Property
Rates hardening at Amlin UK
Amlin UK has revealed an 8.4% growth in gross written premium (GWP) to £269.7m for the year to 31 October compared with £248.8m for the same period in 2010.
Capacity changes for Towergate MGAs
Fusion and Towergate Underwriting Household have both confirmed new capacity deals for the next five years.
Hardy blames catastrophes for 111% COR
Hardy Underwriting has revealed a combined operating ratio (COR) of 111% for the first nine months of 2011.
Trade bodies respond to flood insurance concerns
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have both moved to address the insurance problems being faced by homeowners in flood affected regions.
The Big Idea: winner revealed
Stuart Garforth, of L Wood Insurance Brokers in West Yorkshire, has won the Big Idea competition.
‘Strategic’ decision delays aggregator offering
The launch of a new aggregator due to hit the market early in 2012 has been delayed as part of a ‘strategic decision’.
Personal lines growth drives up NWP at RSA
RSA has reported UK personal lines Q3 net written premiums were up 13% to £1 036m, with commercial lines up just 2% to £1 282m. Overall the UK was up 7% to £2 318m.
New technology to provide more accurate flood risk pricing
Chubb Insurance has adopted a new system for predicting the potential severity of flood risk to individual properties.
Invicta completes Fountain acquisition
Invicta Insurance Services has acquired the household and property owners’ portfolios of Fountain Insurance & Investment Services.
Axa reveals 1% growth in UK P&C business
Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.
Ace posts Q3 loss
Ace has reported a net loss for the third quarter of 2011 of $31m (£19.4m) compared with a profit of $675m in the same period of 2010.
Escape of water costs home insurers £730m a year
Legal & General (L&G) has calculated that insurance claims for escape of water damage in UK homes cost the insurance industry £730m in 2010, nearly double the £370m cost of burglary claims over the same period.
NIG hires from rivals to grow London SME book
NIG has made two senior appointments to its London office in a bid to secure a greater share of the London SME market.
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.
Keelan Westall boosts underwriting agency
Keelan Westall has appointed Simona Wilson to its in-house underwriting agency as team leader and promoted Caroline Dixon to underwriting manager as it looks to strengthen the division.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Car premiums stall but home still rising
The latest AA British Insurance Premium Index has revealed a small 0.3% fall in car insurance premiums while buildings insurance rose by 4% in the third quarter of 2011.
New PI product for property agents hits the market
Property insurance broker Deacon has developed a new professional indemnity insurance product for managing agents.
Flood cover could be pulled following reforms warns ABI
Government tactics to reform the planning process must not lead to uninsurable building developments, the Association of British Insurers (ABI) has warned.
Bridge looks to former Cobra director to grow property account
Bridge Insurance Brokers has appointed a new head of real estate as it bids to grow its property account.
Mageean signs up with Broker Network and Countrywide
Bernard Mageean has been appointed as director of insurer relations at Broker Network and Countrywide.
Plum plucks senior underwriter from Brit
Plum Underwriting has appointed Paul Evans to the position of senior underwriter with immediate effect.
Axa Commercial Lines wins Bruntwood contract
Axa Commercial Lines has been appointed as property owners’ insurer for Bruntwood, the Manchester-based commercial property owner.
XL launches life science insurance solutions
XL Group has launched a new range of insurance solutions for the life science industry.