Articles by Francesca Nyman
RSA's Irish business faces 'two year turnaround'
RSA's UK and Western Europe chief executive Adrian Brown said the firm's Irish business faces “a two year turnaround" before it is back on track.
DLG boss Geddes admits 2014 COR expectation is weather dependent
Direct Line Group chief executive Paul Geddes has conceded hopes of achieving a combined operating ratio of between 95% and 97% for 2014 will hinge on the weather improving for the remainder of the year.
LMA calls for industry standard on drones
The Lloyd’s Market Association has provided input for a European Commission study on the liability and insurance requirements generated by Remote Piloted Aircraft Systems.
Claims Club News - 27 February 2014
All the news from Post’s Claims Club event on 19 February
Insurers doubtful government will approve VAT waiver for flood repairs
Business secretary calls for VAT on flood renovation and repairs to be cut to 5%.
Insurers reject campaign to include previous premiums on renewal letters
Swiftcover is only firm in Which? survey to inform customers of last year’s price.
MGAA appoints three new members to board
The Managing General Agents' Association elected three new members to its board at its annual general meeting on Monday.
Masojada urges changes to 'flawed' Flood Re scheme
Hiscox chief executive Bronek Masojada has heaped further criticism on the government’s “flawed” Flood Re scheme following the firm's full year 2013 results.
DAS UK appoints Percy as chief actuary
Legal expenses insurer, DAS UK, has appointed Richard Percy as chief actuary, with effect from 10 February 2014.
Haven joins Insurance Fraud Bureau
Gibraltar-based specialty motor insurer Haven has become the latest insurer to join the Insurance Fraud Bureau.
Guy Carpenter launches cyber practice
Guy Carpenter has launched a cyber-solution specialty practice to develop cyber reinsurance to address the increasing risks associated with cyber security.
VAT waiver for flood victims could be a boon for insurers
Insurers could see lower claims costs from the recent flooding if the government decides to apply a reduced rate of VAT to renovation and repairs for affected properties, according to accountancy firm Baker Tilly.
ABI responds to Which? insurance campaign
The Association of British Insurers has responded to a Which? reported urging insurers to be more transparent on pricing at renewal by stressing that price is not the only factor to consider.
Which? urges insurers to be transparent on renewal prices
Consumer watchdog Which? has launched a new campaign calling on insurance companies to show last year’s premium alongside renewal quotes.
Motor insurance regulator mooted by Straw slammed as ‘unnecessary’
Former Home Secretary’s parliamentary counterpart Evans ‘dead against’ idea.
Justice Secretary Grayling under pressure to close referral fee loopholes
Epoq’s Legal Go model singled out by Jack Straw as being against spirit of Laspo.
Motor Claims 2014: Thatcham boss claims no driverless vehicles on road within next three years
Fully autonomous vehicles are unlikely to be on UK roads in the next three years, despite moves by government to invest in the emerging technology, according to Thatcham Research chief executive Peter Shaw.
UK General wins schemes deal with Best Insurance
Leeds-based specialist insurer, UK General, has designed a bespoke income protection policy in a deal with Sussex firm, Best Insurance.
Gibraltar aims to become ILS hub within EU
The government of Gibraltar has unveiled plans to make the territory an insurance linked securities destination within the European Union.
Devitt appoints Hill as underwriting director
Devitt Insurance Services have appointed Andrew Hill as underwriting director further strengthening its senior management team.
White Oak launches fine art, classic car and specie capacity
Lloyd's underwriter White Oak Underwriting Agency has launched new capacity for specialist fine art, classic car and general specie aimed at both the private and commercial markets.
Insurer risk management increasingly reliant on data
Insurers’ risk management practices are becoming increasingly reliant on data and analytics, according to a new report from State Street.
Biba members to access Beazley event scheme
Members of the British Insurance Broker’s Association will be given access to a bespoke event insurance scheme provided by Lloyd’s insurer Beazley as part of a new deal.
Callcredit acquired by Chicago-based PE firm
Software and analytics provider Callcredit Information Group has been acquired by Chicago-based private equity firm GTCR.