Product overview: Commercial property
Protecting businesses from risks such as fire, flood and theft is a well-established role for insurance. But while the commercial property market has a long history, it’s facing a number of challenges that could bring about change.
After a 20 year plus soft market, rates have hardened on the back of a series of large losses over the last few years including the floods in the EU and hurricanes in North America. “The market started to harden at the back end of 2019,” says James King, senior
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 Products
‘Scrappy’ soft market sees brokers ‘swallowing pride’ with insurers that turned their back on them
The present soft market trading has been described as “scrappy” by a senior broker, with corners being cut by some due to the added pressure to win business and hit targets.
Aviva builds out in contractors combined with digital launch
Aviva has launched a digitally traded contractors combined proposition, starting on Acturis with Fast Trade to follow, claiming it is plugging a gap in an underserved part of the market.
Zurich scores businesses flexible cover ahead of World Cup
Zurich has kicked off flexible opening hour cover for SME and mid-market licensed trade, as it claimed the update will help pubs, bars and restaurants capitalise on the World Cup, without falling foul of policy conditions.
Yutree to launch commercial combined product in partnership with Peach
Yutree Underwriting is set to unveil a commercial combined product with capacity from niche commercial insurer Peach, managing director Laura Hancock has told Insurance Age.
Westfield Specialty launches UK and Europe liability portfolio
Westfield Specialty International has launched a UK and Europe liability portfolio to expand its casualty book, promising long-term and flexible partnerships with brokers.
NBS expands PI placements to £10m as AmTrust provides capacity
NBS Underwriting has extended its professional indemnity capacity with a partnership with AmTrust Specialty providing an additional £5m excess layer, to streamline placement processes.
Pen doubles limits to £10m to ‘maxmise relevance’ in SME cyber
Pen Underwriting is to double the SME cyber cover limit available to £10m for risks incepting on or after 1 July 2026.
Liberty opens new proposition for retail sector
Liberty Specialty Markets has launched a bespoke proposition for mid to upper-midsized retail companies, flagging it is available via dedicated hubs in Manchester, Bristol and Dublin, supported by its London head office.