Articles by Chris Wheal
Tracker wants insurer telematics partners
Tracker managing director Stephen Doran has called for motor insurers to form partnerships with telematics experts rather than go it alone.
Tokio Marine Europe up nearly a quarter
Tokio Marine Europe has reported a turnover increase for 2011 of nearly 24% to £14.5m (2010: £11.7m), with operating profit leaping to £694 177 (2010: £118 622).
Ace promotes Homan as Stibbards retires
Ace Group has named Mark Homan as executive vice president, casualty, for the insurer’s international insurance operations, from 1 July, 2012.
Xchanging targets North American growth
Business process outsourcing company Xchanging is to expand its insurance offering to the North American market.
Euler Hermes ties up with Mapfre for Spain and Latin America push
Spanish insurer Mapfre and Allianz-owned credit insurer Euler Hermes have signed a 50/50 joint venture to develop their credit insurance business in Spain and four Latin American countries.
Deloitte reports growing number of insurers fear Solvency II delays
The latest edition of the annual Deloitte Solvency II survey shows that a rising number of insurers believe the industry will miss the January 2014 compliance deadline.
Innovation Group profits from insurance
Insurer software and services provider The Innovation Group has announced half year revenue up 10% to £94.8m (2011: £85.8m) and adjusted profit before tax up 16% to £7.3m (2011: £6.3m).
Zurich promotes two in global GI business
Zurich Insurance Group has named Swiss national Claudia Dill as chief operating officer for its general insurance business to replace Belgian national Dirk De Nil who becomes head of sales and distribution.
Minister Spelman hints at flood deal with ABI, rejecting pure risk-based pricing
Environment minister Caroline Spelman, pictured, has told the Association of British Insurers’ property conference that the idea of flooded households being left to fend for themselves is unacceptable.
Red 24 recruits German commander to tackle kidnap and ransom demands
Crisis management assistance company Red 24 has appointed Christopher Schramm as a crisis consultant specialising in kidnap for ransom and extortion, piracy and malicious product tampering.
Towergate says Cobra withdrawal shows it is financially disciplined and 'boring'
Towergate boss Mark Hodges has said the broker's withdrawal from the race to buy rival Cobra is a sign of Towergate's financial discipline.
Broking holds back Towergate in Q1
Towergate Insurance's Q1 figures show that its broking business suffered as overall group income was up 2% to £105.5m (2011: £103.3m) and group operating earnings were up 9% to £34.3m (2011: £31.4m).
TL Dallas chairman Colin Dallas dies
Bradford broker TL Dallas Group chairman Colin Dallas has died at home after a long illness.
Eqecat puts €100m price on Italy quake
Catastrophe risk modelling firm Equecat has estimated insured losses of around €100m for the northern Italy earthquake on 20 May, but warned of uncertainty.
Aon names McGill as group president
Aon has made Steve McGill group president to oversee the development of the firm's overall growth strategy and opportunity planning.
Capita takes over Medicals Direct
Capita has bought the medical screening services provider Medicals Direct Holdings for £13.2m, on a cash free, debt free basis, and a deferred consideration, linked to profit performance, of up to £2m.
MySlipcase social network launched for insurers and reinsurers
A former Willis broker has set up an online business networking platform for the insurance and reinsurance industry called MySlipcase.
Xchanging names Reynolds to lead sales
Business process and technology services provider Xchanging has appointed Mike Reynolds as global sales director of insurance with immediate effect.
RSA puts specialty into three divisions
RSA has reorganised its speciality businesses around the world into three key divisions to join up brokers and customers seeking global expertise and capacity.
Aon's Jones to chair Average Adjusters
Keith Jones has been elected chairman of the Association of Average Adjusters following its annual general meeting. He takes over from Paul Silver, pictured, of Richards Hogg Lindley.
Young driver car insurance amounts to a fifth of salary
Young drivers can pay nearly 20 per cent of their annual salary in car insurance, according to Confused.com.
Insurers pay out £1m a week for metal theft
Incidents running at 1,000 a week, according to the Association of British Insurers.
Towergate withdrawal leaves Cobra boss Stephen Burrows as only bidder for broker
Towergate has pulled out of buying troubled AIM-listed broker Cobra, leaving the way clear for Alto, the buyout venture backed by Cobra boss Stephen Burrows, pictured.
Departing migrant workers make EL claims as they leave, warns Allianz
Allianz UK boss Andrew Torrance has blamed east European construction workers returning home for a spike in employers' liability claims.