Articles by Francesca Nyman
IAIS plans global capital standard by 2016
Plans to develop a global risk-based capital standard for insurers by 2016 were unveiled by the International Association of Insurance Supervisors yesterday.
IAIS targets global risk-based capital standard by 2016
The International Association of Insurance Supervisors plans to develop a risk based global insurance capital standard by 2016.
Further Quindell deals in the pipeline as Terry plots full listing
Quindell plans to sign several more deals of a similar scale to its agreement with Direct Line Group, but does not see such things as a prerequisite for a full listing on the FTSE 250 stock exchange, according to chief executive Rob Terry.
Concerns grow for solicitors’ PI market as top brokers look to unrated carriers
At least 175 law firms enter EIP as impact of Berliner exit continues.
Quindell signs £150m deal with DLG
Outsourcing specialist Quindell Portfolio has agreed three year service contract with Direct Line Group.
Court of Appeal upholds legality of basis clauses
The court of appeal has confirmed the legality of basis of contract clauses in a case involving Liberty Syndicate.
Q&A: Richard Ward: Passing the Lloyd’s baton
Reflecting on his time at the helm, outgoing Lloyd’s chief executive Richard Ward talks about the upcoming challenges for his successor and the legacy he is leaving behind.
SRA receives 185 requests to enter EIP
A total of 185 law firms have applied to the Solicitors Regulation Authority to enter the extended indemnity period for solicitor’s professional indemnity insurance having failed to secure cover by 1 October.
UK GI business volumes up Q3 says PWC
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
Willis Group hires Drivas to drive European fac growth
Broker Willis Group has appointed Christine Drivas to its facultative reinsurance division, Faber Global.
Willis hires Drivas to drive facultative reinsurance growth
Broker Willis Group has appointed Christine Drivas to its facultative reinsurance division, Faber Global.
GI business volumes rose in Q3 says PWC report
General insurers saw business volumes and profitability rise in the past three months and expect strong growth in business volumes during the next quarter, according to the latest CBI/PWC Financial Services Survey.
Giles shareholders receive payout warning
Broker Giles has told class A and B ordinary shareholders in Expectrum that their shares will not pay-out following its acquisition by Arthur J. Gallagher.
Hiscox launches aviation website
Specialist insurer Hiscox has launched a direct website, designed to offer loss of licence and loss of training expenses insurance to aviation professionals.
Ferma 2013: Captive growth can be opportunity for insurers
Businesses are increasingly utilizing captives to manage their risks, according to insurers at the Federation of European Risk Management Association conference.
Ferma 2013: Beazley wants to be 'complimentary not competitive' in Europe
Beazley wants to secure more European business but does not want to be competing with the local market on traditional classes, according to Beazley’s head of broker relations David Price.
Ferma 2013: AIG aims to differentiate through global risk appetite
Risk managers increasingly need an insurer with the ability to manage a global programme, according to Emmanuel Brulé, president of commercial insurance EMEA at AIG.
Apil slams 'misconception' fuelled meso proposals
The Association of Personal Injury Lawyers has accused the consultation paper on mesothelioma of being “based on a number of misconceptions about how mesothelioma claims are carried out in practice”.
Outgoing Lloyd’s CEO vows to make Aon’s sidecar deal deliver on promises
Merits of Aon’s ‘parasitic’ arrangement with Berkshire Hathaway questioned.
Ferma 2013: 'Twin peaks' regulation questioned by ex-EC Solvency II head
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to the insurance industry.
Ferma 2013: Former EC Solvency II head questions 'twin peaks' regulator
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to insurance.
London company market income totals £24bn
Premium income written in the London company market reached nearly £18bn in 2012, according to a survey by the International Underwriting Association.
Road deaths fall 8% but serious injuries remain stable
A total of 195 723 people were killed or injured in road accidents reported to the police in 2012, down 4% on 2011, according to the Reported Road Casualties in Great Britain Annual Report.
China's telematics boom could take up to five years
The emergence of telematics in China will take three to five years, as the China Insurance Regulatory Commission begins to liberalize insurance terms and rates, according to technology research firm Celent.