Articles by Chris Wheal
Antares’ ceded reinsurance appoints head
Specialist Lloyd’s insurer Antares has named Richard Anson as head of ceded reinsurance.
IBRC to fight Quinn in Northern Ireland
Ireland’s Anglo Irish Bank asset recovery vehicle, the Irish Bank Resolution Corporation, is to fight Seán Quinn’s bankruptcy in the Northern Ireland High Court in Belfast today.
Chubb offers PI for professional service providers
Chubb has launched a professional indemnity product for professional service providers ranging from management consultants and HR experts to payroll processors and polygraph operators.
Seán Quinn ordered to repay €417m
Ireland’s commercial court has ordered Seán Quinn to repay about €417m to the Irish Bank Resolution Corporation, The Irish Times reports.
BI claims likely to contribute significantly to $20bn Thai flood losses
The majority of insurance losses from flooding in Thailand will come from the impact on manufacturing and supply chains, AM Best has confirmed.
Moyes chooses Momentum for start-up
Terry Moyes, who quit Oval to start his own broker business, has signed up with the Momentum network, run by former Oval boss Howard Pepper.
Express secures KTM’s first cover deal
Express Insurance has clinched the first ever insurance tie-up by Austrian motorcycle manufacturer KTM and will run a subsidised policy underwritten by Groupama for new bikers.
Escape of water claims hit £2m daily
According to Cadogan Keelan Westall a quarter of claims made on flats are for damage caused by escape of water.
Homeserve set to lose 5% of customers
Homeserve, the home repair business hit by a mis-selling scandal, has warned customer numbers will fall by 5% as a result of its telephone selling problems - costing it £15m.
Miles Smith expands with two buys
Lloyd’s broker Miles Smith has bought wholesaler motor fleet specialist Parker Norfolk and the UK operations of RL Davison.
Keelan Westall grows business by 45%
Broker Keelan Westall has announced that new business income has risen by more than 45% in the past year, with the number of quotations reaching record breaking levels in the past two months alone.
Allianz hails ‘first sanity in 30 years’
Allianz’s UK boss Andrew Torrance has said “the first period of sanity in 30 years” in the personal motor insurance market has helped make personal lines the growth area for the firm.
Terry Moyes quits Oval to go it alone
Terry Moyes, managing director of Oval's corporate business, has resigned from the Oval Group to set-up a multi-niche general insurance broker focusing on commercial, aviation and high net worth.
Argent recruits and promotes internally
Argent Liability Adjusters has appointed four new associate directors and made three new hires as it continues to expand.
LMA readies Baker for standards role
The Lloyd’s Market Association’s has promoted senior underwriting executive, Ben Baker, to the role of professional standards manager following the announcement that Terry Hayday is to retire as head of professional services in June.
Darwin Clayton announces new MD
Tunbridge Wells-based schemes broker Darwin Clayton has appointed Simon Henderson as managing director.
Harrison to head Travelers’ risk control
Richard Harrison has switched from Chubb to lead the risk control function for Travelers in the UK and Ireland.
Hotter, wetter and windier weather poses a threat to insurers
The Inter-governmental panel on climate change has identified rising temperatures, heavier rain and stronger winds as threats to insurers.
Keoghs grows with two appointments
Insurance claims law firm Keoghs has hired two new partners – insurance fraud specialist Paul Smith and risk and compliance director Philippa Hayes.
CII president calls for focus on youth
Chartered Insurance Institute president Julian James has laid out an ambitious manifesto for his CII centenary term of office aimed at bringing in new blood to the industry.
Climate Wise reports zero improvement
Climate Wise member firms' compliance with the climate change group’s principles has stagnated at 88% after three years of improvements from a starting score of 65%.
Hastings Direct creates Premier brand
Hastings Direct has launched premier car and motorbike insurance products with additional features and benefits as standard.
Actuaries confirm Cribb as CEO
The Institute and Faculty of Actuaries has appointed Derek Cribb as its chief executive. He has been acting chief executive of the professional body, having joined the organisation in May 2010.
Kiln says 2009 improving, but 2010 outlook bleak
Lloyd's insurer J Kiln & Co, part of the Tokio Marine Group, has said in updated forecasts that the 2009 year of account remains on track, with syndicates 510, 557 and 807 showing some improvements.