Property
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.
News review: 2 May 2013
A round-up of news stories from this week.
89% of young professionals underinsured: L&G
Nine in 10 18-27 year old professionals would be unable to replace their belongings after a fire flood, even where they have insurance, according to L&G.
Top 5 European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
EU Gender Ruling behind falling premiums in Q1, claims AA
The cost of motor and home insurance dropped in the first quarter of 2013, according to the latest AA British Insurance Premium Index.
Liberty Mutual promotes two in commercial property reshuffle
Liberty Mutual’s commercial business has shaken up its leadership in a bid to grow its regional property results.
LAS unveils "innovative" contractor materials deals
LAS Claims has revealed deals with Floors2Go and Travis Perkins to supply LAS contractors with construction materials nationwide.
AA: SoP extension is not good enough
An extension of the Statement of Principles is not a satisfactory solution to flood insurance even on a temporary basis, Simon Douglas, director of AA Insurance has said.
View from the Top: Eco plans must pass litmus test
Environmentally friendly buildings can cut down on CO2 emissions but at what cost?
Europe View from the Top: Frederik Wulff
The protective nature of the German insurance market has historically meant that local property and casualty insurers have been willing to provide generalised cover across a range of industries, ensuring profitability when claims increase, or demand…
Your say: The warm weather is a damb squib
A slight rise in temperature and drier conditions has done little to ease pressure on claims staff who continue to deal with large numbers of claims flowing from the heavy rainfalls of 2012.
Axa: lack of flood deal could ruin housing market
Hundreds of thousands of homes will be “unsellable” unless the government secures a deal on flood insurance, Paul Evans, chief executive at Axa UK, told The Independent on Sunday.
Lloyd’s building to be bought by Chinese insurer
The Lloyd’s building is to be acquired by life insurer Ping An in a deal worth £260m according to The Times.
Law report: Lack of training and risk assessment blamed for fall
This law report has been supplied by law firm Berrymans Lace Mawer.
DCS Global opens office in Ireland
DCS Global, a division of Triton Global Group has opened its first office in Dublin, Ireland.
Ironshore extends Japanese reach
Ironshore International's Lloyd's Pembroke Syndicate has been authorised by the Japanese Financial Services Authority to offer representations and warranties coverage through Lloyd's Japan.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Loss adjusting: Keep it in the family
The role of the loss adjuster is changing, with insurers increasingly adopting an internal claims handling approach. But it is by no means the end of the specialist panel.
In Series: Personal Lines: The good old days
Insurers now benefit from data usage that allows them to tailor prices from hundreds of categories. But this wasn’t always the case.