Commercial Lines related articles – Page 259
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News
R&SA to offer services for property investors
Royal & SunAlliance (R&SA) has introduced a range of services for its property investor customers, including an assessment of the risk of flooding in their potential investment areas.Offered by R&SA’s regional property investors trading teams the services include a version of the geographical risk assessment which can calculate the risk ...
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Glassure launched to manage glass costs
RAC Auto Windscreens has launched Saga Glassure, the first large-scale underwritten automotive glass solution. In partnership with Saga Insurance, the deal means glass cover risk will be transferred to RAC Auto Windscreens, which will manage all claims handling and administration on Saga’s behalf. Saga Insurance has been an RAC Auto ...
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News in brief
JLT wins motor sport dealThe Motor Sports Association, the governing body of UK motor sport, has appointed Jardine Lloyd Thompson (JLT) to handle all its insurance requirements from the start of 2008 following a formal tender process earlier this year. The contract had been held by Lockton, after its acquisition ...
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Motor book surge pushes up Fortis premium income
100,000 policyholders added despite rate rises
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Global markets help Hiscox profits boom
?Hiscox has posted record half-year results with its Lloyd’s-written global markets business making up the bulk of the booming profits.The Bermuda-based, London-listed insurer posted gross written premiums up more than 17% from £625.1m to £733m with pre-tax profits leaping more than 72% from £61.3m to £105.6m. The company’s combined ratio ...
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Currency rates hit QBE Europe
Australian insurer QBE announced in its annual report that tough currency rates had hampered its European and Lloyd’s operations. The report said gross written premium (GWP) for European operations was down 4% to $2.9bn (£1.17bn) compared to the previous year, and net earned premium fell 6% to $1.9bn.But the combined ...
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Financial news
Hardy ups 2005 forecast Hardy Underwriting Group, the specialist Lloyd’s insurer reported that the expected profit for Syndicate 382, which it owns and manages, for the year ended 2005 to be in the range 11% to 16% (previously 7.5% to 12.5 %). In accordance with Lloyd’s requirements, the 2006 ...
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Dixons plans commercial comparison site
Hig street retailer's aggregator site to offer personal lines products by autumn
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Insurers to reassess product recall risk
The recent spate of multi-million pound product recalls from China will lead insurers to reassess how to manage the associated risks, according to industry figures. Aon associate director Mark Quinn said many customers would soon make it a contractual requirement for their suppliers to buy product recall protection, but cover ...
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SMEs face bankrutptcy over foot and mouth
Specialist underwriter Crowe Livestock has warned that the full extent of financial casualties among industries that support farming following the recent foot and mouth outbreak has yet to become clear. It said that while affected farmers and cattle owners would receive compensation from the government for animals that had been ...
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UK insurers face US mortgage fall-out
Legal actions launched in the US over bad loans may have to be paid for by London market insurers
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News
UK seeks EU aid to pay for summer floods
?The government has admitted that it has applied for relief aid to the European Commission, after the floods in June and July . The ABI said about 45,000 households and 14,500 businesses had made insurance claims following the UK’s worst flooding in more than a half-century. The cost of the ...
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Insurers team up with the Met to combat plant theft
Crime ring costs industry over £400m a year
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News
Relief as hurricane Dean calms
UK insurers are breathing a sigh of relief after the calming of Hurricane Dean which ripped through Jamaica and Mexico amassing about $1.5bn in insured losses.Hurricane Dean was a Category 4 when it swept through Jamaica last weekend and Mexico earlier this week, however, it stayed mainly offshore and in ...
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Online only
JLT targets Japanese construction
New hire to develop opportunities with Japanese business community
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Online only
R&SA service assesses flood risk for investors
New services enable property investors to calculate risk of flooding
