires Hawkes to aid expansion into 'aggressive' household market
Specialist caravan, motorhome and park home insurer Coast has expanded into the home insurance market with the launch of a new household and general insurance division.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Moody’s predicts strong growth for Asian P&C market in 2014
Ratings agency Moody’s is predicting strong growth in the Asian property and casualty insurance sector for 2014 with moderate growth forecast for the European region.