Commercial Lines related articles – Page 270
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News
Localised terror cover promoted
Insurance buyers should consider buying terrorism cover with a lower deductible to reflect the threat posed by smaller scale attack styles, warned Simon Sole, chief executive of Exclusive Analysis (EA).With the dismantling of international terror networks in the wake of September 11, EA analysts have predicted that the biggest threat ...
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News
Hiscox scales back solicitors' PI
?Hiscox is prepared to see its solicitors’ professional indemnity (PI) book shrink further this year, claiming it will no longer accept new clients and would let existing firms walk in a bid to maintain premium rates.With the renewal season approaching on 1 October, Hiscox said it had considered exiting the ...
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News
SSP trades first integrated risk on Imarket
SSP has transacted its first live policy via its integrated Imarket panel which is currently in pilot phase with a small number of brokers.The software house said Imarket integration had been achieved with three insurers, AXA, Allianz and Norwich Union, for three business lines – Shop, Office and Tradesman. The ...
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Online only
Novae Syndicates makes management changes
Underwriting appointments to cater for diversified classes of business
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Online only
Hart joins Willis network
Clydebank broker looks to strengthen relationship with insurers
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Supplements
Supporting the broker 'have nots'
Broker Network chief executive Grant Ellis has steered the company to a record profit and a growing list of members. But now he’s on the acquisition trail. Andrew Holt reports
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C-Zone
Increasing the fire risk
Mark Dunham warns warehouse operators about the effects a change in working practices can have on fire safety
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Comments/LettersPrepare for investor action
Anthony Hilton says Lloyd’s insurers will face the legal consequences of the US sub prime debacle while their shareholders are seeking better management
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News
Smart & Cook's shopping spree
Smart & Cook’s shopping spree is continuing after it announced its 54th purchase with the acquisiton of Willis’ Cumbrian operation.Willis Cumbria, which has a staff of 24, will continue to offer its commercial and personal lines businesses from its Cockermouth and Carlisle offices.Prior to its acquisition by Willis in 2004, ...
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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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News
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
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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News
Motor book surge pushes up Fortis premium income
100,000 policyholders added despite rate rises
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News
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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News
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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News
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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News
Dixons plans commercial comparison site
Hig street retailer's aggregator site to offer personal lines products by autumn
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News
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 ...
