Articles by Francesca Nyman
Reinsurance tariff hike won't impact Pool Re rates, claims Willis
The increased premium ceded to government as part of the new deal agreed with Pool Re will not result in a hike in rates paid by members of the terrorism facility, according to Ian Kennett, executive director in Willis' real estate practice.
Aegis partners with PWC on cyber terrorism product
Lloyd’s syndicate Aegis London has launched a new cyber product in response to the growing threat of destructive attacks linked to on-going conflicts.
Insurers challenge 'wait and see' image and take action on technology
Insurers are increasingly looking to invest in or acquire digital start-ups to provide the expertise they need to pursue their ambitions in this sector, according to market insiders.
Australian familes to bring MH17 lawsuit in ECHR
Eight Australian families are preparing to bring a joint-suit against Russia, Ukraine, Malaysia and Malaysia Airlines regarding the downing of the stricken Malaysia Airlines flight MH17.
Airmic, Biba and Bila to provide evidence to Insurance Bill committee
The special committee convened to scrutinise the Insurance Bill will hear evidence from the Association of Insurance and Risk Managers in Industry and Commerce, the British Insurance Brokers’ Association, and the British Insurance Law Association.
Amazon sales channel seen as 'viable competitor' by European insurers
Many European insurers believe online brands such as Google, Amazon which hold significant customer data could be viable insurance competitors in the near future, according to a recent survey.
BLM’s Murray appointed as chair of Foil in Scotland
BLM partner Tony Murray is to become chairman of the Forum of Insurance Lawyers in Scotland.
EY's Kam to become Hiscox's chief risk officer
Hiscox’s interim chief risk officer Hanna Kam is to take up the role on a permanent basis, subject to regulatory approval.
AA counter-fraud head calls for 'tough action' after fraud task force unveiled
The new government fraud task force is ‘a step in the right direction’ but more needs to be done to tackle the ‘out of control claims management industry' according to the AA's head of counter-fraud intelligence.
Dual pricing looks certain to come under FCA spotlight warns ABI chairman
Evans equates practice to bank teaser rates currently being scrutinised by FCA
Gallagher's international development head to leave company
Arthur J. Gallagher’s chairman of international development John Hastings-Bass will retire from the company in January 2015, the broker said today.
Roundtable: Customer retention: Holding on to customers in the aggregator age
With price comparison sites making customers more price-focused than ever, how can insurers ensure they stand out for other reasons and also improve their retention rates?
Claims Club News: Connected-home devices could cut claims costs
Insurers can proactively reduce their claims costs by encouraging the uptake of connected-home devices, according to Ninety Consulting’s Geoff Knott.
Claims Club News: Insurance implications of automated cars depend on level of human interaction
The extent of human interaction is one of the biggest challenges companies face in the race to develop driverless cars.
Claims Club News: Periodic payment orders tipped to make up a third of insurers’ liabilities
Periodic payment orders could account for a third of insurers’ future liabilities amid increasing frequency in bodily injury claims, according to KPMG non-life actuarial partner David Brown.
Richfords founder to takeover as chairman of BDMA
Steven Richford, founder and managing director of Richfords Fire and Flood, will takeover as chairman of the British Damage Management Association from 1 December.
Insurers warned about naivety around new entrants
Insurers should not be naive about the ability of companies from other sectors to enter the market and steal market share, according Guidewire senior vice president at Guidewire Brian Desmond.
Lords holds first evidence session on Insurance Bill
The House of Lords new Special Public Bill Committee on the Insurance Bill will hear from government Minister Lord Newby in its first evidence session next week.
Rates down 2.8% in Q3 as buyers increasingly access global capacity
Global insurance rates fell by 2.8% in the third quarter of 2014, compared with the same period in the previous year, according to Marsh's global insurance index.
Brokerbility expands Scottish footprint as Spence Insurance joins
Spence Insurance Services has become the latest Scottish firm to join independent broker network Brokerbility.
Pool Re satisfied with terror deal despite ceding increased premium to Treasury
Members vote in favour of deal that will see 50% of premium go to government
Chase-Gardener leaves Brightside
Brightside co-founder Paul Chase-Gardener has retired from his role as commercial director at the broker.
Axa completes management structure for merged claims division
Axa has unveiled the management structure for its claims operation following the merger of the direct and intermediated units, creating four distinct service channels.