Articles by Francesca Nyman
ABI slams 'misguided' SRA decision on mandatory PI limit
The ABI has criticised the Solicitors Regulation Authority’s decision to reduce the level of mandatory professional indemnity cover for solicitors to £500 000, calling it “misguided”.
Fundamental dishonesty change will have 'unintended consequences' warns MASS
Lawyers from the claimant fraternity have raised concerns over the Transport Select Committee’s latest motor report, with the proposal to strike out claims for fundamental dishonesty and changes in the small claims track singled out for criticism.
RFIB appoints MacFarlane as MD for international non-marine
RFIB Group has appointed Richard Macfarlane as managing director of its international non-marine business.
CII promotes 'speaking up' with new whisteblowing guide
The Chartered Insurance Institute has launched a 'Speaking Up' guide on whistleblowing as part of its ongoing ethical guidance series.
UK broker market sees rapid consolidation after AJG buying spree
The UK commercial non-life broker market is consolidating faster than its main European counterparts due to the recent acquisitions made by Arthur J. Gallagher, new research from Finaccord has shown.
Xchanging hires Oracle's Baker as MD for Xuber
Xuber, Xchanging’s insurance software business, has appointed Chris Baker, formerly a senior vice president of Oracle, as managing director of Xuber within Xchanging Technology Services.
Xchanging acquires Agencyport's European arm
Business outsourcing provider Xchanging has acquired the European operations of US-based Agencyport Software, for a cash consideration of £64.1m.
Europe faces more than €2bn losses from June thunderstorms
An outbreak of severe thunderstorms in June caused over €2bn economic losses across Europe, according to Impact Forecasting, the catastrophe model development centre at Aon Benfield.
TSC endorses proposed pre-med whiplash offer ban
The Transport Select Committee has thrown its support behind government moves to prohibit insurers from settling whiplash claims without a medical, as part of a report on fraudulent and exaggerated motor claims.
Xchanging acquires insurance software business Total Objects
Business process and technology services provider Xchanging has agreed to acquire 100% of insurance software business, Total Objects, for a potential total cash consideration of up to £21m.
CGSC launches LatAm wholesale insurance broking expansion
Independent wholesale broker Cooper Gay Swett & Crawford is to expand its Swett & Crawford wholesale broking business into the Latin American market.
AJG completes acquisition of Canada's Noraxis
Arthur J. Gallagher said today it had become a top five Canadian broker following the completion of its purchase of Noraxis Capital Corporation.
Zurich sells Russian retail business to OLMA Group
Zurich has agreed to sell its Russian retail business to investment firm OLMA Group, but will retain its Russian corporate business.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
SRA cuts mandatory PI cover limit to £500 000
The Solicitors Regulation Authority has reduced the minimum level of professional indemnity cover for solicitors to £500 000.
MS&AD aims to double overseas earnings
Japanese insurer MS&AD aims to double its overseas earnings by 2017, new president Yasuyoshi Karasawa has said.
Sun Life launches GI products
Axa-owned Sun Life has dropped the Direct from its name as part of a rebrand which has seen it enter the general insurance space. The company has said it is addressing consumer need by launching ‘straightforward and affordable’ products, supported by a …
Two thirds of public back young driver restrictions
The majority of the British public back measures to cut death and injury on the roads through restrictions on newly qualified young drivers, according to an RAC survey.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
Uninsured Italian vehicles hit 3.5 million
The number of uninsured vehicles on Italian roads reached 3.5 million in 2013, up from 3.1 million in 2013 according to the Italian association of insurance companies ANIA.
Brokers told to explain their services to customers as disclosure decision looms
German transparency U-turn means mandatory commission disclosure is likely
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
Softening reinsurance market showing 'no sign of relief' says Willis
The reinsurance sector is seeing significant rate reductions as the excess capital supply in the market continues to chase muted demand, according to Willis Re.
Hodges backs Fusion staff after management exits
Towergate group chief executive Mark Hodges has delivered a vote of confidence in the staff of Fusion, following the departure of several of the senior management team.