Property
Blog: What is JCT 21.2.1 insurance, and who needs it?
Tokio Marine HCC’s head of liability, Julian Goodall, considers the snappily-named clause developed to iron out liability issues in construction.
FCA urges brokers to help leaseholders in response to Gove request
The FCA's Sheldon Mills fires warning shot on broker commission transparency and adds the regulator will "use its powers to intervene" as he issues 'Dear CEO' letter amid review of the insurance market for multiple-occupancy homes.
Michael Gove calls on FCA to review rising premiums for residential buildings
In a letter to the FCA and the CMA, the Secretary of State for Levelling Up, Housing and Communities writes he is "extremely concerned" about the pressure leaseholders face from rapidly escalating insurance premiums on blocks of flats following the…
Biba calls for IPT relief in 2022
The trade association has asked government to reduce IPT to 10% in areas such as property, telematics, and cyber as it also pleads for a simplification of insurance tax in the travel sector.
Pen extends links with QBE for £300m capacity deal
The long term agreement is for three years and covers a range of sectors.
Opinion: New year, right cover
Allianz's Helen Bryant considers how businesses have developed during Covid-19 and outlines key ways their insurance needs may have changed.
Liberty adds to real estate proposition
The provider is launching a fresh product and has appointed two underwriters to support the initiative.
Home insurance premiums drop 8.2% year-on-year
Consumer Intelligence data reveals that a typical buildings and content policy now stands at £138, but premiums are expected to go up due to new pricing rules.
The stats: December 2021 – The Acturis Premium Index
The third quarter of the year saw rising premiums in almost all of the product lines featured in the Acturis Commercial Broking Index – the only exception being a minor dip in fleet.
News analysis: How climate change impacts risk development
Brokers tell Insurance Age about the way the risk landscape has morphed as a result of climate change and what advice they should be sharing with clients.
Consilium adds PI cover to asbestos scheme
The product is available to asbestos removers, demolition contractors, surveyors, general building firms, and allied trades.
Specialist property insurance and debt advisory broker launches
Co-founders Jack Bristow, Johnny Leadsom and James Mole say they aim to make it quicker and more effective for property developers to get both the insurance and finance that they need.
Zurich unveils flood resilience initiative
Insurer says it has transformed the way it handles flood claims for both direct and broker business following a warning by the Environment Agency (EA) that the UK must “adapt or die” to climate change.
GRP’s Alan & Thomas buys Aquilla
Alan & Thomas is the southern hub business for Global Risk Partners.
The Insurance Age Top 100 2021
Our Top 100 Independent Brokers Supplement is now available to view online.
Insurance Age relaunch: Don't miss our product hub
Check out the website's fresh section, Product Hub, for in-depth features and content spanning 11 product lines.
Fraudulent claim value goes up but detection rates also increase
ABI data shows the average fraudulent insurance claim has now reached £12,000 as the the body praises the efforts made by insurers’ fraud investigation teams throughout the pandemic.
Pikl teams up with Esure and Sheila's Wheels
The sharing economy start-up has signed a distribution deal with the providers.
NFP buys Dublin-based Aiken Insurances
Acquisition provides further entry into Ireland and expands specialty expertise for the US headquartered business.
Towergate launches commercial and property quote and buy scheme
The broker has teamed up with SchemeServe to develop the platform which offers a combined commercial and residential property owners’ scheme.
Polaris reports post-lockdown boost in SME insurance volumes
The organisation says the number of policies traded on its imarket solution reached a record high in March 2021, after volumes dropped in 2020 when businesses closed due to the pandemic.
ERS gains approval for expansion into new business lines
The provider's Syndicate 1856 is moving into business classes including D&F property, marine and energy liability, political risk, terror and war, cargo and specie and professional lines, following $350m capital injection.
PIB buys Jersey-based CBCJ
Consolidator says the PI specialist broker will be integrated into its Guernsey-based business as it plans to expand across the Channel Islands.