Articles by Francesca Nyman
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
AM Best gets green light for Dubai branch
Ratings agency AM Best is to open an office in the Dubai International Financial Centre in Dubai, UAE, after receiving the necessary regulatory and legal approval.
European Council introduces rule to limit short selling in crisis situations
The European Council has adopted a regulation designed to restrict short selling and certain aspects of credit default swaps in situations where there is a threat to financial stability.
Indian shipping firms may look to China for insurance
Indian shipping companies may turn to China in their struggle to find replacement insurance coverage when EU sanctions on Iranian oil come into force.
Quarter of Indian consumers think life insurance is not important
Insurers in India face an uphill struggle to persuade consumers of the need for life insurance, a recent study indicates.
Emerging markets present growth opportunities for energy firms
Despite geo-political turmoil, many economies now present increased growth opportunities for global energy companies due to decreasing political risk and improvements in legal and regulatory environments, according to risk analysis company Maplecroft.
Ferma advisor made Dexia director
The Belgian government has appointed a former president of the Federation of European Risk Management Associations as an independent director to state owned bank and insurer Dexia.
Perils expects €267m losses from Windstorm Andrea
Independent Zurich-based firm Perils has disclosed its initial loss estimate for windstorm Andrea as €267m.
CNA apppoints John Taylor as chief underwriting officer
CNA Insurance has appointed John Taylor to the newly created role of chief underwriting officer, with immediate effect.
Insurers in the Philippines reject tax waiver
Non-life insurers and reinsurers in the Philippines have rejected a government offer of a 10% reduction in annual aggregate tax, according to reports in the local press.
Opening China's mandatory motor market won't harm domestic insurers
The Chinese government's decision to open the third-party motor liability market to foreign insurers is unlikely to adversely affect local insurers, according to the nation's biggest non-life insurer.
QBE merges casualty, professional and financial lines
Business insurance specialist QBE is combining its casualty international and professional and financial lines teams to form a new division, from 27 February 2012.
Skiers rescued from European slopes face £16,000 bill
Skiers hurt or lost on the slopes in Europe could find themselves being presented with an average bill for £16,000 (€19,000) if a search and rescue team is called out to help them, according to research by Complete Ski.
Great Eastern CEO optimistic about Southeast Asian market
Asia's oldest insurance group, Great Eastern, remains bullish on the prospects of the industry in Southeast Asia, despite the eurozone crisis, low penetration rates and insufficient coverage in several regions.
Industry loss estimates for Thai floods increase to $15bn
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.
Bernardino urges EC to agree Solvency II timeline
The chairman of the European Insurance and Occupational Pensions Authority has again expressed concern about the impact of Solvency II delays.
McGavick remains confident as XL reports $474.8m loss
XL chief executive officer Mike McGavick said his firm would not shy away from "frustrating" 2011 results, but asked yesterday for their broader context to be considered.
Lonmar launches Medicare as a subsidiary company
Lonmar Global Risks has launched its Medicare International division as a subsidiary company, as part of the firm's strategy to establish managing general agents.
Willis CEO calls for insurers to provide resilience
The insurance industry is uniquely placed to provide resilience amid the global financial crisis, according to Willis CEO Joe Plumeri.
Mapfre: performance warrants better credit rating
Mapfre's general manager criticised ratings agencies for failing to take the company's financial figures into account when downgrading them, at the Spanish insurer's press briefing this morning.
Catlin reports reduced profits due to cat losses
Bermuda-based speciality reinsurer Catlin Group reported $71m profit before tax for 2011, down from $406m for the 2010 year.
Mapfre reports 15.5% premium growth for 2011
Spanish insurer Mapfre reported a 15.5% growth in premiums to €19,600.2m in its full year 2011 results released today.
Philippines quake: only 10% of damage insured
Economic losses from the magnitude 6.7 earthquake that struck the southern Philippines on Monday are estimated to be close to $1bn - but only a tenth of the damage is thought to insured.
Arab Spring aftermath threatens businesses in the region
Protests and tensions in countries affected by the Arab Spring remain a concern for businesses operating in those nations, according to Aon’s 2012 Political Risk Map released today.