Articles by Francesca Nyman
Nordic insurers will need bigger investment adjustments under Solvency II
Nordic insurers will need to make bigger adjustments to investment portfolios because of the likely requirements of Solvency II, according to Fitch.
EU stands firm on Iran shipping sanctions
The European Union has no intention of delaying the implementation of sanctions against ships carrying Iranian oil, and Europe could cope with any extra loss of Iranian crude exports stemming from these measures, EU Energy Commissioner Gunther Oettinger…
Ferma elects board members for new term
The Federation of European Risk Management Associations has elected three board members for new three-year terms.
Germany 'must open up' to global insurance market
The Eurozone crisis and the export-led boom in German industry mean that Germany's insurance buyers must look to markets outside their own borders for insurance solutions, according to Jan Blumenthal, Lloyd's general representative for Germany.
THB poaches Marsh Netherlands vice president
Broker THB has appointed Rick Gerritsen as broking director of its European division in Amsterdam.
Manulife plans Asia expansion
Candadian insurer Manulife Financial plans to double its insurance agents in Asia to about 100,000 in the next five years and boost the region's share of profit to 40%.
Mapfre to supply motorcyle cover for Peugeot in Italy
Mapfre Asistencia's Italian arm has entered into an agreement with Peugeot Citröen Group to provide roadside assistance and customer services to Peugeot Scooters, the group's specialist motorcycle unit.
Japan to allow sovereign guarantees for tankers
Japan's cabinet plans to approve a bill giving sovereign guarantees for the nation’s oil tankers, circumventing sanctions aimed at stalling Iran's nuclear programme, according to Bloomberg.
RSA fills Asia and Middle East legal role with ex-Fortis Bank GC
General insurer RSA has appointed Christina Tham as legal, risk and compliance director for the Asia and Middle East region.
Aon estimates €5bn loss from Italian quake
The magnitude 6.0 earthquake in Italy's Emilia-Romagna region last month caused an estimated €5bn in economic losses, according to Aon Benfield's monthly global catastrophe report.
Allianz France agrees deal for Groupama's Gan Eurocourtage
Groupama has agreed to sell the property and casualty brokerage-related activities of its Gan Eurocourtage subsidiary to Allianz France for an undisclosed sum.
Vijay Raghaven promoted to CEO of Ace Arabia
Ace Group today made several appointments to its Middle East and North Africa team.
XL to write political and trade credit risks via Lloyd's platform
XL Group has received approval from Lloyd's to write political and trade credit risks using the Lloyd's platform via XL Group's Lloyd's Syndicate 1209.
Burton to head Coface's Asia Pacific platform
Richard Burton has been appointed manager for Coface's Asia Pacific platform.
Fondiaria-Unipol merger suffers further setback
Jonella and Paolo Ligresti, two of the principal owners of Italian insurer Fondiaria-SAI, have refused to agree to conditions necessary to waive a mandatory bid on minorities in a planned merger with rival Unipol, threatening to scupper the deal,…
Generali on negative watch after CEO change
Ratings agency Standard and Poor's has placed Italy's Generali on negative watch following the removal of Giovanni Perissinotto and his replacement with Zurich head of general insurance Mario Greco.
Norton Rose bolsters French practice with new appointments
Global law firm Norton Rose has recruited Hogan Lovell's Bénédicte Denis as a corporate partner in its Paris office.
LIC investigated over Rs10m death benefit scam
The Life Insurance Corporation of India is being investigated for alleged "serious financial irregularities" in a scheme designed to provide insurance for the country's rural poor.
Executive chairman retires from Cooper Gay energy division
Tony Pickering is retiring as executive chairman of the energy division at insurance intermediary Cooper Gay & Co.
MDS Holdings recruits international specialist to spearhead expansion plans
European and Latin American broker MDS Holdings plans to expand its global footprint beyond its current Portuguese, Angolan and Brazilian territories.
QBE appoints new non-executive director
Business specialist QBE has appointed Wai Au as non-executive director of its Lloyd's operation QBE Underwriting and its UK company market and European branch operations, QBE Insurance.
Willis Re appoints regional director for APAC and ME
The reinsurance arm of broker Willis Group today appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
Barnier "hopeful" of political agreement on Solvency II
Despite "rapid progress" being made, Solvency II may not apply from 1 January 2014 if political consensus is not reached in the next few weeks, according to Michel Barnier.
RSA's Canadian arm acquires Quebec-based P&C insurer
Home, motor and business insurer RSA Canada has agreed to acquire L'Union Canadienne, a Quebec-based intermediated P&C insurer, from its parent company Co-operators General Insurance Company for C$150m pending regulatory approval.