Articles by Francesca Nyman
Dual International appoints Sorensen
Dual International has announced today that it is appointing industry veteran Larry Sorensen as chairman of its North American underwriting agency operations.
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference.
Uncertainty for Balva policyholders after claims handler withdraws
The company handling claims for beleaguered Latvian insurer Balva has withdrawn its services, creating more uncertainty for policyholders of the Riga-based firm.
McMillan returns to Canopius
Canopius Group has appointed Neil McMillan as class underwriter to its North American Facilities team, focusing on property, motor and liability lines.
MOJ portal fails to stem rising legal fees
The costs of claims for private motor insurance rose by 7% last year despite a 15% drop in quoted premiums.
Further uncertainty for Balva policyholders as claims handler withdraws
The company handling claims for beleaguered Latvian insurer Balva has withdrawn its services, creating more uncertainty for policyholders of the Riga-based firm.
DAC Beachcroft launches Scottish fraud team
DAC Beachcroft has extended its claims validation team services into Scotland, establishing a specialist fraud team at its Glasgow office.
Data concerns prompt IUA professional lines questionnaire
The International Underwriting Association has published a new questionnaire for the submission of professional lines business.
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference today.
RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
Government founds group to promote Islamic finance
The government has announced the latest part of its plan to make Britain a leading Islamic finance centre, unveiling a new group to drive the growth of shariah-compliant financial products.
Mapfre‘s net income rises 4.3% driven by international business
Spanish insurer Mapre posted net income of €683.9m for the first nine months of 2013, a 4.3% increase on the previous year’s total.
Mapfre net income rises 4.3% in first nine months
Spanish insurer Mapre posted net income of €683.9m for the first nine months of 2013, a 4.3% increase on the previous year’s total.
Hiscox culls 32 firms from legal panel
Hiscox’s UK retail business has reduced the number of firms it works with for claims legal advice from 45 to 13 firms.
RSA performs offshoring U-turn as customers demand UK call centres
Closure of insurer’s customer-centric Indian call centres to create 350 UK jobs.
Sullivan takes non exec role at CGSC
Cooper Gay Swett & Crawford has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the Group’s North American operations.
Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
Winter storm Christian is worst in a decade
Winter storm “Christian” (known as “St. Jude” in the United Kingdom) battered the western shores of southern Britain early on Monday, October 28, 2013, as one of the strongest extratropical cyclones to affect the region in perhaps a decade.
St Jude claims unlikely to halt falling premiums
Damage to homes in the south and southwest as a result of storm St Jude is unlikely to be significant enough to halt the downward trend of household premiums, according to broker AA Insurance.
Flooding expected as South bears brunt of storm damage
The insurance sector faces a hefty bill from storm St. Jude, as claims start to filter through from across the UK.
XL Group appoints Asia property fac head
XL Group has appointed Pamela Ross to the position of vice president, property facultative for the Asia region.
Insurers braced for aftermath of St Jude storm
Insurers are assessing the damage this morning after strong winds battered England and Wales throughout Sunday night and Monday morning.
Insurance Europe calls for amendments to IASB accounting rules
Insurance Europe has welcomed revised proposals from the International Accounting Standards Board to account for insurance contracts but has asked for further amendments to achieve "a workable accounting standard".
Insurance Europe urges IASB to amend draft accounting standard
Insurance Europe has welcomed the revised proposals by the International Accounting Standards Board to account for insurance contracts (IFRS 4 Phase II) but has asked for further amendments to the current proposals to achieve a workable accounting…