Property
Ecclesiastical shakes up property owners market with Crown Estate win
Property owners’ insurance brokers are benefiting from heightened competition between business-hungry insurers, with the entry of Ecclesiastical in May and the former Axa team starting to write business for Mistui Sumitomo at Lloyd’s this week.
Sagicor withdrawal forced by First Central losses
Lloyd’s insurer Sagicor’s decision to quit both property treaty reinsurance and casualty treaty reinsurance was forced by huge losses incurred through its tie-up with Gibraltar-based motor insurer start-up First Central, Post understands.
View from the top: Model for the future
Changing catastrophe models will continue to demand, not replace, underwriting expertise, says Matthias Horntrich, chief underwriting officer, international property, XL.
Law report: Forseeability question formally laid to rest in harassment appeal case
This law report has been contributed by national law firm Berrymans Lace Mawer.
In series - Lloyd's & London market: Power to the people
With employees rightly recognised as crucial to company success, Lloyd’s and London market players are gearing up their efforts to attract and retain top talent.
Japan - Post-earthquake: Aftershocks of the earthquake
New insurance legislation in Japan is set to be extensively tested six months after the devastating earthquake and tsunami that hit the country.
Ecclesiastical shakes up property owners market with Crown Estate win - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including news that new entrant Ecclesiastical has shaken up the property owners market by winning a multi-billion pound portfolio belonging to The Crown Estate, as…
Deacon names two in marketing drive
Deacon has appointed David Hitchins to the new role of marketing manager and Adrian Potter as new business sales manager.
Mitsui takes on Axa’s property team
Mitsui Sumitomo at Lloyd’s has taken on the five-strong property owners’ team that left Axa earlier this year, led by Mike Phillips who was head of specialist markets.
XL tackles under and over insurance with property valuation product
XL insurance has joined forces with American Appraisal to offer what it claims are independent and unbiased valuations to customers.
US P&C insurers’ H1 COR hits 110.5%
Private US property and casualty insurers’ net income after taxes fell to $4.8bn in the first-half of 2011 from $16.8bn in first-half of 2010, a report from ISO and the Property Casualty Insurers Association of America says.
Swiss Re corporate aims for top 10 commercial position
Swiss Re’s new dedicated commercial arm is aiming to be a top 10 player for brokers in the corporate market.
Market moves: Insurers lead the recruitment charge
With the final quarter of the year kicking off this week insurers were the most active recruiters with a raft of hires and promotions. XL Insurance added three new members of staff to its burgeoning team in Europe, while a number of other players seized…
Axa wins multi-year commercial deal from Aviva
Axa Commercial Lines has taken a strategic step towards its £1.2bn GWP target by winning a three-year deal from Aviva, the incumbent insurer of 25 years, for commercial property owners, Bruntwood.
Expert analysis - aggregators: Mixing things up
Softening motor rates, more movement between best-price brands and augmented ancillary income emerge as aggregator themes
Vienna Insurance merges Bulstrad and Bulgarski Imoti
The Vienna Insurance Group plans to merge its two non-life insurance subsidiaries Bulstard and Bulgarski Imoti in order to strengthen its market presence in Bulgaria and make better use of synergies.
Travelers enters plastics industry market
Travelers has launched an insurance product at the plastics industry as part of its strategy to broaden its offering.
Axa Commercial fills three top roles
Axa Commercial Lines has named Mandy Langton (pictured) as head of product development and has promised to bring new products to market.
Ferma 2011: Risk managers face change
Risk managers face an environment of uncertainty and continuing change, Peter den Dekker, the President of the Federation of European Risk Management Associations, has warned.
XL Insurance strengthens international property lines
XL Insurance has appointed Philip Sexton International P&C onshore energy and general property manager for the UK, Ireland and Nordic regions, in a bid to strengthen its international property lines.
APC revamps property owners’ cover
Commercial insurance underwriting agency, APC in replacing its property owners products with new residential and commercial landlords products.
Penny Black's insurance week
Penny was very close to whipping out her cheque book at the sight of the all the diamond jewellery up for auction at Sterling Insurance’s open day.
Your say: The real postcode lottery
Jack Straw’s Bill has not been particularly well thought out, specifically the point relating to postcode rating. In my view there are two very good reasons why this part of the bill should be changed.
So, what exactly does a high net worth fraudster look like?
Arrogance, financial pressure and criminal activity are the major motivators of a high-net-worth fraudster, Sterling Insurance has revealed.