Articles by Francesca Nyman
Delta Lloyd creates dedicated wind team
Dutch insurer Delta Lloyd is creating a dedicated wind energy team, to take advantage of its experience in the sustainable growth market.
Genworth Financial places new reinsurance treaty for European mortgage insurance
Specialist insurer Genworth Financial has placed a new reinsurance treaty for mortgage insurance in Europe which it says will create significant additional capacity for Genworth’s European mortgage insurance business.
Willis appoints new head of global aerospace
Willis Group has appointed Rolls Royce Group’s head of risk, Mark Wilford, as chairman of the company’s aerospace division.
Generali’s ‘AA’ rating affirmed despite Italian sovereign downgrade
Italian insurer Assicurazioni Generali SpA's credit rating of ‘AA’ has been affirmed by Standard and Poor’s, , despite the recent downgrade of the Republic of Italy’s sovereign credit rating.
Italy allows variable motor insurance premium tax
Individual Italian provinces now have the ability to vary the insurance premium tax rate of 12.5% on motor vehicle policies, following the country's enforcement of fiscal federalism.
Tapiola has rating affirmed by AM Best
Tapiola General Mutual, Finland’s largest mutual insurer, has had its financial strength rating of A (Excellent) and its issuer credit rating of “A” affirmed by ratings agency, AM Best. The outlook for both ratings is stable.
Bolt criticises energy underwriters
Underwriters are failing to keep pace with changes in the regulatory and legal environment in the aftermath of the Deepwater Horizon oil spill, Tom Bolt told an audience of energy insurers yesterday.
Geneva Association appoints actuarial science specialist
Global insurance think tank, The Geneva Association, has appointed Illinois state university Professor, Krzysztof Ostaszewski, as the research director of its life and pensions programme.
Helvetia sells health and accident portfolio
Helvetia Switzerland is divesting itself of its health and accident portfolio.
Zurich appoints new CFO
Global insurer Zurich has appointed Pierre Wauthier as Chief Financial Officer and member of the group executive committee, effective 1 October 2011.
Chubb appoints Miles as UK and Ireland manager
Chubb Insurance Company of Europe has appointed Jeremy Miles as UK and Ireland manager, with responsibility for all employers in underwriting and distribution in the region.
Argo International adds new non-executive board members
Specialty (re)insurer Argo International holdings has appointed Thistle director Peter Burrows and legacy specialist Phillip Grant as non-executive members of the board of Argo managing agency, which trades as Argo International.
Vienna Insurance breaks into Bosnia Herzegovina market
The Vienna Insurance Group has broken into the Bosnia Herzegovina market by acquiring a majority stake in the insurer Jahorina Osiguranje AD Pale, subject to regulatory approval.
Tawa acquires Chiltington
Run-off provider Tawa has entered into a share purchase agreement to acquire Hamberger Internationale Ruckversichrung, the holding company for the Chiltington group of companies.
Allianz and subsidiaries A+ rating affirmed
Allianz Societas Europea and a number of its subsidiaries have had their financial strength rating of A+ and issuer credit rating of AA confirmed by AM Best, despite the company’s high exposure to peripheral Eurozone sovereign credit risk.
Markel International A+ rating affirmed
Markel International Insurance Company and its syndicate 3000 have had their financial strength rating of A (Excellent) and issuer credit rating of a+ affirmed.
FM global updates policies ahead of renewal
Commercial property insurer FM global has launched an improvement to its the FM global advantage policy, which will be available to clients at renewal.
Alex Forbes acquisition builds Marsh platform in Africa
Broker Marsh has reached an agreement to acquire the brokerage business of Alexander Forbes in Africa, subject to regulatory approval.