Property
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…
L&G: escape of water claims cost £730m
The L&G (Legal & General) ‘stop the drop’ campaign has underlined the fact that house insurance claims from an escape of water damage in UK homes cost the insurance industry £730m - almost double the £370m cost of burglary claims over the same period.
Trend in shrinking homes halts after more than a century
The trend for new homes to be built to a diminishing floor area halted last year, compared with those built since the turn of the twentieth century.
Axa reports revenue up across Europe for Q3
Axa has reported increases its third quarter property & casualty revenues for all regions in Europe.
Broking supplement - Price promises: Love it or hate it
While the price promise bandwagon is seen by some as a valuable marketing tool, to others it is merely ‘dumbing down’ the industry
Non-standard household: Inclusive innovation
Technological advances mean that non-standard risks can now enter the mainstream, so why are some prospective customers still being left out?
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
Fraud event: Gadget fraud on the rise as consumers look to upgrade
Insurers have been urged to “up the ante” against the rising number of younger consumers engaging in household fraud in order to gain a gadget upgrade.