Property
Weak economy to hurt commercial lines more than personal, says Moody's
The outlook for property & casualty insurers is stable in 2013, despite macroeconomic conditions, Moody's said today.
L&G targets HNW customers with new home insurance product
Legal & General has followed up on its vow to expand the range of personal lines products it offers, by launching a bespoke product designed for customers in the mid and high net worth market.
View from the top: Pool solution a proven concept
For those of us living or working in the UK, one regular weather event is inevitable: lots of rain. So, most readers won’t take much convincing of the fact that, in 2012, Britain suffered its second-wettest year since records began in 1910.
View from the top: This eternal quest is fruitless
Commoditisation has become something of a holy grail in the insurance market over the past decade. The shift from competition based on product and service feature differentiation, as well as perceived value, to one of undifferentiated price comparison…
The importance of disaster restoration
Insurers in Asia are increasingly turning their attention to property restoration following natural disasters, spurred on by the possibility of huge cost savings, writes Nicky Burridge.
DAS targets fire and flood victims with Loss Assist product
Legal expenses insurer DAS is launching the latest version of its Loss Assist product to provide assistance for households that have suffered damage to property or contents.
Ace hires Achmea's P&C manager
Ace Group has hired Benoît Chasseguet as marine manager for Continental Europe, including the Central and Eastern European region.
Online sales in Asia: ready to take off
Internet access in Asia is growing at 30% a year. Neera Bhardwaj discovers whether this is translating into online sales for the region’s insurance market.
Keelan Westall founder recruits former employee for new venture
A former Keelan Westall team leader has rejoined her ex-boss Alan Westall at his Property Insurance Initiatives venture.
Expert analysis: Aggregator assessment - No compare
Price comparison sites have plateaued on motor, with 60% of all private car policies sold via aggregators, as gender ruling hits prices.
Integer.pl Group to enter Polish insurance market
Polish courier firm Integer.pl Group has joined up with RSA subsidiary LINK4 to sell insurance products via its postal network throughout the country.
Ex-Castle Cover boss Marchington launches new broker
Andrew Marchington, the founder and former managing director of Castle Cover, has launched a broker specialising in the mid to high net worth and non-standard home insurance markets.
Afghan finance minister outlines plans for compulsory commercial insurance
No business will be able to operate in Afghanistan without insuring their property, according to a new report.
Direct Line launches multi-product discount
Direct Line has launched Together, a multi-product discount designed to reward customer loyalty and attract new policyholders.
Arista scheme targets £400 000 premium in first year
Arista Insurance has set up a scheme with Merseyside broker Business Insurance Services.
Prices mostly stable at January reinsurance renewals
January 2013 reinsurance renewals took place against a stable backdrop, with only loss-affected lines and select regions experiencing price volatility, according to Guy Carpenter.
Insured losses exceed $50bn in 2012
The reinsurance sector is "equipped with ample dedicated capital and stable pricing" as it enters 2013, according to Guy Carpenter.
Allanfield plunges into administration
FRP Advisory appointed as administrators to specialist property broker.
Regulation and 2012 insured losses to shape insurance market in 2013
Partners at PwC predict that the Prudential Regulation Authority and the Financial Conduct Authority will be the "tip of the iceberg" for regulation next year.
Household insurers to make profit in 2012
The household insurance market could make an underwriting profit for a second year in a row, according to Deloitte.
RSA strengthens partnership with Hood Group
Hood Group subsidiary Select and Protect has appointed RSA as the sole underwriter for its Ultima home insurance product.
German insurance market faced 'inertia' in 2012 P&C results
The outlook for the German insurance market remains negative, according to rating agency Moody's.
Utley triples the value of ivy-ridden house
Hastings Insurance Group chairman Neil Utley, pictured, bought and tripled the value of a neglected property that was entirely covered in ivy.
R&Q launches first-party Lloyd's syndicate
Scor and XL have backed new £77m capacity Lloyd's syndicate launched by Randall & Quilter that will begin underwriting on 1 January.