Articles by Francesca Nyman
Tycoon's son makes surprise ING Asia bid
The son of Asia's wealthiest tycoon, Li Ka-shing, has lodged a surprise bid for the south east Asian businesses of ING's $6bn Asian insurance operations, the Financial Times reported today.
Lift protectionist regulations or lose foreign firms, China warned
A fifth of firms investing in China may shift future investment to other economies as a result of protectionist regulations, according to a survey by the European Chamber of Commerce in China.
RSA targets 'consistency' across global network with GSL restructure
RSA's reorganisation of global speciality lines aims to bring consistency across the group's global network, according to Paul Donaldson, director of global broker relationships and sales.
Top 10 news stories
The top 10 stories from www.insuranceinsight.com last week.
O’Donnell replaces Robinson as Ace financial lines head
Timothy O'Donnell has been appointed executive vice president of financial lines for Ace's international insurance operations.
Miller hires Asia treaty reinsurance specialist
Broker Miller has recruited south east Asia treaty reinsurance specialist Chin Kim Sun from Aon Benfield.
Amlin to integrate French unit
Amlin France, known as Anglo-French Underwriters before its 2008 acquisition by Amlin Group, will be integrated into Netherlands-based Amlin Corporate Insurance as part of the insurer's European growth strategy.
Geyer steps down as Vienna Insurance president
Günter Geyer is resigning after 11 years as chief executive of Vienna Insurance Group, having presided over the most profitable period in the group's history.
A third of general insurers to re-price products in run-up to Solvency II
Increasing numbers of insurers plan to re-price and reorganise their product mix in response to the introduction of Solvency II regulations, according to a Deloitte Survey.
XL allows collateral trusts in place of letters of credit
XL Group is now accepting collateral trusts in lieu of letters of credit used as collateral for corporate deductible and captive insurance programmes in the UK.
QBE underwrites RMP's public sector business
QBE Europe will underwrite the public sector business of AJ Gallagher subsidiary Risk Management Partners from 1 July.
Tawa aquires Oberösterreichische Versicherung's run-off portfolio
Tawa's German subsidiary, Hamburger Internationale Rückversicherung AG, has taken over a reinsurance portfolio in run-off from Austrian insurer Oberösterreichische Versicherung AG.
Axa fails in bid to re-enter Taiwan market
Taiwan's insurance regulator has refused to allow Axa to re-enter the market owing to concerns about the French insurer's commitment.
Coface appoints manager for France and Western Europe
Coface has appointed Jean-Michel Riou as manager of Coface France and the Western Europe platform.
Top Stories
The top 10 stories from www.insuranceinsight.eu last week.
Consumers will suffer if Indian insurers can't increase rates
Pricing is a major challenge for India’s insurance industry, according to the new head of Bajaj Allianz General Insurance.
Insurers and brokers too resistant to change
Resistance to change is the biggest weakness for insurers and brokers, according to a survey by JLT at the 9th annual Global Communications, Technology and Media forum in Salzburg.
Near norm Atlantic hurricane season predicted
Hurricane activity in the 2012 Atlantic season is likely to be close to the long-time norm values, but 10-40% below the norm values for the past 10 years, according to a forecast by Tropical Storm Risk.
Greek exit could drive further insurer downgrades
Future ratings action on Italian and Spanish insurers is more likely to be driven by the macro-economic environment and sovereign rating than the idiosyncratic credit fundamentals of a particular insurer, Fitch said today.
Aviva exiting South Korea and Sri Lanka, reports say
British insurer Aviva is putting its South Korean and Sri Lankan businesses on the auction block, according to reports by Reuters news service and the Chicago Tribune.
Italian broker Golinucci launches PI aggregator site
Italian broker Golinucci Assicurazioni has launched an online comparison site for professional indemnity insurance for the Italian market.
Japan may provide cover for nation's Iran crude tankers
Japan's government may provide cover for tankers bringing in Iranian oil once a European Union ban on insurance takes effect in July, Reuters reported on Wednesday.
Stable outlook for Chinese P&C sector
The outlook for the Chinese property and casualty insurance industry is stable, according to the latest Moody's market update.
Yang Minsheng appointed chairman of China Life
China Life Insurance Group appointed Yang Mingsheng as chairman and executive director at its annual general meeting yesterday.