Articles by Francesca Nyman
Markel appoints new senior underwriter and head of professional indemnity
Markel International has appointed David Sawyer as senior underwriter and head of professional indemnity in its professional and financial risks division.
Assurant launches same day handset replacement so customers can ‘reconnect’ within hours
Assurant Solutions customers whose mobile phones are lost or stolen will be able to get a replacement handset delivered the same day following the launch of same day delivery offer to UK bank clients.
Former Endsleigh commercial head buys charity broker
Endsleigh’s former head of commercial Tim Larden has completed the purchase of Sheffield-based broker Ladbrook Insurance.
PI nuisance calls and texts among top complaints received by ICO
The Information Commissioner’s Office saw a 12% increase in complaints regarding nuisance calls and texts in 2014, the data protection watchdog’s annual report showed.
Moody's puts CGCS debt ratings on negative review
Moody's has placed the ‘B3’ corporate family rating and ‘B3-PD’ probability of default rating of Cooper Gay Swett & Crawford on review for downgrade given deterioration in the group’s Ebitda, financial leverage and interest coverage metrics.
Axa issues travel policy guidance on Greece and Tunisia
Insurer Axa has agreed to double the cash limit on all travel products at point of claim for customers travelling to Greece or any Greek islands until 30th September 2015.
Insurers warned to 'think the unthinkable' and prepare for Grexit
A decision by Greece to leave the Eurozone could have huge ramifications for insurers and their policyholders law firm CMS has warned.
ABI defends use of age as motor rating factor
The Association of British Insurers has defended the higher price paid by old and young drivers for their car insurance with the publication of new data showing the link between accident frequency, claims costs and age.
Acturis grows by over 20% for third consecutive year
Acturis posted a 25% increase in revenues to £36.9m for the year to September 2014.
MIB database to become motor liability trigger following paper certificate changes
Insurers will no longer have to pay third party motor claims for policyholders whose insurance has been cancelled following the implementation of the Deregulation Act this week, according to the Motor Insurance Bureau’s Technical director, Paul Ryman…
Saga completes Bennetts acquisition
Over 50s insurance specialist Saga has completed the acquisition of motorcycle insurer Bennetts for £26.26m in cash.
AA buys 49% stake in Indian roadside assistance venture
The AA has launched a five-year joint venture with Indian roadside assistance provider TVS Automobile Solutions to provide operational expertise to develop its assistance business in the country.
Travel insurance categorisation questioned in wake of Tunisia attack
UK insurers are unlikely to face significant losses from the deadly Tunisian terrorist attack, however insiders have suggested the increased targeting of tourists could cause the market to rethink how it categorises territories for the purposes of travel…
Cost of data-sharing a thorn in the side of telematics' mainstream potential
The mainstream adoption of telematics remains an unlikely prospect, according to market commentators, as the industry struggles to overcome the price tag older drivers place on their data.
JBA Risk Management selected to model Flood Re risk
Flood modelling specialist JBA Risk Management has been commissioned by Flood Re broker Guy Carpenter to develop a probabilistic loss model for flooding in the UK.
Willis and Towers Watson join forces to create broking and analytics powerhouse
Willis Group and Towers Watson today announced their intention to combine forces in an “all stock merger of equals”.
Quindell shareholders to seek compensation under Financial Services and Markets Act
Quindell is expected to announce "significant restatements" of accounting policies, along with write-downs on a number of companies bought in the 2013 to 2014 period, according to the lawyer coordinating a shareholder action against the firm.
Insurers and brokers report rise in business volumes over past three months
Business confidence for brokers, life and general insurers continues to rise, according to a joint survey by CBI and PWC published today.
Dual enters CEE market following DCD purchase
Dual Group has launched in Central and Eastern Europe as Dual Polska, following the acquisition of the majority stake of Torun headquartered insurance specialist, Data Connect Direct.
Grexit edges closer as country heads for July 5 referendum
Greek banks will not open this week, following the European Central Bank’s decision not to extend emergency funding to the troubled Eurozone state.
Marketform launches specialist M&A insurance team
Lloyd's underwriter Marketform has appointed Astrid O’Reilly as its first mergers & acquisitions insurance underwriter as it expands into the specialist class.
UK General in talks over schemes business sale
Managing general agent UK General is gearing up to sell its personal lines schemes business.
Ross trial delayed by seven months
The trial between Arthur J Gallaher and former International CEO David Ross, former chief financial officer Mark Mugge and former consultant Chris Keey has been delayed until February 2016.
Brexit would be negative for UK financial sector
A vote to leave the European Union could threaten the health of the UK economy and its financial sector, according to Standard & Poor's Ratings Services.