Property
RSA endures UK commercial pain as COR worsens
RSA's UK commercial combined operating ratio (COR) deteriorated to 100.4% (2011: 98.7%) as it recorded a total UK commercial underwriting loss of £31m (2011: £2m) for the year ended 2012.
Brightside rebrands divisions under One Insurance Solution
Brightside Group has amalgamated a number of brands under the name One Insurance Solution.
Stackhouse Poland completes £27m GWP LFC deal
Stackhouse Poland has completed the deal to buy LFC Insurance Brokers and its business Shield Underwriting.
Ex-Deacon chief to head up new JLT real estate team
JLT Specialty has appointed Penny Jepson as manager of its new residential real estate offering.
Plum fills MNW home insurance gap in product offering
Plum Underwriting has launched a new mid net worth (MNW) home insurance product with capacity from Lloyd’s.
Products: Groupama makes products available for integration with brokers’ software
Groupama has made Optima Property, an online commercial property owners’ product, and Optima Trade Plus for micro SMEs available for full-cycle trading on Open GI, Acturis and Insurecom. It promised that integration with SSP will also take place by early…
Product: Insure As U Go launches pay-as-you-go household insurance policy
Insure As U Go has launched a household insurance policy targeted at insurance brokers, mortgage brokers, IFAs and conveyancing solicitors.
Reportage: Personal crisis?
The threats and opportunities in motor and household lines will be best dealt with by brokers able to evolve in 2013. Edward Murray investigates
Das warns on LEI drop
Das has warned that the number of policy holders taking out uninsured loss recovery has now hit an estimated 50%, down from over 80% a few years.
Sterling partners with ex-NIG chief in development plans
Sterling Insurance has partnered with consultancy firm Integrity to develop its commercial and household arm.
Allanfield Group poised to enter administration
Allanfield Group has appointed administrators after finding a “deficiency in its cash resource” that it is yet “to understand”.
Deloitte predicts 2012 household insurance profit
Deloitte has forecast that insurers will make a 2012 household insurance profit, the fifth year of profitability in a row.
Growing SMEs: SME-volution
From the earliest beginnings as innovative start-ups, to their ultimate emergence as corporate entities, evolving SMEs will always need brokers to ensure that cover matches exposure.
Under the radar
Underinsurance is a major problem for brokers, insurers and clients. Our panel of experts discuss what can be done to put the problem on the industry’s radar. Andrew Pearce reports
BlockInsure partners with Giles
BlockInsure has teamed with Giles to target residential management companies, managing agents and other organisations requiring specialist insurance advice for the residential property sector.
Pressure predicted to build for household insurers
Ernst & Young has predicted a 95% combined operating ratio (COR) for household insurance across the industry for 2012 despite the impact of weather and flooding.
Torrance: A strong performance
Chief executive Andrew Torrance has hailed Allianz UK’s performance as “very strong” as it reported profits of £115m for the first nine months of the year.
Review: Property pioneers
Essential Property Owners. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Chartis unveils new UK head of commercial property
Chartis has appointed Hilary Flynn as UK head of commercial property.
Aviva in £200m household deal with Gallagher Heath
Aviva has entered an underwriting and marketing partnership with Gallagher Heath’s household e-underwriting team at OIM.
Axa promotes one of its own to head of large loss
Axa Commercial Lines and Personal Intermediary has appointed Martin Steward as head of large loss.
Axa reports improved revenues and rates in UK & Ireland
Axa’s UK & Ireland operations have reported property & casualty (P&C) revenues of €3.2bn (£2.5bn) for the first nine months of 2012.
Cadogan boosts management
Cadogan Keelan Westall has strengthened its management team with the appointments of Amanda Hindman and Sue Filsell.
Groupama builds household team
Groupama has targeted growth in its niche household broker business by expanding its underwriting capability.