Property
Axa plans Biba personal lines revamp
Axa is planning to launch three new personal lines products as part of a strategy overhaul to be unveiled at the upcoming British Insurance Brokers' Association (Biba) conference.
Protect Association chief Devine signs up with Allianz
Steve Devine, chairman of the Protect Association, has joined Allianz Global Assistance to work with the company’s business development team.
Nash joins Miller
Richard Nash, a specialist in global property and casualty programme design and placement for UK and European corporates, has joined Miller.
Co-op Insurance reacts to job loss fears
The Co-operative Insurance has moved to quell concerns over the jobs of more than 1,000 employees following the announcement it is up for sale.
Allianz Commercial goes to AIG for new property chief
Allianz Commercial has appointed Anneke Sims as manager, property underwriting.
Axa and Prestige in £150m capacity deal
Axa Commercial Lines and Personal Intermediary has signed a five-year capacity deal worth £150m with Prestige Underwriting Services.
Giles recruits Carlos Thompson in sector MD role
Giles has appointed Carlos Thompson from Endsleigh Insurance as managing director, private rental sector.
Review: Building confidence
Home & Legacy Building Works Extension. 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
Products: L&G launches mid and high net worth home insurance product
Legal & General (L&G) has targeted mid and high net worth clients with the launch of Enhanced home insurance. The new product comes in partnership with Aqueduct Underwriting. At first it will only be available through regional brokers before being rolled…
L&G strikes five-year product deal with Newcastle Building Society
Legal & General (L&G) has agreed a five-year extension to its current deal with Newcastle Building Society for its general insurance products.
Expertise in Action: Pricing: A Perfect Storm
The continuing economic downturn and prevalence of large losses make this a difficult period for the insurance industry – but the sector is demonstrating its resilience.
Allianz UK CEO admits broker retail profit and growth was "bridge too far"
Allianz UK CEO Andrew Torrance has admitted that the insurer took a hit on the top line of its retail broker segment in 2012.
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Corporate Underinsurance: Solving the problems
Underinsurance is a common problem and a collaborative approach is needed to stamp out an issue that has gone unresolved for too long
Ageas commercial COR improves to 109.9%
The new chief executive of Ageas UK, Andy Watson, has hailed the provider’s record profits while admitting it would not be looking to grow in commercial lines in 2013.
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.