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WH & R McCartney
INSURANCE BROKERS

News

Newsletter:

Issue No. 7	Issue No. 6	Issue No. 5
Issue No. 4	Issue No. 3	Issue No. 2
Issue No. 1

Credit Crunch: Insurer solvency

AIG UK Ltd

Fortis Insurance

Credit Crunch: Rating Impact

We are all feeling the effects, to a greater at lesser extent. Whether that be through the cost of the weekly shop or increased fuel costs to keep vehicles on the road or to heat the home through the long Scottish summer!

So far the predicted (and long awaited) increase in commercial insurance rates has not materialised with any real consistency. BUT THAT WILL NOT CONTINUE TO BE THE CASE INDEFINITELY! The effects of years of underwriting losses on UK motor business, rising costs associated with liability (injury) claims, floods, plane crashes and even damage from the hurricane season all impact various areas of, what is now, a truly global insurance market. This all adds up to increased pressure from shareholders to "tighten up" and that means less focus on market share and a return to a culture of underwriting for profit...I know that's what we all thought that insurers did!?

Fore warned is fore armed.
We are here to work with our clients to manage these (inevitable) increases every bit as effectively as we manage the unforeseen situations you insure against!

Communication is the key.
Discuss your current business needs with your usual contact. If your activities or sums insured have changed don't wait. Tell us. We will work with you and your insurers to help and guide you.

Property Developers/Investors/Owners:

New Product

General: