Articles by Francesca Nyman
FCA plans overhaul of GI add-ons market
The Financial Conduct Authority has unveiled a shake-up of the £1bn general insurance add-on market after a study delivered a damning verdict on the level of competition within the sector.
Allianz on cover for missing Malaysian Airlines flight
Allianz has confirmed that it is the lead insurer for Malaysia Airlines, the company whose flight MH370 disappeared on Saturday.
Axa to grow PI share to £25m through regional underwriting
Axa has begun recruiting specialist regional underwriters as part of plans to grow its professional indemnity book to £25m.
Biba demands clarity on fair representation rules
Responding to the Insurance Contract Law consultation, The British Insurance Brokers’ Association has warned that brokers may face additional requirements on accuracy of customer data.
Helvetia posts 9.2% increase in profit after tax
Swiss insurer Helvetia Group increased its profit after tax by 9.2% to CHF 363.8m in the 2013 financial year.
Gallagher agrees two-year sponsorship deal with Richmond FC
International broker Arthur J Gallagher has agreed a two-year partnership with community rugby club Richmond as part of its plan to become the UK’s retail broking brand of choice.
Aon Benfield's Galizia to lead Latin America region
Aon Benfield has promoted Alejandro Galizia to chief executive officer for the Latin America region.
Catton resigns as DLG director
Mark Catton has resigned as a none-executive director of Direct Line Group with effect from today.
JLT launches business in Argentina
Broker JLT has established a business in Argentina to support the local and regional market.
DIS 2014: Insurers urged to take a 'test and learn' approach to digital strategy
RSA’s chief marketing officer Peter Markey has urged insurers to take a ‘test and learn’ approach to their digital strategy when looking to demonstrate return on investment.
DIS 2014: Poor digital execution creates 'competitive disadvantage'
The digital revolution is a major threat to insurers that fail to adapt, according to EY’s global insurance customer leader Graham Handy.
Concerns remain despite RSA CEO Hester unveiling strategic action plan
S&P upgrades insurer to ‘A’ as boss pledges to transform firm’s fortunes.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
Dye hopes storms will have 'corrective' impact on rates
The impact of poor weather in the fourth quarter of 2013 and the first quarter of 2014 could see rate strengthening across a number of business lines, Allianz Insurance chief executive Jon Dye said today.
Allianz UK profits climb 5.6% for 2013
Allianz has revealed UK operating profits climbing 5.6% to £170.5m in its full year 2013 results.
Henry heads Marsh's Scottish business following Central takeover
takes helm of Marsh in Scotland following Central takeover
Amlin posts 23% profit rise for 2013
Lloyd’s carrier Amlin reported an increase in profit before tax of 23.3% to £325.7m for the full 2013 year.
ELTO success rate hits 77%
The volume of search enquiries on the Employers’ Liability Tracing Office database more than doubled in 2013 compared to 2012, preliminary data released by ELTO showed.
NIG launches mini fleet on e-trading platform
Commercial insurer NIG has launched mini fleet onto its full-cycle e-trading platform - The Hub.
Fitch keeps RSA on negative watch
Fitch has said it will keep RSA's 'A' insurer financial strength on rating watch negative amid capital raising measures by the firm.
First quarter weather claims could be highest for 20 years says Deloitte
The storms and heavy rain in the first two months of this year may result in the highest number of first-quarter claims since the storms of 1990, according to Deloitte insurance partner James Rakow.
Contract law not main obstacle to single insurance market
Contract law is only one obstacle to cross-border insurance within the EU, among many more important ones, according Insurance Europe.
Lancashire must convince investors of merits of Cathedral takeover
Bermudian insurer Lancashire must work hard to persuade investors of the merits of its Cathedral acquisition, following a lower than expected dividend pay-out to investors, according to Westhouse Securities.
Miller combines P&C specialists into single unit
Broker Miller is combining its property and casualty specialists into one business area headed by Ken MacDonald.