Articles by Francesca Nyman
Insolvency Service investigating conduct of Drive Assist directors
The Insolvency Service is believed to be conducting an investigation into the behaviour and transactions of the directors of credit hire firm Drive Assist, according to the company’s liquidator Zolfo Cooper.
Helios boosts capacity with Nameco acquisition
Helios Underwriting has agreed to acquire Nameco (No 311), a limited liability member of Lloyd's, for a total consideration of £1m in cash.
Doctors urged to submit applications for Medco portal
Doctors wishing to provide medical reports under the new civil procedure rules have been asked to complete an expression of interest survey on the Medco website by 4 January 2015.
Top Mark co-founder Marchetti exits the company
Martino Marchetti has left Scottish loss adjuster Top Mark with immediate effect.
Skuld boosts contingency reserves by $5m in first nine months
Marine insurer Skuld posted positive a bottom-line result of $5m (£3.2m) for the first nine months of 2014, despite a series of large claims pushing its underwriting result into the red.
RSA sells stake in Thai insurer Syn Mun Kong
RSA has completed the sale of its 21.75% holding in Thailand-based insurer Syn Mun Kong.
Aviva's commercial lines MD Foy exits business
Aviva’s commercial lines managing director Ian Foy is to depart after less than a year at the company.
Barbican launches new SPV at Lloyd's
Barbican Insurance Group is to launch a new special purpose syndicate following approval from Lloyd’s.
Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
Bluefin snaps up Yorkshire broker Marchant McKechnie
Bluefin has bought of East Yorkshire broker Marchant McKechnie, taking its total number of acquisitions for the year to five.
Fusion hires former Gallagher client money manager
Towergate-owned MGA Fusion Insurance Services has appointed Sharon Welsh as regional operations manager.
A-Plan tipped to build branch network in the north following HG backing
The new financial backing secured by A-Plan reflects a vote of confidence in the branch business model, according to market insiders, who have tipped the high-street broker to build a presence outside its southern stronghold.
Saga sets joining date for new CFO Hill
Saga’s incoming chief financial officer Jonathan Hill will be joining the firm in April, the over-50s insurance specialist has revealed.
Plum plots ‘accelerated’ expansion following Global Risk Partners-backed MBO
Specialist household MGA Plum Underwriting has completed a management buyout backed by London Market focussed consolidator Global Risk Partners.
Covéa launches new fleet product to boost commercial growth
Covéa Insurance, the UK subsidiary of French mutual Covéa, will launch a new fleet product for commercial brokers this month.
Beaumonts deal over a year in the making, claims Jelf CEO
Jelf and Yorkshire-based Beaumonts Insurance Group were in discussions for more than a year before the terms of the takeover were agreed, group CEO Alex Alway has revealed.
Future sustainability of Pool Re to be achieved by modernisation in 2015
The Pool Re board is aiming to complete its modernisation of the 22-year-old terrorism facility by the end of next year.
Jelf builds northern presence with Beaumonts acquisition
Jelf has widened its footprint in the north of England with the acquisition of Yorkshire-based broker Beaumonts Insurance Group.
Anbang agrees deal to buy Delta Lloyd Bank Belgium
Chinese financial services company Anbang Insurance has reached an agreement to buy Delta Lloyd Bank Belgium from Dutch financial group Delta Lloyd for €219m.
JLT named broker for Swansea Tidal Lagoon
JLT has been named as the broker for the Tidal Lagoon Swansea Bay, the world’s first man-made energy generating lagoon.
Household pressure to offset improved motor climate in 2015, says Fitch
A halt in motor premium declines and improved commercial performance is expected to see the UK non-life market stabilise in 2015 but this could be offset by increased pressure in the household space, according to Fitch Ratings.
Questgates to introduce minimum standard for motor investigators
Loss adjuster Questgates has unveiled plans to introduce a minimum professional standard for those operating within its motor investigation team by the first quarter of next year.
Equistone sells A-Plan stake to Hg Capital
Private equity firm Equistone has agreed a deal to sell its majority stake in UK broker A-Plan to investment firm Hg Capital.
Ferma secures future as it names Willaert as next president
Agfa-Gevaert corporate risk manager Jo Willaert has been named deputy president of the Federation of European Risk Management Associations, following board approval.