Property
Allianz's half year results show GWP rise but profits drop
As part of Allianz’s half year results CEO Andrew Torrance has promised further double digit rate increases in private motor and said there was a “prospect of underwriting profit” in this area in 2011.
Zurich raids Axa for property head
Zurich UK has announced the appointment of Peter Clark as head of property and strategy exposure management, commercial lines, effective 1 October 2010.
Dual targets SMEs via e-trading
Dual Corporate Risks has launched an e-business strategy targeting small to medium enterprise business (SME).
Insurance rates fall across EMEA, says Marsh
Insurance rates have fallen for certain classes of business across Europe, the Middle East and Africa (EMEA) during the first half of 2010, according to research.
Allianz P&C profits increase
Operating profit in Allianz property and casualty (P&C) operations has grown by 28.2% to €1.14bn during Q2 2010, compared to the same period last year.
RBSI reports operating loss for Q2 2010
Royal Bank of Scotland Insurance (RBSI) made an operating loss of £203m during Q2 2010, compared to a £142m profit for the same period last year.
Howden appoints law firms to surveyors’ panel
Lloyd’s broker, Howden, has created a panel of law firms to provide a range of legal services to its surveying clients. The panel members are Reynolds Porter Chamberlain, Beale and Company, Weightmans and CMS Cameron McKenna.
RSA half year results show premiums up 9%
RSA has announced UK net written premiums of £1.5bn in the first half of 2010, up by 9% compared with the same period of 2009. However, it added its combined operating ratio had slipped from 97.4% to 98.9% for the comparable periods as a result of severe…
Four men sentenced for role in claims fraud
Two men have been sentenced to a total of 30 month’s imprisonment for defrauding insurance companies as part of Operation Flash, a joint effort between the Insurance Fraud Bureau (IFB) and Lancashire Constabulary.
Legal: The opportunity of uncertainty
The vague Green Economy Bill is not an excuse for the industry to ignore climate change risks, rather to take a lead in tackling the problem and grab a big opportunity, writes Lindene Patton.
L&G insurance profits increase to £14m for H1 2010
Legal & General’s (L&G) insurance division has reported a rise in operating profit to £14m for H1 2010, compared to £6m for the same period last year.
Insurance revenue grows 9% at Moneysupermarket
Moneysupermarket has reported a 9% increase in insurance revenue to £40.6m for the six months to 30 June 2010 (H1 2009: £37.1m).
E-commerce: Swift Assure quote-and-buy facility targets high-profile users
Leicester-based online broker startup Swift Assure has announced the launch of a new quote-and-buy facility.
NIG launches property policy
NIG has launched its new Premier Property Owners product to a panel of up to 40 brokers.
Product review: Tradesman product wins on price
The products reviewed here are rated from one to five by brokers, based on the policy's key benefits.
QBE wins Towergate property account
QBE has confirmed that it has entered into an agreement to be the insurer for Towergate’s commercial property owners business.
Allianz updates business cover
Allianz Commercial has announced a revamp of its Commercial Select product.
News review: July 2010
A review of July's industry news.
Product launches: RSA introduces policy enhancements to fleet active offering
RSA has updated its Fleet Active offering and launched new Small Business Combined (SBC) and Yacht Alliance products.
Arag service comes out on top in legal expenses insurer questionnaire
Brokers have voted Arag the best legal expenses insurer (LEI) in terms of overall service in a survey by Insurance Age's sister industry insight unit Insurance 360.
Service is key factor in picking home insurance provider
More than 12 million people are set to switch utilities or insurance provider in search of 'better service', according to research.
Hill Dickinson confirms Halliwells acquisition
Hill Dickinson has acquired Halliwells’ Liverpool and Sheffield operations.
Oak Underwriting and Westinsure strike deal
High net worth (HNW) specialist Oak Underwriting has agreed a deal with Westinsure Group to provide HNW expertise to its network of independent insurance brokers across the UK.
Fortis invests in household risk offering
Fortis has invested in a new suite of computer models from technology provider Business Insight that are designed to predict the relative risk of claims for a number of insured perils across the UK.