Property
Blog: If Hurricane Andrew II hit Miami today
If a hurricane the strength of Andrew tracked through Miami today, losses would likely exceed $200bn ($155bn), almost twice what the insurance industry is prepared for, warns Karen Clark, co-founder of Karen Clark & Company.
Ascot launches specialty MGA Ethos
Ascot Group has created a standalone managing general agent and appointed Michael Sillat as CEO, effective 1 December 2017.
Analysis: Retirement villages, an infant market
Retirement villages are asking for group contents insurance but UK insurers are waiting for the market to mature.
Analysis: Business interruption - Trigger warning
As cyber and terror risks trigger new types of business interruption, insurers are becoming the go-to resource for expertise.
Legal Update: The Legacy of the Grenfell Tower Fire
Following the Grenfell disaster earlier this year Hill Dickinson partner Jonathan Anslow believes there is likely to be an influx of claims arising from the design, specification and installation of cladding systems.
Allianz's Axel Theis on why insurers can look ahead with confidence
Axel Theis, Allianz SE board member, global insurance lines and anglo markets, explains why premiums are tipped to grow over the next decade.
Analysis: The legacy of Grenfell Tower
How the blaze that killed at least 80 people promises to be one of the most complex claims in recent years
Dale Underwriting Partners receives Lloyd's nod on contingency SPA
Dale Underwriting Partners has been granted in principle approval by the Lloyd’s Franchise Board to establish a special purpose arrangement.
TfL settles first claims from Croydon tram crash at £900,000
Exclusive: Transport for London has paid £900,000 to settle seven personal injury claims from the Croydon train crash in December last year, with 69 claims outstanding.
Lancashire profit up at $67m in H1
Property and casualty insurer Lancashire reported an 18% rise in first-half pre-tax profit thanks to a benign loss period.
Questgates appoints Ganson to its board
Colin Ganson has been appointed to the board of Questgates after taking part in the restructure and reorganisation of the firm’s property division.
Flood Re to grow policies by 50%
Flood Re will increase the number of policies by 50% by next year, its CEO said.
Analysis: Fighting for cover
Military personnel struggle to find motor and household insurance adapted to their circumstances. Should general insurers leave that market to specialists?
Interview: Grenfell Tower insurer reveals UK expansion plans
It is estimated that the Grenfell Tower fire could result in claims of up to £50m. However, the carrier responsible for insuring the building said that its expansion plans for the UK remain undimmed.
L&G to offer leak detector to home clients
Legal & General has partnered with Home Serve to offer Leak Bot to its home insurance customers.
Grenfell Tower blaze could result in claims of £50m
The Grenfell Tower blaze could result in property and liability claims of £50m, the Norwegian carrier responsible for insuring the building said.
When cyber gets physical
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
Chaucer acquires Australian Lloyd's coverholder
Chaucer has acquired Australian underwriter and Lloyd’s coverholder, SLE Worldwide Australia as part of its plan to expand.
Marsh Networks’ David Hopwood on the seven issues a reduced discount rate creates for SME brokers
The Ministry of Justice’s decision to set a new discount rate for personal injury compensation awards at minus 0.75% seems likely to create turbulence in the market. Following widespread criticism, the government is currently reviewing feedback from its…
ABI previously warned government over hazards of flammable cladding
Exclusive: The Association of British Insurers warned the government last month over the hazards of flammable cladding on high rise buildings like Grenfell Tower, according to documents seen by Post.
Insurers issue warning as government to test cladding on 600 buildings
Exclusive: Insurers have issued advice to local council customers, after it emerged that the government will test the fire risk of cladding on 600 buildings.
Norwegian insurer to examine exposure following Grenfell Tower fire
A Norwegian insurer that took on the property and liability contract for the local authority responsible for Grenfell Tower could potentially see its UK expansion curbed as a result of huge claims.
Residents predicted catastrophic fire in Grenfell Tower block four years ago
The fire that engulfed Grenfell Tower last night, claiming several lives and leaving dozens injured, was predicted by residents four years ago.
Blog: London needs to get global
To maintain its competitive position, the London insurance market needs to become a truly global hub, write Chris Beazley, CEO of the London Market Group, and Paul Clark, partner at the Boston Consulting Group