Property
Keelan Westall grows Prestige Broker Club to 28
Keelan Westall has revealed the total membership of its Prestige Broker Club is 28, up almost 20% since the spring.
Lloyd's underwriter moves to replace capacity
Glemham Underwriting has secured new capacity five months after it parted ways with previous provider, Barbican.
Claims rise as landlords cut maintenance budgets
The proportion of claims made for avoidable incidents such as leaks, burst pipes, frost damage and general wear and tear has increased by 5% since 2008 as tight budgets hit property maintenance by landlords.
Chaucer appoints Ball to Lloyd's property syndicate
Chaucer has appointed Simon Ball as international property treaty underwriter within Chaucer Syndicate 1084’s property division.
Lark buys Cadogan business from Barbon
Lark Group has purchased the Cadogan Hanover Park business from Barbon Insurance Group.
Travelers targeting Lloyd’s growth
Travelers has announced a series of promotions within its Lloyd’s operation, Travelers Syndicate Management (Syndicate 5000), to support long-term development in the market.
Oxygen develops niche home insurance scheme
Oxygen Insurance Brokers has launched a home insurance scheme offering tailored insurance cover for psychological professionals in the UK who see clients at home.
Insurance Age blog: Why broker is best ...
I've got a confession to make. It's got nothing to do with phone hacking or corrupting police officers but nonetheless it is a pretty shameful admission for the editor of an insurance title to make.
CGI sells chunk of MGA in bid to grow broker house book to £100m
Congregational & General Insurance (CGI) has sold a majority share of its subsidiary MGA, Integra Insurance Solutions, to the Hannover Re Group.
Cadogan Keelan Westall taps into auction market
Cadogan Keelan Westall has joined forces with Network Auctions to offer buyers cover within minutes of the hammer falling.
Zurich extends claim notification period to 30 days
Zurich has increased its notification period for property insurance policyholders from seven to 30 days, where a condition exists on policies for the reporting of riot claims.
Brit warns brokers to stick to current claims notification deadlines
Brit Insurance has issued a reminder to its brokers of the need for policyholders to comply with policy requirements in relation to the notification of claims.
Cost of riots unlikely to affect market rates
Fitch Ratings has predicted that the losses from the recent rioting across the UK will have no impact on UK insurers' ratings.
Reich makes second acquisition in as many months
Reich Insurance has completed its second acquisition in two months, with the purchase of Glasgow-based Surenet Agency.
Insurers are flooded with escape of water claims
Nearly one in five claims made on buildings and contents insurance is for damage caused by escape of water, costing £2m every day, according to research from the Association of British Insurers.
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
GWP growth at Allianz UK
Allianz Group has reported a 4.5% increase in its UK gross written premiums to €533m (£464.5m) in the first six months of 2011, up from €528m in the same period of 2010.
Axa points to referral fees to explain continued rise in costs
Axa UK has reported an improved combined ratio for the first half of 2011 but is still at a break even point of 100% while the total UK and Ireland property and casualty revenues came in at £2bn.
RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
Former Confused.com chief returns with new aggregator model
A new Covea-backed aggregator, due to hit the market early next year, is to be headed up by former Confused.com and Tesco Compare chief, Debra Williams.
Review: Helping hotels
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
Product roundup: It’s a Standard Life for the man from the Pru
The finish line is now visible for the much discussed integration of Standard Life Health into Pruhealth, following its acquisition last year. The insurer has taken the move as an opportunity to adopt what it calls a leadership stance on differential…
Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).