Articles by Francesca Nyman
UK among most SII ready but Pillar 3 presents 'major challenge'
Nearly 80% of European insurers expect to meet Solvency II requirements before January 2016 with Dutch, UK and Nordic firms outstripping their French, German, Greek and Eastern European counterparts in terms of readiness.
FCA review finds 'no evidence of systematic attempts to deny valid claims'
The Financial Conduct Authority is not proposing “any new requirements or rule changes” for firms involved in claims handling based on the initial findings of its thematic claims review.
Comprehensive motor policies fall below £600 for first time since 2009
The average cost of comprehensive car insurance was down 19.1% year-on-year in the first quarter of 2014, the latest car insurance price index from Confused and Towers Watson revealed.
Corpore signs deal with Telefónica to provide OH services
Absence, injury and risk management provider Corpore has been appointed by Telefónica UK to provide occupational health services across their UK operations.
Four insurers subpoenaed in Iran sanctions probe
Four US insurers have been subpoenaed by New York’s Department of Financial Services as part of its investigation into potential sanctions breaches involving Iran.
Firms deny dodging referral fee ban as select committee prepares ABS report
MP concerned insurers are using alternative business structures to circumvent ban.
GI players demand action after FCA life insurance investigation blunder
Aviva and L&G shares fall after investigation details are aired prematurely.
Hip replacement ruling 'should deter forum shopping'
Product liability insurers have received a boost after a judge ruled that non EU claimants have no right to sue manufacturers under the consumer protection act.
Barbican hires international casualty underwriter
Barbican Insurance has recruited Faraday Re’s Tim Mackenzie as an underwriter in the firm’s international casualty reinsurance division.
AIG boosts European trade credit team
AIG has made three new additions to its European trade credit team.
Bluefin appoints Acxiom's Higgins as PE head
Bluefin has appointed Jon Higgins as its head of private equity, where he will focus on developing Bluefin’s mergers and acquisitions practice in the private equity and corporate arena.
Quindell signs claims deal with new motor MGA
Quindell has signed a three-year outsourcing contract with newly launched managing general agent Hawkwell Motor Insurance Company.
Allianz Insurance's retail business granted chartered status
Allianz Insurance’s retail business has been awarded chartered insurer status by the Chartered Insurance Institute.
AIG restructures EMEA management team
AIG has made several appointments as part of a restructure of its Europe, Middle East and Africa division.
Berenberg restates hold rating on DLG despite motor warning
Berenberg Bank has restated its hold rating on Direct Line Group and raised its target price on the listed insurer from 230p to 254p despite seeing “only modest absolute valuation upside”.
TSC chair Ellman raises ABS concerns
Select committee chair calls for ABS loophole scrutiny
High-profile motor withdrawal touted after another tough year for the market
Analysts suggest further regulatory scrutiny could exacerbate sector’s troubles
CHO boss says ‘self interested’ insurers are hampering fight against fraud
DAC Beachcroft estimates credit hire fraud is worth up to £75m a year
Enstar completes Torus acquisition
Enstar Group has completed the previously announced acquisition of global specialty insurer, Torus Insurance.
Osborne slams FCA over leaked review details
Chancellor George Osborne has written to the Financial Conduct Authority to express frustration after the leaking of market sensitive details by the watchdog led to a sharp drop in insurer share prices, the Financial Times reported.
LV boss O'Roarke targets home and commercial growth in 2014
LV will focus its efforts in 2014 on home and commercial insurance “where conditions are not so brutally competitive”, according to general insurance managing director John O’Roarke.
LV posts 31% drop in GI operating profit in 2013
LV’s general insurance business saw its operating profit slashed by 31% to £81m for 2013, amid falling premium income and a decline in investment returns.
Allied World launches Lloyd's MGA
Allied World Assurance Company has received approval from Lloyd's, the Prudential Regulation Authority and the Financial Conduct Authority to launch its own Lloyd's managing agenct.
Flight MH370 loss could impact war risk rates
If Malaysia Airlines' Flight MH370 is classified as a war loss, it would be one of the largest since the 2001 attacks on the World Trade Centre and would likely lead to rate to rate increases in war policies, according to S&P.