Articles by Francesca Nyman
Insurers told to change ways or lose loss adjusting capacity
Insurers have been warned of the potential consumer detriment of in-housing claims by loss adjusting bosses who have backed the stance taken by Chartered Institute of Loss Adjusters' deputy president Benedict Burke over the industry’s ability to provide…
One third of brokers writing majority of business through schemes, survey finds
The number of brokers writing most of their gross written premium through schemes business has increased by 16% on 2014 to more than a third (37%) according to UK General’s fourth annual schemes survey.
Moody's puts Willis' debt rating on negative watch following Gras Savoye deal
Moody's Investors Service has revised the outlook on the BAA3 senior unsecured debt rating of Willis Group and its subsidiaries to negative from stable.
Homer to join Cullum at Global Risk Partners
Former Towergate chief executive Andy Homer is to join forces with Towergate founder Peter Cullum at London market consolidator Global Risk Partners.
Gibraltar sees completion of first ILS transaction
Betting company Lottoland has become the first company to complete an insurance linked securities transaction in Gibraltar.
Insurance CEOs urged not to overlook valuable talent pool of disabled workforce
A panel of speakers from within the insurance industry, and outside it, has addressed insurance CEOs on the need to increase diversity in the Lloyd’s and London market.
Quotas not the answer to lack of diversity says CII’s Mistry
Quotas are a form of ‘cheating’ and not the right way to increase diversity in the insurance workforce, according to the president of the Chartered Insurance Institute Ashwin Mistry.
QBE appoints O'Farrell as CUO for Europe
QBE has appointed Colin O’Farrell to the newly created position of chief underwriting officer for QBE’s European Insurance operations.
Bruce to bring much-needed retail and distribution expertise to GRP
London market consolidation business Global Risk Partners' appointment of ex-Bluefin CEO Mike Bruce is expected to provide the firm with a springboard for expansion.
Reid backed by broking peers to stay at Gallagher for the long-term
Former Bluefin executive chairman Stuart Reid has been tipped to be “the one that sticks” in the Arthur J Gallagher UK retail hot seat by a previous incumbent of the role, despite suggestions that his lack of recent integration experience could pose…
Premium cuts unlikely as flood resilience certificate gains CILA backing
Plans to create a certificate that would allow homeowners to prove their property had undergone adaptations to improve its flood resilience has gained loss adjusting support, however, industry experts are doubtful the concept will trigger rate reductions.
Organ bullish on Bluefin's prospects following double exit
Bluefin CEO Rob Organ claims there is “no confusion” at the broker following the double exit of CEO Mike Bruce and executive chairman Stuart Reid last week.
Ghost broker awaits sentencing for selling bogus insurance via fake company
A consultant is due to be sentenced for ghost broking after admitting selling bogus motor insurance to UK drivers through a fake company.
Claims Club: Loss adjusting could not respond to a surge on 2007 scale warns Burke
Falling demand for ‘business as usual’ loss adjusting services has left the industry unable to service claims at the peak of a surge, according to Benedict Burke, deputy president of the Chartered Institute of Loss Adjusters.
Claims Club: Collaboration during catastrophes vital to protect industry reputation says Biba
Collaboration at times of surge remains a polarising topic, with the industry divided on the extent to which rivals should work in partnership during catastrophic events.
Towergate 'streamlines' loss adjusting panel
Towergate Insurance has overhauled its loss adjusting panels following a tender process involving nine companies.
PI broker banned by FCA
The Financial Conduct Authority has barred former insurance broker Stephen Robert Allen after the Upper Tribunal found he was not a fit and proper person. The Tribunal reached the decision because Allen was found to have submitted a forged document in…
Fonseca takes up CEO role following Brokerslink incorporation
Brokerslink has restructured its board of directors to drive growth and revenue generation following its change from a not-for-profit association to a for-profit global broking company.
Digital strategy key for Co-op after 'transition' year
The 2014 financial year was “a transition year” for The Co-operative’s general insurance business as it took action to improve its loss ratio, according to chief financial officer Kieran O’Keefe.
Next government urged to take long-term approach by industry
Industry figures have implored the next government to take a long term approach to issues affecting insurance and to resist the temptation to unpick reforms that are starting to have a positive impact.
Pool Re CEO says cyber risk warrants public-private partnership
A public-private partnership in the area of cyber risk should be considered given the potentially systemic nature of the loss, according to Pool Re CEO Julian Enoizi.
Ignoring PCI-DSS rules could cost brokers 75% of new business
Research from call management specialists Callstream has shown that brokers failing to comply with Payment Card Industry-Data Security Standard regulations are seriously at risk of losing business as a result.
Insurers must consider impact of EU exit ahead of general election
UK-based insurers who underwrite European business should consider the consequences of the UK exiting or renegotiating its position within the European Union, according to AM Best.
Towergate assigned B- rating amid free cash flow pressures
Fitch has assigned TIG Finco, the new holding company for Towergate Group, a long-term issuer default rating of 'B-' with a stable outlook.