Articles by Francesca Nyman
Crisis pushes EMEA risk managers to demonstrate value
Risk managers across EMEA are using the financial crisis to demonstrate how they add value, and are gaining kudos in the boardroom as a result, according to Marsh's latest report.
Aon downgrades 37 countries for terrorism and political violence
Companies must consider threats to business continuity due to civil unrest, said Aon Risk Solutions, as it downgraded 37 countries in its annual Terrorism & Political Violence map.
Tata AIG launches lifetime renewable health policy
Tata AIG General Insurance Company has launched its lifetime renewable reimbursement health insurance policy in India.
Litigation in Continental Europe may affect European insurers
Attempts to adapt local legislation to European Union and international law are creating a challenging environment for insurers operating in the region, according to Guy Carpenter.
Spanish bank mergers could benefit large insurers
The ongoing restructuring of the Spanish banking system following the merging of several savings banks offers advantages to the country's largest insurance companies, said Moody's in its latest special comment report.
Indian ship owners vow to carry Iranian oil despite reduced cover
Sanctions-hit Indian shipping firms will continue transporting Iranian crude oil, even if restricted insurance coverage leaves them financially exposed in the case of a spill or accident, industry sources have said.
Filipinos dependent on public insurance schemes
Over 90% of Filipinos are reliant on government retirement insurance, according to the Banko Sentral ng Pilipinas's inaugural Consumer Finance Survey.
Certificate aims to reduce premiums for Dubai's safe drivers
Dubai's Roads and Transport Authority is introducing a driver certificate designed to allow safe motorists to reduce their premiums.
Zurich and HSBC join forces in MENA distribution deal
General insurer Zurich has agreed a 10-year distribution deal with HSBC Middle East.
India's general insurance market posts 23% premium growth
India's general insurance market achieved premium income growth of 23% for the full year 2011.
Philippine Prudential reports hike in microinsurance payouts
Philippine Prudential Insurance company paid more than P22m (€391,000) worth of claims in 2011, a significant increase on 2010 when payouts totalled P2.49m.
QBE poaches Pryce from Ace UK
QBE has recruited Ace UK president Richard Pryce as deputy chief executive of QBE European Operations.
Ace appoints new leaders of UK and Ireland Retail
Ace Group has promoted a number of senior staff within its Europe, Middle East and Africa region.
Economic turmoil and CBI top risks for industrial sector
The industrial and materials industry has had to change the way it prioritises resources for risk response, amid the struggling global economy and catastrophes including the Thailand floods and Japan earthquake, according to Aon Risk Solutions.
Japan discusses tanker cover for sanctions-hit ships
The Japanese government may yet step in to to compensate for the insurance shortfall faced by tankers carrying Iranian oil.
AIA increases value of new business by 27% in Q1
AIA Group achieved 27% growth in the value of new business to reach $232m in the first quarter of 2012.
Matthews takes up role as Sevitt CEO
Mike Matthews, the former chief executive of Setanta, has reprised his role as CEO of business solutions provider Sevitt, almost after year after leaving the Irish insurer.
Zurich, CNA and Liberty International join NCC cyber group
Information assurance firm NCC Group has launched a forum to work towards establishing a minimum security standard for the uptake of cyber insurance.
Insurers reap benefits of Vietnam's growing middle class
Vietnam's insurance market has experienced strong double-digit premium growth in recent years and demand for insurance products is forecasted to continue, according to a recemt AM Best report.
Indian court says firm must pay claims in cheque bounce case
India's Supreme court has upheld an insurance company's obligation to pay third-party claims, even if the insured's premium has gone unpaid.
Mapfre's Maltese assistance unit begins operations
Middlesea Assist, the new subsidiary of Mapre Assistencia, has started to operate in Malta.
Catlin given the go-ahead for Beijing office
Lloyd's reinsurer Catlin Group has been granted approval by the Chinese Insurance and Regulatory Commission to open a wholly owned representative office in Beijing.
Chinese state pushes to extend basic medical cover
The Chinese government is embarking on a plan of healthcare reform that aims to expand basic medical cover to at least 95% of Chinese citizens.
Chubb's A++ financial strength rating affirmed
AM Best has affirmed the financial strength rating of A++ (Superior) and issuer credit rating of AA+ for the Chubb Group and its property/casualty members.