Property
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.
Lockton urges fire safety ahead of scheduled firefighters’ strike
Lockton’s Real Estate and Construction group has warned that property owners and developers could be at risk during tomorrow’s Fire Brigade Union strike because 80% of them do not have a current fire insurance valuation of their property assets.
Underwriting Property: Going for gold
Cited as a key factor in the British cycling success at the London 2012 Olympics, the philosophy of marginal gains can also be applied to underwriting.
Cloud-based portal for schemes brokers launched
Wonder Holdings has announced the formation of a new subsidiary, The Broker Cloud, a portal dedicated to scheme brokers and niche traders in insurance.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) is “achievable” for the full year after recording a €2.2bn profit for the first nine months.
Three senior hires for Canopius' Singapore office
Canopius is growing its Asian operations with three senior hires in its Singapore office.
Ex-Kwik Fit MD Lynch joins Glasgow-based broker
Laurie Ross Insurance has appointed former Kwik Fit Financial Services boss June Lynch as managing director.
EY: Household premiums likely to rise in 2014
Household insurance premiums are under pressure and likely to rise in 2014, according to EY.
McMillan returns to Canopius
Canopius Group has appointed Neil McMillan as class underwriter to its North American Facilities team, focusing on property, motor and liability lines.
Energy laws may drive fake property claims says Crawford
Adjusting giant Crawford has warned that new rules on energy efficiency may drive landlords of vacant properties to make false property damage claims.
RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
Insurers set to pay the price after St Jude storm wreaks havoc in the South
Property damage from fallen trees expected to be among major costs.
St Jude claims unlikely to halt falling premiums
Damage to homes in the south and southwest as a result of storm St Jude is unlikely to be significant enough to halt the downward trend of household premiums, according to broker AA Insurance.
XL Group appoints Asia property fac head
XL Group has appointed Pamela Ross to the position of vice president, property facultative for the Asia region.
LV Broker home product available on the Source
LV Broker’s ABC home insurance product is now available on the Source, a platform used by mortgage advisers and IFAs to access general insurance products.
AA Index show home insurance premiums drop again
Home insurance premiums have continued to fall according to the AA’s Insurance Premium Index.
Cousins takes over from Flynn as AIG commercial property boss
AIG has appointed Steve Cousins to the role of UK head of commercial property.
Exaggerated claims responsible for increased investigations
Policyholders suspected of adding items onto genuine household claims were behind the biggest volume of claims investigated in the first half of 2013, according to the VFM Fraud Index.
Keelan Westall launches claims charter
Property broker Keelan Westall has launched a claims charter to demonstrate its commitment to service in property underwriting.
AIG raises contaminated product limits to $35m
American International Group has launched a web-based service to help companies estimate the cost of recall incidents, and expanded its available accidental contamination coverage limits to $35m.
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
LV Broker launches online cover notes
LV Broker is launching online cover notes for its commercial lines, which brokers can download and print from the web.
Sterling upgrades flagship policies
Sterling Insurance Group has made significant changes to its flagship household insurance policies, Executive Home and Executive Plus.
Zurich shakes up commercial broker team
Zurich has made some changes to its commercial broker leadership team following the retirement of two of its members.