Property
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.
Allanfield suspends trading pending inquiry
Real estate broker Allanfield has suspended trading on the Alternative Investment Market "pending clarification of its financial position".
Ex-Zurich Global executive Tabard lands Property Insurance Initiatives role
Former Zurich Global Corporate executive Martin Tabard has returned to the UK market as a non-executive director of new property insurance broker Property Insurance Initiatives.
Growing SMEs: SME-volution
From the earliest beginnings as innovative start-ups, to their ultimate emergence as corporate entities, evolving SMEs will always need brokers to ensure that cover matches exposure.
Towergate win boosts Gable GWP 'by 30%'
Towergate Underwriting has entered a five-year partnership with listed insurer Gable Holdings, which will act as a cover provider from January 2013.
Premier Inn opens doors to flood victims
The Insurance Claims Accommodation Bureau has bolstered its database of preferred properties nationwide by forming an alliance with hotel group Premier Inn.
Axa offers interim payments to flood-hit customers
Axa is offering interim payments to households and businesses hit by the recent floods in the UK.
Imperial challenges "underhand" practices
The founder of Imperial Consultants is appealing to insurer partners to back him up in his bid to tackle what he describes as the “filthy and underhand” tactics of some of his competitors.
Questgates makes six appointments
Two former Merlin staff have joined Questgates with a view to developing a new subsidence product.
MPs challenge Paterson on flood stand-off
The Environment Food and Rural Affairs Committee has called on the government to act quickly to resolve its stand-off with insurers over the provision of affordable flood cover.
Editor's comment: Making a stand at last
The Association of British Insurers finally decided this week to reveal the detail of exactly what it is asking government to commit to that will secure affordable flood insurance for 200 000 homes currently facing exorbitant or zero cover come next July.
Penny Black's Insurance Week
For some reason, the insurance industry fails to make it onto a list of dream jobs. Penny Black feels something fishy is afoot.
Interview: Reg Brown - Been there, done that, got the t-shirt
Reg Brown has seen it all in more than half a century working in insurance, but the chairman of the Managing General Agents’ Association’s drive to improve the industry and inspire its next generation is stronger than ever.
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.
Square Mile obtains CII broking status
Commercial insurance brokers Square Mile has been awarded Chartered Insurance Institute status, having met the criteria relating to professionalism and capability.
Frontline outlines plans to boost Budget Insurance business
BGL Group-business unit Frontline has unveiled plans to double the size of insurance brand Budget in the next five years.