Articles by Francesca Nyman
France and Germany lagging behind on Solvency II
French and German insurers are behind UK counterparts when it comes to Solvency II, according to Fitch.
Atradius nominates Tesch as chief market officer
Credit insurer Atradius has nominated Andreas Tesch, chief market officer, pending approval of De Nederlandsche Bank.
Eurozone sovereign risk manageable says Fitch
Eurozone sovereign risk is the biggest threat to insurers’ credit ratings, but despite this a default by Greece or Portugal would not trigger significant downgrades, Fitch said today.
Q&A: Alberto Corinti
Alberto Corinti, director at Promontory Financial group, formerly of the CEA and the Committee of European Insurance and Occupational Pension Supervisors spoke to Francesca Nyman, giving a regulator’s perspective on the biggest challenges facing the…
Vienna Group announces managing board changes
The supervisory board of the Vienna Insurance Group has appointed Hana Machačová deputy CEO of Kooperativa Pojišťovna, to the board at a meeting convened by group CEO Günter Geyer.
Ferma 2011: Contractors looking beyond Europe for infrastructure projects, JLT warns
Slower deal flow in Europe means contractors are looking further a field for projects but growth economies create different risk challenges JLT has warned.
Vienna Insurance merges Bulstrad and Bulgarski Imoti
The Vienna Insurance Group plans to merge its two non-life insurance subsidiaries Bulstard and Bulgarski Imoti in order to strengthen its market presence in Bulgaria and make better use of synergies.
Ferma 2011: Sophisticated risk managers aware of insurance market issues
Modern risk managers are more sophisticated in their needs and are well aware of insurance market problems according to senior vice president at Chubb.
German non-life sector remains stable, according to Fitch
The outlook for the German non-life insurance sector remains stable, according to a new report from Fitch ratings service.
Ferma 2011: Ferma aims to get transparency disclosure into IMD
The Federation of European Risk Management Associations has said it will continue its fight for broker transparency and aims to convince the European Commission to include it in the next version of the Insurance Mediation Directive.
Catlin Group chief scoops 'UK entrepreneur of the year' accolade
Catlin Group chief executive Stephen Catlin has been named Ernst & Young’s ‘UK entrepreneur of the year.
XL launches products for life science industry
The insurance segment of XL Group has developed a new suite of insurance solutions to respond to the evolving needs of the life science industry.
RSA launches Global Specialty Lines
RSA is launching Global Specialty Lines, a division dedicated to its specialist departments: Risk Solutions, Construction and Engineering, Marine and Renewable Energy. The new specialty unit will be open for business on Tuesday 4th October 2011.
Fitch downgrades French life sector
Fitch has revised its rating outlook for the French life sector to negative from stable, indicating that it believes a significant portion of life ratings could be downgraded over the next 12 to 24 months.
Insurers prepare for next solvency step before Solvency 2 is even implemented
While insurers continue to prepare themselves for the implementation of Solvency II in January 2013, many in the market are already anticipating the next regulatory regime change.
BIS panelists say arbitrage is inevitable under Solvency II
Arbitrage between different regulators is likely under Solvency II, according to panelists at Post’s Business Insurance Summit last week.
Aviva Ireland restructuring could lead to job cuts
Aviva talks to Unite about restructuring plans in Ireland, which could lead to between 300 and 500 job losses.
Insurers “competitive but cautious” at Q3 renewals, according to Marsh
Despite significant insurance losses in the first half of the year, insurers remain “competitive but cautious”, according to global broker Marsh.
German insurers face endurance test, says S&P
German insurers are being tested by challenging conditions in the financial markets, according to Standard and Poor’s.
Zurich closes MAAB acquisition
Zurich Financial Services Group has completed the acquisition of 100% of the share capital of Malaysian composite insurer Malaysian Assurance Alliance Berhad.
Swiss Re chief becomes head of Climate Wise
Swiss Re director John Coomber is to become the new chairman of Climate Wise on 1 October.
Commission proposes financial transaction tax
The European Commission has outlined proposals for a financial transaction tax across all members of the European Union.
XL Insurance dedicates resources to Nordic region
Global insurer XL Insurance is expanding its business into the Nordic region where it is establishing a dedicated upper middle market operation.
AM Best maintains stable outlook for UK non-life industry
AM Best is maintaining a stable outlook for the UK non-life industry, despite diminishing reserve redundancies and the uncertain economic climate.