Articles by Francesca Nyman
Interconnected cyber risks could cause global crisis
Organisations must improve their response to cyber risks if they are to avoid a global shock similar to the 2008 financial crisis, insurer Zurich has warned.
Catastrophes 'manageable' as global reinsurers post solid profits
Global reinsurers posted solid underwriting gains in 2013, as catastrophe-related losses were manageable and loss reserve development remained favorable, according to Fitch.
Endurance slams 'entrenched' Aspen board after 'poison pill' rights plan
Endurance’s chief financial officer Michael McGuire has accused Aspen’s management of being “entrenched” and “not aligned with shareholder interests” after the firm continued to ward off its attempted takeover.
Lockton signs up to Biba PI panel for a further three years
The British Insurance Brokers' Association has renewed its professional indemnity accredited broker contract with Lockton for a further three years.
Teixeira joins Alvarez & Marsal as MD for risk advisory services
Willis’ former practice leader for integrated risk management services, Tom Teixeira, has joined Alvarez & Marsal as managing director for its risk advisory services practice.
CMC launches global insurance consultancy
CMC Insurance, a global consultancy aiming to rival the big four in the insurance and reinsurance space, has been launched by the team behind banking consultancy CMC Europe.
Ferma prepares to launch benchmarking survey
The Federation of European Risk Management Associations will launch its benchmarking survey on Tuesday 22 April in the UK and 19 other European countries.
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
Collinson launches insurance and assistance brands
Collinson Group is targeting revenue “close to £350m” over the next 12 months following a restructure that has seen it launch two distinct entities for insurance and assistance.
Rural's Mike Ellis to become Broker Network Underwriting MD
Broker Network Underwriting boss Paul Bennett will leave Broker Network at the end of June to pursue “other opportunities”, the group has confirmed.
Industry promises claims handling improvement after review finds issues
Regulator’s investigation highlights concerns over customer experience.
Alpha bumps up broker commission to 40%
Underwriting agency Alpha Underwriting is offering its brokers 40% commission on all corporate travel and personal accident policies placed before the end of June 2014.
Thompson appointed to Argenta Syndicate Management board
Argenta Syndicate Management has appointed David Thompson to its board with effect from 1 April 2014.
Capita hires former Staysure deputy to head specialist insurance businesses
Capita has appointed Andy Bord as managing director of its specialist insurance businesses which include National Dental Plan, Fish and Capita Specialist Insurance Solutions.
New PI report seeks to dubunk myth of 'compensation culture'
Personal injury sufferers in the UK face losses of thousands of pounds, as well as financial and emotional hardship, according to a report commissioned by National Accident Helpline.
Bluefin hires former JLT business development manager
Bluefin has expanded its affinity development team with the appointment of Toni Dines as business development manager, effective 1 April.
Zurich UK CRO Dodds exits the business
Zurich’s chief risk officer for UK general insurance Gerald Dodds has left the company after 10 years in the role.
Aon CEO defends merits of sidecar deal
Aon’s chief executive has defended the firm’s sidecar deal with Berkshire Hathaway in his first speech at Lloyd's since the broker moved its headquarters to London.
BGL follows Les Furet with Hoy Hoy for Dutch market
BGL Group has rebranded its price comparison business in the Netherlands as Hoy Hoy.
Brightside CEO puts ball in Markerstudy's court on potential sale
Brightside chief executive Paul Williams has refused to hang a 'for sale' sign over the broker as he plots to launch a managing general agent this summer.
Reinsurer capital up 7% in 2013
Global reinsurer capital totalled $540bn at December 31, 2013, an increase of 7% ($35bn) over the year according to Aon Benfield Analytics.
Hastings posts reduced profits but continues GWP growth
Hastings reported a £10.8m drop in profit before tax for the 2013 financial year to £49.6m (2012: £60.4m)
RSA rights issue receives subscriptions for 95.67% of shares
RSA chief executive Stephen Hester has welcomed “the successful outcome of our rights issue” after the insurer found subscribers for 96.67% of the new ordinary shares issued.
Guy Carpenter appoints Utkueri to head Turkish operations
Guy Carpenter & Company has appointed Okan Utkueri as managing director and head of the broker’s Turkish operations as it seeks to expand its presence in the region.