Property
Argent hands ex-Willis manager Scott business development role
Argent, a division of the Parabis Group, has recruited former global vacant property specialists VPS boss Chris Scott to the role of business development director.
Zurich boss hails 'strong' H1 results despite £19m flood loss
Zurich UK has admitted to losses of £19m as a result of the floods in the UK and Ireland during the first half of the year.
Indian commercial rates expected to rise 15% following nat cats
Indian businesses are likely to see premiums rise by 15% as insurers include flood risk in policies having suffered large losses after recent natural catastrophes, it has been reported.
BLG expands building insurance offering
Specialist broker Building and Land Guarantees has launched two further warranties for the construction industry under its Shield range.
Thai officials confident of securing reinsurance for £1bn flood fund to meet demand
The Thai Office of the Insurance Commission is to seek extra reinsurance from international players to meet demand for the state-owned natural catastrophe fund.
Haikui causes $230m of insured damage in China
Damage from Typhoon Haikui, which hit China last week, has been assessed at ¥1.046bn ($230m).
Cash settlements: Morally wrong?
The morality of cash payments to tradesmen came to the fore again last month, but what does it mean for the insurance industry? MA Assist's Paul Hayman talks to Post.
United India posts 21% rise in net profits
United India Insurance Co has posted 21% growth in net profit at Rs192 crore for the quarter ended 30 June 2012 (2011: Rs 159 crore).
XL group posts $397.8m interim profit
XL Group recorded profit of $397.8m for the first six months of 2012, after a $1.6m loss in the first half of 2011.
Swiss Re's Q2 results hit by sale of Admin Re at a loss
Swiss Re has reported net profit of $83m for the second quarter of 2012 as the result of the sale of the Admin Re US business at a loss of $1bn.
Swiss Re posts 91% drop in net income for Q2
Swiss Re's net income attributable to common shareholders fell by $877m to $83m (2011: $960m) in the second quarter of 2012 owing to a $1bn loss from the sale of the US business Admin Re.
Sluggish economy stifles rebuilding costs
The annual rise in the UK's index of house rebuilding costs is continuing to decline.
XL underwriting returns to profit
XL's property and casualty business has reported a rise in gross written premium in the first six months of the year to $4.08bn compared with $3.86bn in the same period in 2011.
L&G premium growth offset by weather losses
Legal & General's general insurance business has been hit hard by summer flooding and the freezing weather last winter, as profit in the first half of the year more than halved to £8m compared with the same period in 2011 (H1 2011: £17m).
Allianz suffers £23m weather claims loss but retail and commercial GWP grow
Allianz UK has posted bad weather claims costs of £23m for the first six months of 2012.
Online providers: Losing their lustre?
Why are some online providers proving to be a turn-off for potential consumers? Rebecca Jennings, principal consultant at Global Reviews, explains.
Tesco helps Ageas profit grow 81%
Ageas UK has increased profit and income in the first half of the year in the face of tough market conditions and severe weather events.
Tenth of Brits cancel insurance to save money
One in 10 Britons have cancelled insurance policies in the past 12 months to save money.
Allianz Group 'robust' despite lower operating profit in P&C
Allianz Group has posted revenues of €25.2bn in the second quarter of 2012, up 2.5%, or €24.6bn, on the same period in 2011.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
Brown: flood risk solution needed to end market inequality
RSA's chief executive for UK & Western Europe has called on the government to act quickly in announcing a replacement for the Statement of Principles to avoid further uncertainty for householders in flood risk areas.
Kwik-Fit finds Midas touch with panel appointment
Kwik-Fit Insurance has appointed Midas Underwriting to its home insurance panel.
UK flood loss offsets growth for RSA
RSA has reported a 4% rise in net written premium to £4.3bn, at constant exchange (2% as reported), and a combined operating ratio of 95.2% (H1 2011: 93.2%).
Compare the Market launches refreshed landlord website
Compare the Market has unveiled a "new and improved" price comparison offering for landlord insurance.