Property
Profits up at Lancashire Holdings
Bermuda-based Lancashire Holdings has announced an increase in net profit after tax for the second quarter of 2011 and the six month period ended 30 June 2011.
NIG plans to expand property owners portfolio
NIG has announced plans for an additional property owners product aimed at smaller risks following the first year of trading for its premier property owners product.
Axa Assistance reports rise in turnover and profit
Axa Assistance has announced a 5.2% increase in turnover to £829.2m (€929m) for 2010 from £788m in 2009 along with a rise in net profit to £17.8m (2009: £11.2m).
L&G warns of increase in burglaries
Legal & General (L&G) has queried the findings of the British Crime Survey which reported a 14% increase in burglaries in England and Wales but found “no evidence” that the recession is having an impact on overall crime figures.
Brit swoops for key property player from Zurich to head up new team
Brit Insurance has formed a new, specialist team offering insurance to property investors as part of its UK business unit.
Fusion develops DAS legal expenses cover
Fusion Insurance has announced several enhancements to its legal expenses cover with its partner DAS for both clients and brokers.
Broker sets sights on professional services in growth drive
Cadogan Keelan Westall has announced it is to target professional services networks as part of what the broker describes as an aggressive growth strategy.
Stackhouse Poland launches third joint venture
Guildford-based broker Stackhouse Poland has launched Stackhouse Fisher, in association with accountancy firm HW Fisher, with a commission target of £1m by 2016.
Brokerbility's two new members raise GWP to over £450m
Brokerbility has added two new members in the form of Saffron Insurance and Morrison Insurance Solutions.
Homecall Plus rescued from liquidation
After being placed into compulsory liquidation in May this year, Homecall Plus has been bought by a 21 year old female entrepreneur from Wigan.
Bulletin from Bordeaux: Axa’s global chief sees UK market hardening
In his third special report from Axa's media conference in Bordeaux, Emmanuel Kenning reports on UK commercial market hardening and Axa's global prospects.
Brokers rate motor top for growth in personal lines
A survey by Mapfre Assistance has rated motor as the product area most likely to drive growth for insurance brokers in personal lines over the next 12 months.
Plum choice for new MD
Somerville Holdings has promoted David Whitaker to the role of managing director at its specialist household subsidiary, Plum Underwriting.
Groupama claims e-trading milestone
Groupama has labeled Optima Business Plus “the market’s first fully online, multi-section, commercial combined product”.
Towergate turns to 'family' for new MDs
Towergate Underwriting has announced the appointment of three new managing directors.
Sterling uncovers broker confidence schism
Research by Sterling Insurance has revealed that 65% of brokers are confident about commercial lines business growth prospects in the next 12 months while over half saw no prospect of growth in personal lines.
Appeal decision good news for surveyors
The Court of Appeal has unanimously agreed that surveyors did not owe a duty of care to a buy-to-let investor in the case of Scullion v Bank of Scotland Plc (t/a Colleys).
Select & Protect enters non-standard home insurance market
Select & Protect has launched a non-standard risk home insurance product for brokers aimed at customers struggling to find cover due to criteria such as a flood risk property, adverse claims history or criminal convictions.
Financial confidence falling, research says
Research from Axa has revealed that 40% of consumers have made significant spending cutbacks since the end of last year with financial confidence continuing to fall.
Gallagher raids Towergate for senior hires
Gallagher International has poached the managing directors of two of Towergate's largest underwriting units.
APC revamps hoteliers and guest house owners policy ahead of Olympic tourist surge
APC has announced the re-launch of its hotel and guest house product with area rating designed to help brokers service UK proprietors looking to take advantage of the expected nationwide surge in tourist numbers resulting from the Olympics.
Products: Self-build scheme goes online
Broker Atkinson Smith and Brit Insurance have launched an online quote and buy system as part of their self-build (new build) and home extension/conversion scheme.
JLT targets landlords with online offering
JLT Specialty (JLT) has launched an online quote and bind facility for property owners' risks aimed primarily at the broker sector.
Arista establishes permanent presence in East Anglia
Arista Insurance has appointed Stephen Robinson as development underwriter for the East Anglia region.