Property
Bancassurance: a bright future?
With all the turmoil across the Eurozone and with regulatory upheaval ahead, it seems it could be an interesting time for the bancassurance market, as Jakki May reports.
FM Global appoints Rod Fisher senior VP for underwriting
Commercial property insurer FM Global has appointed Rod Fisher as senior vice president of underwriting and reinsurance.
Winter weather costs commercial property owners up to £225m a year
Cadogan Keelan Westall has revealed that Winter damage due to the severe UK weather is costing commercial property owners up to £225m a year, research has found.
Stormy weather creates conditions for household rate rise
The recent winter storms in England and Scotland could lead to further rises in household premiums, according to PwC.
Claims - Big freeze: Winter of discontent
The big freeze of late 2010 led to widespread criticism of adjusters and insurers — but have lessons been learnt for the future?
Voyager targets consumers with past convictions
The director if niche broker Voyager is hoping to take advantage of the reluctance by mainstream insurers to offer cover to people with criminal convictions.
Unified response called for as metal theft cases see substantial increase
Insurers are demanding a unified fight for changes to scrap metal sales to cut a spate of thefts, thought by the police to be worth more than £800m — but insurers argue consequential costs could run much higher.
No widescale rate hardening at 1/1 renewals
The 1 January reinsurance renewal season has seen large rate increases in catastrophe-exposed and loss-affected contracts, but there has not been wide market hardening.
Loss adjuster hails insurer regional returns
MYI has claimed recent senior hires in Ireland and the UK are symptomatic of an industry-wide move back to strong regional offices.
Axa warns 2012 could be 'worst on record' for household claims
Claims forecasters at Axa believe that a combination of factors such as a high proportion of public events and unusual weather conditions could make 2012 one of the worst years on record for home insurance claims.
ASA bans 'misleading' Direct Line ad
The Advertising Standards Authority has castigated Direct Line over a landlords’ insurance ad, featuring TV presenter Sarah Beeny, that claimed the insurer would beat any quote when it actually had a minimum price.
Direct Line launches January sale on home insurance
Direct Line has kick-started the New Year with a January sale on home insurance geared towards householders looking to cut costs following a Christmas spending spree.
24 December: The final stretch
The hard work has been done.
23 December: Pie, mash and plaster
Mrs Policyholder was in a routine. After listening to City Talk on the radio in her North Wales abode, she would set about preparing tea for her husband and herself.
Bowring Marsh opens Middle East hub
Bowring Marsh, the specialist placement division of Marsh, has opened an office in Dubai to serve the growing demand for international insurance placement in the Middle East.
20 December: Candlelit Christmas
Candles on the Christmas tree go a long way towards helping to create the right sort of festive ambience.
Your say: Over audits
I read with interest the article regarding claims audits - Forensic claims analyst issues warning as insurers fail to focus on audits.
Editor's comment: The winds of change
And so we end 2011 in a similar vein to December 2010, with loss adjusters doubling staff numbers, ramping up resources and putting into play their surge plans as severe weather conditions batter the UK.
Data collator to compile flood information after UK insurer requests
European insurer-backed catastrophe data collator Perils is to start compiling information on floods from January next year in response to demands from UK insurers.
LV GI boss O’Roarke and management team extend contract until 2016 with new deals
LV general insurance managing director John O’Roarke, is targeting an increase in SME and home insurance business having put pen to paper on a new four-year deal at the firm.
Review of the year - General insurance: Regulatory dramas
2011, a year dominated by regulatory and legislative change, could yet prove to be a landmark 12 months for the insurance industry.
13 December: To have and to hold on tightly
A marriage proposal is a daunting prospect, both from the point of view of the proposee and for the person being proposed to. It is one of those things one always hopes will be met with delight, but the reaction can never be predicted.
Scottish storm: GAB Robins receives building damage claims
Following gales of up to 165mph recorded yesterday, GAB Robins has received a large number of storm-related claims from weather beaten Scotland, Cumbria, Lancashire and Cornwall.