Property
Esure CEO Stuart Vann says broker businesses will grow this year
Esure boss Stuart Vann, pictured, pinned his firm's fourfold increase in profits on walking away from bad risks in 2010, raising prices by more than 20% and pocketing £16m of identified fraud savings with the insurer's 33-strong anti-fraud team.
Esure reveals fourfold increase in profit
Insurer Esure has reported an operating profit up more than fourfold to £80.8m (2010: £18.6m) on a combined operating ratio down to 94.6% (2010: 114.5%).
Talanx 'thoroughly satisfied' after posting €1.2bn profit
German insurance giant Talanx was "thoroughly satisfied" after increasing operating profit 21% to €1.2bn for 2011, despite a turbulent year for the eurozone and high incidences of natural catastrophes.
Allanfield expands real estate team
Property insurance broker Allanfield has named Paul Leader, left in phot, and Paul Williams, right, as managing directors of companies in the Allanfield group.
Claims Awards 2012 shortlist announced
Insurers RSA and Sterling lead the way in nominations for the 2012 Claims Awards with three each.
Build Assure launches latent defects product
Federation of Master Builders subsidiary Build Assure has today launched a new insurance product which protects its members and general developers against loss arising from latent defects in new build properties.
Meet & Tweet: Chris Sime, RSA - Today 1pm
Ever read a profile interview and wished you'd had the opportunity to put your own question to the person in the hot seat? Well, now's your chance – provided you can contain your query to 140 characters.
JLT warns against buying cheap nuclear build insurance
Speaking at the European Nuclear Forum in Brussels today, JLT's Global Nuclear Practice Group warned consumers of the risk of buying nuclear new build insurance cheaply and ultimately paying for insurance twice.
Law report: Attached condition means no Part 36
This law report has been contributed by national law firm Berrymans Lace Mawer.
Axa/QBE deals likely to pave way for onslaught of investment in Far East
The multimillion-pound deals struck in South East Asia by Axa and QBE last week produced the first ripple of what is expected to grow into a tidal wave of investment enquiries in the fast-growing region.
Website review: Privilege
Actress Joanna Lumley might tell viewers that you don’t have to be posh to be privileged, but how does its website stack up against the rest of the market?
L&G records general insurance COR of 88% as new business jumps 38%
Legal & General reported this morning that its general insurance business recorded £304m of gross written premium in 2011.
Former Axa PL boss Keating returns at non-standard MGA Midas
The former managing director of Axa Personal Lines intermediary Mike Keating has returned to the market at a specialist non-standard property underwriting agency, Postonline has learnt.
McNamee takes Chartis commercial role
Chartis has named Jacqueline McNamee as executive director, commercial lines UK, heading up the property, casualty, financial and speciality lines businesses, including aviation and marine.
'Sticking plaster' Statement of Principles distorts flood insurance market
The Statement of Principles was never designed to be anything more than a "sticking plaster", according to James Dalton, head of property insurance at the Association of British Insurers.
Renewing Statement of Principles will not solve flood cover issue, says Defra
The issue that confronts the insurance sector and government today is not the ending of the Statement of Principles, as renewing it would not solve the problem, but that underwriters are changing their approach to pricing flood risk.
LMG extends electronic approach
The London Market Group has extended its electronic endorsements initiative to all classes of business. Brokers can send all endorsements in every class electronically, and insurers will be able to respond to them.
In Series: Emerging Markets - MENA means business
Despite growing competition in the Middle East and North Africa from local providers, there are still opportunities for foreign insurers in the market
QBE to launch global reinsurrance team under new brand
QBE is in the process of combining its worldwide reinsurance operations under a single management team which will come together under the unified brand QBE Re.
Zurich in three-year sponsorship deal with Christie's Dubai
General insurer Zurich has entered into a partnership with auction house Christie's to sponsor its sales in Dubai.
Cuts at Ecclesiastical to focus on three sectors and boost operations performance
Ecclesiastical's UK boss Steve Wood, pictured, has implemented a three-prong reorganisation as part of a cost-cutting exercise that he claims will lead to an aggressive move on its chosen markets.
Property insurance firms merge
Let Insurance Services and Property Risks have merged to form a new company, Let Risks.
Equifax links credit scores with claims risk
Credit information provider Equifax says it has spotted a strong link between claims behaviour and a customer's credit and identity profile.
Allianz UK's profits defy recession
Allianz UK has reported 2011 GWP up more than 10% to £1832.2m (2010: £1663.7m) with operating profit up more than 6% to £168.7m (2010: £158.5m).