Articles by Francesca Nyman
TomTom targets Europe with new telematics product
Dutch navigation systems maker TomTom NV is making a foray into the telematics market after teaming up to produce a device to track driver behaviour.
Vietnam's finance ministry calls for consolidation to strengthen insurance market
Vietnam’s finance ministry plans to restructure the country’s insurance industry this year in a bid to stabilize the market, according to reports in the local press.
Transactor Poland expands Cracow office
Transactor Poland is leasing additional office space for up to 30 staff in Cracow following its successful launch in September 2011.
Lloyd's reaches out to Indian market
Lloyd's managing agents and brokers from London and Singapore attended Lloyd’s first seminar in India today.
Amlin estimates $50m-$70m in Thai floods claims
Lloyd’s (re)insurer Amlin said today it expects property and casualty reinsurance claims for the Thai floods to be in the range of $50m to $70m (€53m), net of reinsurance recoveries.
Growth creates paradigm shift for energy risk
The rapid evolution of the global hydrocarbon industry is creating a seismic change in the risk landscape for energy businesses, according to a report released by Marsh at its National Oil Companies conference in Dubai.
Charles Taylor appoints Dubai-based energy adjuster
Charles Taylor adjusting has recruited Robert Sands as energy adjuster in Dubai.
6.7 magnitude quake hits Philippines
A 6.7 magnitude earthquake struck the central Philippines yesterday, killing at least 40 people and causing damage to property in the region.
Nat-cat losses cause mining capacity withdrawal
The capacity available to mining property damage & business interruption insurance programmes has reduced by 30% in the last year, according to a report by broker Willis Group.
Torus recruits XL underwriting manager
Specialty insurer, Torus, has appointed former XL property underwriting manager Gilles Rousseau as a senior underwriter for its general property division.
Energy business warned to learn from past losses
Energy businesses need to learn from past major loss events in order to reduce the risk of significant property damage losses, broker Marsh has warned.
Insolvent insurers not a systemic risk
An insolvent global insurer would not pose systemic risk to the global financial system, according to the latest report by insurance think tank, The Geneva Association.
Oil companies need to embrace risk management
Global oil companies have inconsistent and insufficient risk strategies arising from their approach to governance and controls, according to a report released at Marsh’s oil company's conference in Dubai.
Liberty Mutual Europe appoints senior claims figures
Liberty Mutual Insurance Europe has made three senior appointments to its claims operations as part of its quest to provide claims service on a local basis.
Markel International combined ratio up 21% due to nat cats
Markel International reported a combined ratio of 116% for 2011, up 21% from 2010.
European insurers face ongoing capital challenges
European life and non-life insurers must make difficult strategic decisions in 2012 with the recent European sovereign downgrades adding to capital pressures, according to Ernst & Young’s new Insurance Industry outlook.
Chubb launches online system for life sciences companies
US insurer Chubb has launched an online system allowing firms undertaking clinical trials in China and Brazil to download local insurance certificates.
Reduced capacity in Asia will not affect all business lines
Despite catastrophe losses leading to reduced capacity in the Asia Pacific region, competitive rates are still possible on some lines, according to broker Marsh.
KBC has no plans to sell Bulgarian subsidiary
Belgium's KBC has denied claims in the local media that it plans to divest itself of Bulgarian insurance subsidiary DZI.
Munich Re reports €0.71bn profit despite major losses
Munich Re reported a profit of €0.71bn for 2011, despite major losses and against the backdrop of the Eurozone crisis.
Hong Kong to launch policyholder's protection fund
Hong Kong’s government will establish a policyholder’s protection fund after reviewing the conclusions of a public consultation, according to the region's information services department.
Ironshore enters Asian market with Singapore hub
Bermuda-based property and casualty specialist, Ironshore, is opening an office in Singapore to provide commercial products for the Asian marketplace.
XL appoints construction manager for Ireland, UK and Nordics
XL insurance has appointed Ian Lushington as construction underwriting manager for the UK, Ireland and Nordic regions.
IRDA snubbed as India's finance ministry forms insurance committees
India’s finance ministry has formed four committees to consult on insurance business in the country, drawing representatives from insurance companies, industry bodies, rating agencies and finance ministry officials.