Commercial
In conversation with RSA: distinguishing from rivals in SME commercial
The SME commercial market remains one of the most highly competitive in the UK insurance space.
Personal lines growth drives up NWP at RSA
RSA has reported UK personal lines Q3 net written premiums were up 13% to £1 036m, with commercial lines up just 2% to £1 282m. Overall the UK was up 7% to £2 318m.
Sentiment Survey Autumn 2011
The latest Sentiment Survey indicates that dual pricing is still a concern for brokers and commercial is lagging behind personal lines in terms of rising premiums
Products: Travelers launches commercial cover specifically for the plastics industry
Travelers has launched a new insurance product for the plastics industry providing a range of commercial covers including property damage, business interruption, employers’ liability, public and products liability and professional indemnity. The insurer…
Products: Groupama adds cleaning to its Exclusively range
Groupama has released Exclusively Cleaning, the third niche commercial product in the range following the launch of Exclusively Recruitment and Exclusively Security.
How to… ensure scheme claims run smoothly
Members of a scheme often communicate with each other and share their experiences on all manner of subjects – including insurance. And so the well-worn saying that a claims service is the “shop window” for the insurance industry has never been truer than…
Market moves: welcome home
October saw a lot of business development action with insurers chasing brokers and brokers chasing clients in the static UK economy. While there were numerous appointments across the board, as seems to have been the case throughout 2012, Scotland and the…
Products: Willis offers hotels cover against loss of reputation
Willis has teamed up with Lloyd’s of London underwriter Kiln to create Hotel Reputation Protection 2.0, a new policy designed to limit the financial fallout from negative public relations exposure for hotels.
Products: Aviva launches product to cover multiple cars
Aviva has launched MultiCar a new motor product that can cover up to five vehicles for families living under the same roof. Business vehicles can also be included provided they are all registered at the same business address.
Product roundup: Cleaning up in a commercial niche
Groupama is aiming to sweep up business in the cleaning world, an industry it believes has a turnover of £5.3bn a year. The latest addition to its Exclusively range, which is available for open market trading, allows brokers to flex their commission…
Power hour: what SMEs want
The SME space is much fought over, but what is it that this disparate group of businesses want from insurers and brokers, and what do brokers need from insurers in order to deliver now and in the future? Caitlin Morrison finds out
LV appoints senior underwriter from Aviva
LV has appointed Tom Maughan as a senior underwriter for its Bournemouth branch which looks after brokers in Dorset, Hampshire, West Sussex, the Isle of Wight and the Channel Islands.
Keelan Westall boosts underwriting agency
Keelan Westall has appointed Simona Wilson to its in-house underwriting agency as team leader and promoted Caroline Dixon to underwriting manager as it looks to strengthen the division.
Axa Commercial Lines wins Bruntwood contract
Axa Commercial Lines has been appointed as property owners’ insurer for Bruntwood, the Manchester-based commercial property owner.
Travelers unveils plastics insurance product
Travelers has announced the launch of a new insurance product for the plastics industry.
Editor’s letter - October 2011
“The government, always keen to jump on a bandwagon, has taken up public concerns over soaring premiums”
Brokers still pessimistic over commercial market
London Market KPMG survey predicts consolidation and rate hardening
Smaller brokers may get locked out of SME sector by aggregators
SME aggregator market dominated by two large players may mean brokers get left behind
Market moves: Making moves in the Midlands
The Midlands was the place to be this month with numerous appointments and promotions at all levels, with Commercial Express in particular the source of a few moves. Lorica and Oxford Insurance Brokers also added several employees to their teams.
Right move, wrong time?
Axa’s ambition to grow in the current soft market is high risk but there may be some sound strategic reasons why it is trying, explains Tony Cornell
Bollington expands risk management services
Bollington, the niche and affinity commercial broker, has appointed Andy Barnes as head of risk management.
Willis Argentina names new CEO
Willis has appointed Seth Peller CEO of Willis Argentina with immediate effect.
Towergate and Confused.com in SME tie-up
Towergate Insurance has announced that it is to become the sole provider of business insurance for price comparison site Confused.com.
Products: Cover from when the hammer falls
The high net worth antique and auction market has seen a recent focus on product development for both a broker and an insurer.