Property
Germany sees premium growth but motor still loss making
German insurers are expected to reap a 1.5% rise in premiums to €180.7bn this year, the head of the industry trade body GDV said on Wednesday.
Allianz to increase property and energy investment
Allianz is to double its investment in alternative assets, including property loans and renewable energy, to produce better yields from its investment portfolio.
Competition to heat up in housing market
Ernst & Young has predicted that the household insurance sector will produce a combined operating ratio of 95% in 2012, despite this summer's flooding and other variable weather throughout the year.
Allianz CEO Torrance blasts 99.1% COR as 'unacceptably poor'
Allianz UK's commercial lines combined operating ratio deteriorated to 99.1% for the first nine months of 2012 from 95.1% in Q3 2011 as the retail non-motor COR worsened to 101.7%.
New LMA property risks wordings to provide clarity for underwriters
A new standard wording for power and utility property risks placed in the Lloyd's market was unveiled at this week's London Power Forum.
Generali profit up 37.3% for first nine months despite cat losses
Italian insurer Generali posted 37.3% growth in net profit to €1,133m in the first nine months of 2012, driven by progress in production and strong growth in the life operating result.
Benign nat cats help Swiss Re to $2.2bn net income in Q3
Swiss Re reported net income of $2.2bn in the third quarter of 2012, driven by strong performance from P&C reinsurance and a one-off gain from the sale of the Admin Re US business.
RSA UK premiums flat as international business grows
RSA is on target to deliver a combined operating ratio of around 96% and £500m investment income for the 2012 full year after reporting a 4% jump in net written premiums to £6.2bn for the nine months to 30 September 2012.
Hiscox underwriters to differentiate between brick and stone buildings
Hiscox is updating its underwriting rules on buildings cover to reflect the difference in rebuilding cost between stone and brick properties.
Chartis appoints new head of commercial property
Hilary Flynn has been appointed head of commercial property at Chartis UK.
Chartis executive director nominated for achievement award
Jaqueline McNamee, executive director of commercial lines at Chartis, has made the 2012 Woman of Achievement Award shortlist after winning the insurance category.
In Series: External Data - Thinking outside the box
Are insurers making the most of external data by using it to do more than simply price risk?
E-Underwriting signs up to web platform
Gallagher-owned E-Underwriting has signed up to Keelan Westall's web-based Dynamic platform for residential property risks.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.
Household insurance roundtable: Providing clarity over questions
The Consumer Insurance (Disclosure and Representations) Act will bring fresh rigour to household insurance underwriting. Post gathered a group of experts to debate what the incoming legislation means for the market.
Post magazine - 18 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Groupama places property owners product on Insurecom
Insurance software company Insurecom has added Groupama Insurances' property owners product to its commercial lines platform.
Liability insurance lines growing faster than global economy
Commercial insurance premiums in emerging markets have grown by an average of 14% a year in the past decade, two to three times faster than in developed markets.
Barbon hires Bluefin and Axa heads for CKW roles
Barbon Insurance’s Cadogan Keelan Westall has appointed Amanda Hindman, pictured standing, and Sue Filsell.
LAS unveils household claims debit card
LAS Claims Management has launched a pre-paid debit card scheme in a bid to offer "significantly increased choice and flexibility in settling household claims".
UK GI market under pressure to focus on pricing
Market conditions for UK non-life insurers remain challenging as the difficult economic environment curbs demand for cover and insurers can no longer rely on reserve releases to improve profitability.
Airmic members increasingly rely on brokers for BI help, report finds
Airmic's members are becoming more engaged with brokers when securing the correct property damage and business interruption cover, but there is still some "ambiguity" as to who should check policy wordings.
Major events in the Russian insurance market in Q3 2012
Highlights for the Russian insurance market for Q3 include another failed auction attempt for Yugoria, insurance company results and a look at the top insurers for client complaints. Paul Koshik reports.
AMG founder Mairs returns to insurance fold with Merlin quartet
The founder of the now defunct loss adjusting group Merlin is poised to return to the insurance market in the first quarter of 2013 as an investor in a new building repair network.