Property
AM Best Commentary: Future forecast
In a highly competitive market for UK general insurers, property continues to be the best performing line, while motor and home experience underwriting losses.
Aqua unveils proposition to mitigate young driver insurance cost
High net worth insurer Aqueduct Underwriting has unveiled a package that aims to mitigate the high cost of young driver insurance and bring the motor and home insurance needs of families into a single portfolio.
One in four landlords lack insurance cover
Axa has warned one in four landlords have the wrong or no insurance cover and lack the necessary financial back up should the worst happen.
View from the Top: Chinese insurers eye overseas property
The Implementation Rules of the Provisional Administration Measures on Overseas Insurance Investment passed in China on 22 October 2012 should help liberalise offshore investment by Chinese insurers.
Henderson Global Investors unveils plans for new city building
Henderson Global Investors has revealed plans for its new building at 40 Leadenhall Street.
Keelan Westall launches non-standard property broker team
Wholesale property broker Keelan Westall has unveiled a new non-standard broking team.
Chinese insurers have $14bn to invest in overseas property
Chinese insurance funds have access to $14bn or almost 86bn yuan to invest in property overseas.
First Title strengthens commercial real estate team
First Title Insurance has announced the appointment of four new commercial underwriters to its commercial real estate team.
Online property catalogue site launched
A former police officer is one third of a business partnership that has established a website that will assist customers with their insurance claims following loss or damage to personal items.
Pioneer opens property cat division
David Carson has been appointed to grow Pioneer Underwriting's new property catastrophe reinsurance underwriting division.
Non-standard risks: Playing it safe
With increasingly cautious insurers regularly redefining what should be classed as non‑standard risks, is expertise available to deal with the challenges they present?
Motor rates up 2% in Q2 as niche market outpaces standard classes
The non-life insurance market was flat overall last month as rising rates in property, motor and US casualty lines offset rate reductions in reinsurance, according to a Hampden report.
Zurich chief urges action not 'rhetoric' on commerical lines
Zurich’s UK chief executive officer Steve Lewis has urged insurers to ensure their actions reflect their words when it comes to commercial lines rates.
CVC to acquire D&G in partnership with existing management team
CVC Partners is to acquire household appliance insurer Domestic & General Group in partnership with the existing management team.
XL Group appoints RSA's Jenkins as underwriting manager
XL Group has appointed Simon Jenkins as its underwriting manager for general property in the UK.
Rias repositions with TV advertising campaign
Over 50s insurer Rias has launched a TV advertising campaign 'Where experience counts’ to reflect the modern face of the UK’s 23 million over 50s.
Keychoice and LV Broker form home partnership
Keychoice has formed a strategic partnership with LV Broker to provide it with access to over 800 independent brokers.
Keelan Westall aims to double broker club membership
Keelan Westall plans to increase membership of its Prestige Broker Club by 50% over the next year, and has its sights set on brokers generating more than £150 000 gross written premium.
L&G reveals dramatic COR improvement
Legal & General has recorded a general insurance combined operating ratio of 81% for the first half of 2013 – an improvement from 99% year-on-year.
Motor insurers overestimating Laspo benefits says Dye
Insurers are overestimating the savings likely to be achieved following the introduction of Legal Aid, Sentencing and Punishment of Offenders Act, Allianz UK chief executive Jon Dye said today.
Ageas UK boss Watson optimistic despite limited H1 profit growth
Ageas UK chief executive Andy Watson has told Post the insurer’s H1 results are in line with expectations, in spite of net profit growth almost entirely driven by the integration of Groupama.
Ageas increases profit despite underwriting losses
Ageas has increased its bottom line by 17.3% during the first half of 2013 despite household being the only core line of business making an underwriting profit.
Axa's P&C revenues remain flat in H1
Axa UK and Ireland reported a 33% rise in underlying earnings for the first six months of 2013 to £89m, compared with £66m in the first half of 2012.
RSA's Brown says underlying result not as 'impressive' as headline figures
RSA’s improved commercial lines results are “overstated” according to UK and Western Europe chief executive Adrian Brown, who downplayed the results.