Property
Insured flood losses likely to be below 2002 level
The macroeconomic losses from the floods in central Europe are likely to far exceed the insured losses, Munich Re’s chief executive Niclaus von Bomhard said.
Ex-Axa director joins Hiscox Europe board
Hiscox has appointed former Axa director Florence Tondu-Melique as its new European chief operating officer.
Manchester Police to inform insurers if burglary victims at fault
Insurers may be automatically informed if a burglary occurs at an unsecured property under new plans from Manchester police.
Editor's comment: Hit in the pocket home and away
Last week I described fraudsters as the long-standing foe insurers are unable to rid themselves of, and this week, true to form, they struck both home and away in the place it hurts insurers most – their pockets.
Property Claims 2013: Insurers told to go Down Under
Insurers could boost the industry’s reputation by imitating the Australian model of working closer together to tackle catastrophic claims surges, according to John Pyall, head of Munich Re’s Great Lakes facilitated claims unit.
Property Claims 2013: Cashing-out not always the answer
Axa’s head of commercial property claims has raised concerns that cashing-out on property claims can lead to them being mishandled or resurfacing in the future.
Property Claims 2013: Property profitability under threat, says LV boss O’Roarke
Comparison sites and building practices pose problems
Property Claims 2013: Insurers urged to use fraud register to punish fraudulent policyholders
Industry told of ‘massive obligation to raise awareness around morality’
APC lifts its limits to quote up to £50m risks online
Commercial insurance underwriting agency, APC, has increased the limits on the majority of its public and products liability risks to £10m and property risks to £50m, in a bid to help smaller brokers snare larger clients.
APC extends liability limits
Underwriting agency APC has increased the limits on the majority of its public and products liability risks to £10m and property risks to £50m in a move that it claims will help smaller brokers win larger clients.
Scots disproportionately affected by new flood plan
The Scottish Parliament has been challenged to secure a greater voice in the UK flood debate following concerns the Association of British Insurers' Flood Re model represents a raw deal for residents north of the border.
Swinton Commercial eyes growth with the creation of new role
Swinton Commercial has appointed Alastair Denness to the newly created role of national business development manager. The firm said this role is part of the company’s future growth strategy.
Keelan Westall expansion plans boosted by Gallagher acquisition
Keelan Westall managing director Wayne Tonge is aiming to “triple its income within two years” as it expands its e-trading offering, following the wholesale broker’s acquisition by Arthur J Gallagher a fortnight ago.
Scor GWP rises 3.9% in Q1
French reinsurer Scor posted net income of €111m in the first quarter 2013, up 7% on the same period in 2012.
Q-Re appoints new management team
Q-Re has recruited a new management team, following the appointment of chief executive officer Gunter Saacke in February.
Unrated Icelandic insurer’s flood risk venture sparks passporting debate
Broker looks to fill gap left by Statement of Principles indecision
Settlement fairness failing to meet customer expectations
Personal lines customers demand better claims advice
ING plots European IPO
Dutch financial giant ING is preparing a case for an initial public offering of its European insurance business, with a target of going to market in 2014.
Plum furnishes Homeworks product with contents cover
Household insurance provider Plum Underwriting has unveiled a redesigned Homeworks product, designed to include cover for the property owner’s general contents.
Fire cuts exposing insurers warns IFIC
The insurance industry is being exposed by cuts to the UK’s fire and rescue services according to IFIC Forensics.
AIG targets London market as it reveals its 2012 results
AIG UK is past its crisis and ready to hit the London market hard, according to its UK managing director Nicolas Aubert.
Axa to launch a new personal lines proposition at Biba 2013
Axa commercial lines and personal intermediary will launch a new personal lines strategy at the British Insurance Brokers’ Association’s conference.
Ageas joins Hood Group home insurance panel
The Hood Group has added Ageas to its home insurance panel in a deal that will safeguard the insurer’s engagement for the next five years.