Articles by Francesca Nyman
Co-op to launch new products in 2016 after IT overhaul
Cooperative Insurance Services has been “playing catch-up” after years of under-investing, but additional financing and the replatforming of its insurance business have laid the groundwork for product growth, according to the firm's director for product…
Lloyd’s urges market to ‘dive in’ as it launches first diversity festival
Lloyd’s is to hold a festival from 29 September to 2 October to promote diversity and inclusion in the London market.
Aviva claims boss Lovely accuses rivals of 'feeding the beast'
Aviva’s global claims director David Lovely has criticised market rivals for not putting their money where their mouth is in the fight against fraud and accused some of “feeding the beast” by establishing alternative business structures.
Government pledges £20m to boost driverless car innovation
New funds pledged by government towards driverless car testing aim to put Britian at the vanguard of the intelligent mobility market.
Wheatley's FCA exit raises 'more questions' than it answers
The abruptness of Martin Wheatley’s planned departure as CEO of the Financial Conduct Authority has come as a shock to market insiders, who are calling on his successor to adopt a 'proportionate' line on regulation.
CFC partners with security ratings firm Bit Sight
Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, Bit Sight Technologies.
AJG buys 65% stake in Columbian energy & construction specialist
Arthur J Gallagher has extended its investment in Latin America with a 65% stake in independent Colombian energy and construction specialist Arm Re.
UK General CEO says its 'early days' on schemes business approaches
UK General has not made a decision on any sale of its schemes business, according to CEO Peter Hubbard.
Rural CEO Barclay sets sights on becoming £100m GWP business
UK General-owned Rural is aiming to become a £100m premium business and wants to empower its brokers to take on major rival NFU Mutual in the process, according to CEO Ian Barclay.
MoJ considers Medco overhaul two months after ruling out 'fundamental changes'
The Ministry of Justice has said it will consider reforming the Medco portal just two months after it told Post it was too early to consider "fundamental changes" to the medical reporting system.
Older consumers want mobile purchasing option reveals survey
Insurers targeting digital propositions at millennials could be missing a large untapped market of tech-savvy older consumers, according to a new report.
Iran nuclear deal paves way for sanctions removal for insurers
A tentative nuclear deal between Iran and six global powers could see the embargo against insuring and reinsuring entities from the pariah state lifted.
SRA revives plan for compulsory PI reform
The Solicitors Regulation Authority has launched a consultation paper reviving its long held ambition to overhaul the compulsory solicitor’s professional indemnity insurance framework.
Lloyd's Columbia office paves way for syndicates to provide onshore reinsurance
Lloyd’s has received approval from the Colombian authorities to open a representative office in Bogotá, Columbia.
At least 161 staff to depart ERS following Brentwood closure
ERS has received “enormous goodwill” from brokers despite the disruption to service levels caused by a transformation plan that has so far seen 161 employees depart the insurer, according to CEO Ian Parker.
Hearn hire tipped to give CGSC an edge amid wider broking exodus
External influencing factors have been cited as the trigger for a host of high-profile broking departures, as the sector’s managerial merry-go-round once again enters full swing.
Insurers issue cancellation guidance following FCO advice change
Holidaymakers who travel to Tunisa will no longer be covered by insurance following a change in the advice from the Foreign and Commonwealth Office.
Mediator appointed to oversee Gallagher and Ross dispute
A mediator has been appointed to intervene in the dispute between Arthur J Gallagher and its former international CEO David Ross, former chief financial officer Mark Mugge and consultant Christopher Keey.
Non-payment may be insufficient grounds to deny cover following Grexit
European insurers’ credit exposure to Greece is likely to be ‘manageable’ in the event of a Eurozone exit, but firms underwriting Greek individuals and business could face protracted contract disputes, market sources have warned.
Insurers warned to 'remain cautious' if Iran sanctions are lifted
The possible relaxing of sanctions against Iran offers a tempting source of new business but insurers must remain vigilant when considering entering into business arrangements with the state, international lawyers have warned.
Fraudster who claimed £40,000 losses from shop fire handed suspended sentence
A fraudster who exaggerated the value of a large claim against RSA has been sentenced to 10 months in prison, suspended for twelve months, and ordered to do 160 hours Community Service.
Gable ditches Numis as nominated advisor after eight months
European insurer Gable has appointed Zeus Capital as its nominated advisor and broker.
RSA claims Irish tribunal judgement is 'not supported by evidence'
RSA has confirmed its intention to appeal the decision of Ireland’s Employment Appeals Tribunal, which found in favour of former Irish CEO Philip Smith.
Thistle hires former Brightside CEO Williams
Former Brightside CEO Paul Williams is to become managing director of JLT-owned Thistle Insurance Services.