Property
LV experiences rapid growth and profit hike but takes £30m hit in December
LV experienced accelerated growth in 2010, increasing premiums by 45% to £1.18bn, but recorded an underwriting loss of £43m.
Profits fall and combined ratio deteriorates at RSA
RSA has reported a 15% fall in profits after tax to £355m (2009: £419m) while net written premiums increased 11% to £7.5bn (2009: £6.7bn) in the year ended 31 December 2010.
Plum attributes growth to broker demand for non-standard cover
Plum Underwriting has reported a 54% increase in sales for the year ending June 2010 and revealed that it has more than doubled its agency base.
New property aggregator promises to help brokers retain clients
Former KGM group development manager, Doug Phelan, has returned to the market with a new ‘broker friendly’ aggregator proposition.
Home and Legacy now has platform to grow further, says MD
Home & Legacy has experienced a major increase in sales across its product portfolio, demonstrating a 26% year-on-year growth.
Jelf focuses on boosting personal lines offering
Jelf has appointed Antony Summers as managing director of its personal lines business reporting directly to chief executive of insurance Phil Barton.
Ex-Towergate trio reunited at Barbon
Barbon Insurance Group has confirmed the appointment of Brett Sainty as its new head of business for Cadogan Keelan Westall.
ECIS targets brokers through new affinity division
Electrical Contractors’ Insurance Services (ECIS) has announced the creation a new affinity group division.
New LEI product tailored for smaller landlords
Arc Legal Assistance has teamed up with Swinton Commercial to launch a commercial rental guarantee product for semi-professional landlords.
Product review: Media cover
This product has been reviewed by brokers and rated from one to five, based on the policy’s key benefits.
E-commerce: Simply Business reveals ambitious GWP growth plans
Simply Business, has unveiled a gross written premium target of £100m by the end of 2012, up from £41m last year.
Reportage - Commercial property: Businesses under the weather
Louise Phillips examines the risks facing commercial property when it comes to weather and how brokers should advise their clients to prepare for the worst and put in place measures to limit damage.
E-commerce: Commercial market struggles to meet fraud prevention demand
As the capacity for online small to medium-sized enterprise (SME) trading increases, the commercial insurance market continues to lag behind in fraud prevention, according to APC underwriting director, Ian Russell.
Power hour: A flood defence drought
The coalition has already announced that flood defence spending is to be cut. With the Statement of Principles due to run out in 2013 this month's discussion focuses on the possible impact for insurance. Emmanuel Kenning reports from Manchester.
Agenda: KIC 2010 results and 2011 outlook
Letter to president Petrov Arverbeyev Kazakhstan Insurance Company
News review: January 2011
Groupama announced its plans to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.
Direct Line targets mid-net worth sector
Direct Line has announced the launch of Direct Line Select Insurance.
Fraud costs UK over £38bn each year, according to NFA report
The National Fraud Authority (NFA) has reported that fraud costs the UK over £38bn a year with insurance fraud accounting for £2.1bn.
UK General Insurance targets smaller brokers with launch of commercial property scheme
UK General Insurance has added to its smart schemes initiative with a tailored commercial property scheme targeting upwards of £150,000 gross written premium.
Heath Lambert wins major pub contract
Heath Lambert has been appointed to provide all general insurances for one of the UK’s largest pub retailers, Enterprise Inns.
RSA expects 2010 profits to approach £630m despite bad weather impact
RSA has announced the impact of adverse weather in November and December 2010 to be around £142m above normal levels with full year costs predicted to hit £255m.
Insurance Age blog: It's a numbers game really
If you've ever been lucky enough to pick up a copy of The Curious Incident of the Dog in the Night-Time you may already be aware of the door conundrum, generally known as the Monty Hall Problem.
Number of fraudulent household insurance claims eclipsing motor, warns ABI
Home insurance is now the number one target for insurance fraudsters according to the Association of British Insurers (ABI).
Product review: A comprehensive package for letting agents
This product has been reviewed by brokers and rated from one to five based on the policy’s key benefits.