Property
L&G's half-year insurance profits halved after bad weather
Legal & General (L&G) saw its general insurance arm operating profit plummet by more than half to £8m for the first half of this year compared to 2011.
Profits up at Ageas
Ageas UK has revealed that pre-tax profits in non-life business rose to £56.1m for the first half of 2012, more than doubling from £23.4m in the same period of 2011.
Axa COR sneaks above 100%
Axa has revealed a combined operating ratio of 100.4% for UK property and casualty (P&C) business in the first six months of 2012, consistent with the 100% achieved in the same period of 2011.
Lockton expands Manchester team with ex-Lucas Fettes hire
Lockton has expanded its Manchester-based regional wholesale business with the appointment of former Lucas Fettes MD, David Lee.
Review: Hearth and home
ABC Home. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
LMI launches free online risk management service
Liberty Mutual Insurance (LMI) has launched a free online risk management facility for its policyholders.
Ace optimistic following improvement in COR
Ace has reported operating income of $1.444bn [£916.7m] for the first half of 2012, up from $932m in 2011.
AA: Home insurance premiums remain flat in Q2 but set to rise
The average cost of an annual home insurance policy, both buildings and contents, fell slightly over the second quarter of 2012, according to figures released by the AA.
Macmillan Sheikh delivers unoccupied property insurance scheme
Macmillan Sheikh has launched a scheme for unoccupied commercial and residential properties designed to offer cover to premises which are for sale, to let, undergoing renovation or in probate.
Groupama boosts e-trading offering after broker feedback
Groupama Insurances has made a number of enhancements to Optima Property, its product for commercial and residential properties.
Bollington expands into medical devices sector
Bollington has confirmed that it is targeting business in the life sciences sector specifically aimed at the medical devices area with a twelve-strong team.
Insurers blasted for "continuing delays" over flooding deal
Insurers and the government have been slammed for their failure to reach an agreement over affordable cover for households at risk from flooding.
Power Hour: Inherent defects insurance roundtable
In a special roundtable Insurance Age invited experts in inherent defects insurance to discuss the current state of this market.
RSA reveals UK weather costs will hit £50m
RSA has calculated that it is facing a £40m impact on its book of business from the UK rain during June.
NIG rolls out SME property product after successful trial run
NIG has launched its SME-focused Essential Property Owners (EPO) product to the wider broker market.
Home insurers’ underwriting profits increase
Deloitte has revealed that across the market home insurers posted a net combined operating ratio of 89% in 2011.
Brokers urged to check property covers amid cannabis "menace"
Questgates has warned brokers to check their property owners' covers amid a rise in UK cannabis factories.
e-Underwriting teams up with Acturis
e-Underwriting, the new division of OIM Underwriting, has launched a property owners’ insurance product on the Acturis platform.
Brightside partners with Asda
Brightside has partnered with Asda to manage the supermarket’s Asda Money car and home insurance offering.
Allianz Retail launches household product in Adrian Flux deal
Allianz Retail has made its Clear Household product available through Adrian Flux.
In conversation with Zurich: Personal lines broking
Personal lines brokers have endured endless change in insurance distribution and survived – and they continue to do so.
Aspen targets brokers with property owners' product
Aspen Risk Management (ARML) has launched a property owners' product designed to give brokers capacity for an estimated maximum loss of up to £75m for any one location.
Review: there's no place like home
HomeWorks: This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
AIG to use its brand name once more
AIG will use its brand in public once more after having shied away from using its own name.