Articles by Francesca Nyman
Multinationals jostle for acquisitions in south east Asia
The fight for a piece of south east Asia's insurance market is heating up as AIA Group, Manulife and Prudential PLC compete for mid-size acquisitions in the region totalling up to $1bn, according to a report by Reuters.
Insurers starting to embrace change but still a way to go, says PwC
PwC's global insurance leader outlined what successful insurers of the future could look like, and discussed the forces re-shaping the insurance sector, when he spoke at the 2012 International Insurance Society Seminar in Rio de Janeiro today.
Lloyd’s chief calls for Eurozone fiscal unity
Lloyd's of London chief executive Richard Ward has stressed the importance of fiscal unity throughout the Eurozone after Greece voted to remain in the euro.
Fitch affirms Rossiya ratings after restoration of motor licence
Fitch Ratings has affirmed OJSC Rossiya Insurance Company's insurer financial strength at 'B-' and national IFS rating at 'BB-' and removed them from rating watch negative.
ADNIC expands in Abu Dhabi
Abu Dhabi National Insurance Company has opened its latest branch in Abu Dhabi. Located on Salam Street, it is fully operational from today and will cater for all customers’ needs in the Emirate and Western region.
Talanx may rethink July IPO owing to market volatility
German insurance group Talanx is thought to be considering postponing its initial public offering slated for July, as market volatility continues following Greece's election, Reuters reported.
Local insurers return to Thailand flood market
Local insurers in Thailand are increasing their appetite for flood risk and reducing their dependence on the government's Catastrophe Insurance Promotion Fund, according to the fund's chairman Payungsak Chartsuthipol.
FM Global launches free nat cat toolkit
Commercial property insurer FM Global has launched an online resource for natural hazard planning to help businesses prepare for and protect against the growing risk of catastrophes.
Ferma plans formal certificate for European risk managers
The Federation of European Risk Management Associations is taking the first steps towards a pan-European certificate of professional competence for risk managers.
New policy offers 'affordable' medical tourism
A new health insurance product claims to allow UK citizens to take advantage of the high-quality healthcare enjoyed by their European neighbours at significantly lower cost than most private medical insurance policies.
European insurers remain well capitalised, says Eiopa
The majority of European insurers are well capitalised in terms of current Solvency regulations, although Solvency capital ratios are starting to decrease slightly, according to the European Insurance and Occupational Pensions Authority.
Data deployment key to improving claims performance and cutting fraud
Smart technology and data deployment can improve claims performance and cut £2bn worth of fraud, according to the Insurance Claims Management report from Clear Path Analysis.
Fitch downgrades Brit Insurance Limited over sale to Riverstone
Fitch Ratings has downgraded Brit Insurance Limited's insurer financial strength rating to 'BBB' from 'A', with stable outlook.
Oil markets blasé as sanctions force Iran's Asian buyers to cease imports
Iran's Asian oil buyers look set to halt imports when EU sanctions come in on 1 July, with potential repercussions for the global oil market.
Riverstone Group to acquire Brit Insurance Limited
Brit Group has agreed the sale of its FSA-regulated insurance company, Brit Insurance Limited, to Riverstone Group.
Japan's lower house passes Iranian oil tanker bill
Japan took a major step towards circumventing the imminent EU sanctions against Iranian oil on Friday after its lower house passed a bill to provide government guarantees on insurance for Iranian crude cargoes, Reuters reported.
Mapfre to provide assistance services for Dominicana Compañía de Seguros
Mapfre Asistencia's Dominican Republic-based subsidiary will offer an assistance scheme for motor insurance cover to customers of general insurance firm Dominicana Compañía de Seguros.
UK insurers face capital hike under RMS v11
UK insurers may see increases of up to 97% in their capital requirement for catastrophe exposures under Solvency II rules when making calculations under the new RMS model version 11, with French and German insurers facing similar though not quite so…
FM Global targets Asian expansion
FM Global wants to grow its presence in Asia as increasing numbers of its clients invest in emerging economies, according to the firm's head of Northern Europe Stefano Tranquillo.
'Modest recovery' on the horizon for brokers globally
The outlook for the global insurance brokerage sector remains stable, underpinned by expectations for a modest economic recovery in 2012-2013, Moody's said in its recent Global Insurance Brokerage Outlook.
AIRMIC 2012: Risk managers want outcomes-based policies
Risk managers want policies based on outcomes not perils, according to Prudential's group insurance risk manager Helen Hayden.
Chartis increases property capacity to $1.5bn
Chartis, the property and casualty arm of US insurer AIG, has increased its commercial property capacity to $1.5bn per risk globally.
German financial watchdog on the hunt for new insurance head
Germany's financial regulator Bafin is seeking a new head of insurance supervision following Gabriele Hahn's move to a new role after only 18 months in the job.
Willis appoints Asia FINEX head
Willis has appointed Tony Mitchell as regional head of the firm's financial, executive risk and professional liability business in Asia-Pacific, in response to the increasing exposures faced by executives of companies expanding globally.