Property
Thai flood supply chain losses could reach $20bn
The majority of insurance losses from the Thai floods will come from manufacturing and supply chains and could reach $20bn according to AM best.
BSIA calls on insurers for support in fight against theft
The British Security Industry Association is calling on insurers to back the fight against rising levels of heavy machinery theft, following two recent incidents in Kent where criminals used mini diggers to rip out ATM machines.
Escape of water claims hit £2m daily
According to Cadogan Keelan Westall a quarter of claims made on flats are for damage caused by escape of water.
Affinity Select launches household service following PI success
Affinity Select Insurance Services is hoping to “fill a gap” in the household market with the launch of a new service designed to connect customers directly with industry experts.
Market moves: Setting the trend
Insurer MMA was the main recruiter this week, with the firm naming five new staff across its regional office network. The moves set the trend among fellow underwriters, with high-profile appointments at Groupama, DAS and for Markel’s fledging operation…
Roundtable - Global programme: Building successful global programmes
Delivering tailored coverage around the world is a boon for multinational insurers. However, keeping up with regulatory demands, both internationally and locally, can be be a strain. Post gathered a group of experts to debate the most pressing issues.
Claims - Board representation: Staking a claim
Claims representation at insurer board level may remain a relative rarity — but is it a business critical necessity or a luxury?
Legal expenses: Survival of the fittest
Legal expenses insurers must adapt their models quickly to survive the government’s reforms — or risk extinction.
Torus adds senior members to European P&C team
Insurer Torus has made two senior appointments with the aim of strengthening its European property and casualty platform.
Direct Line claim response to riots was “exemplary”
Direct Line has reacted to Labour MP for Tottenham, David Lammy’s, criticism of the insurance industries response to the August riots.
Questgates expands property division
Loss adjuster Questgates has added three new recruits to its property division taking William McClurg from Cunninghams, Andrew Collins from the broker Giles and Sam Hooper from GAB Robins.
The Cypriot fall out from Vassiliko
In July Cyprus saw its largest insurance loss caused by man and despite doubts as to its quality the insurance industry stood tall according to Konstantinos Dekatris.
House rebuilding costs level out
The UK's index of house rebuilding costs produced by the Building Cost Information Service of the Royal Institution of Chartered Surveyors has started to level out.
Your say: A positive influence
I read with interest the two articles in last week’s Post (3 November 2011) concerning managed building repair networks: ‘Building referral fee costs hitting industry for ‘tens of millions of pounds’ and ‘Rok One Year On’.
Structure is behind perception that Allianz UK is underweight, says Booth
The director responsible for all of Allianz’s insurance operations in the UK has insisted it is not underweight, and that it often gets overlooked in top five lists because of its structure.
Market moves: All change at Mondial and Marsh
This week insurers were, once again, the main recruiters with the majority of high profile appointments.
Swiss Re buys $130m cat bond for Atlantic hurricane and European windstorm
Swiss Re has obtained a further $130m in protection through the Successor X catastrophe bond programme for North Atlantic hurricane and European windstorm.
Financial market volatility hits Swiss Re’s core combined ratio
Swiss Re saw the combined ratio for its property and casualty segment increase to 80.8% for the third quarter of 2011 due largely to financial market volatility.
Ireland 123 aquisition drives RSA's profits up for Q3
The acquisition of 123 in Ireland last year and growth across central and emerging Europe has helped RSA to report further growth in quarter three of 2011.
Post Blog: Between a Rok and a hard place
What happens when a building repair and maintenance partner, crucial to policyholders, goes out of business? Sharon Scully, general manager, property and legal at Axa Assistance, explains.
Building referral fee costs hitting industry for 'tens of millions of pounds'
Building referral fee costs, which have escalated over the past two years, are “like a cancer” costing the industry “tens of millions of pounds” a year, it has been claimed.
Drainage: Money down the drain
Why the ownership transfer of private drains and lateral sewers may increase the cost of drainage claims to insurers.
Rok - one year on: Bearing up after Rok
When Rok went into administration, insurers had to respond rapidly. One year on, how are they coping and what lessons have they learned?
Comment: Delivering definitive data
The ability to know precisely where property risks are located and what risks surround those locations are vital elements of successful and accurate underwriting and pricing. To know that such data is regularly updated and maintained – and meets ISO…