In-depth: Happy days here again?
The commercial property owners sector survived the recession relatively unscathed, but could the strengthening economy threaten its performance? Edward Murray asks
As the UK economy continues to strengthen, it may actually be the recovery rather than the downturn that threatens performance in the commercial property owners sector.
When the country ground to an economic standstill there were many insurers that believed losses would increase, property maintenance would slide and results would deteriorate. “Going into the recessionary period I was running the construction and engineering business,” says David Swigciski, UK SME trading director at RSA. “We
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Commercial
Peach to grow to over half NPAI business in 2027
Peach, a capacity backer of broker schemes and managing general agents, will account for over half of owner NPA Insurance’s business in 2027, CEO Russell White has revealed.
Howden opens commercial office in Wrexham
Howden has officially opened its first commercial office in Wrexham.
Ecclesiastical GWP and profit tick up in H1
Ecclesiastical’s UK and Ireland business grew in the first six months of the year alongside the underwriting profit and combined operating ratio both improving.
PIB unveils US expansion with New York move
PIB Group has announced the expansion of its portfolio MGA company Acquinex into the United States.
Axa adds to real estate and landlord offerings
Axa Insurance UK has added equipment breakdown to its commercial real estate proposition, giving customers the option to cover plant and machinery as part of their buildings insurance.
MGA consolidator creates UK group structure
Bishop Street Underwriters, owner of Landmark Underwriting and Avid Insurance, has created a new UK group structure to bring its portfolio of UK specialty insurance businesses under a single management framework.
Beazley addresses rise in AI-related cyber threats with new endorsement
Beazley has launched an AI ‘clarifying endorsement’ for its cyber product, which it claims will offer clients peace of mind as to how AI-related cyber attacks are addressed within their existing cover.
Aviva updates financial lines products to make them ‘more relevant’
Aviva has refreshed its management liability proposition, claiming it has introduced broader protection, greater flexibility and clearer policy wording to help businesses respond to changing risks and challenges.