Articles by Chris Wheal
Questgates provides health fraud training
Questgates is to deliver accredited counter fraud training to Health Insurance Counter Fraud Group members.
Shareholders support Jardine Matheson's JLT buy-in bid
Jardine Matheson’s bid to increase its stake in broker JLT by buying 10% of the company got more than 85% support from the other shareholders.
Reinsurers squeezed by capital excess
Delegates at a seminar organised by Guy Carpenter at Baden-Baden were told reinsurance pricing would remain low as more capital was available than customers.
Aviva to merge Irish and UK operations
Aviva is to scrap its separate company in the Republic of Ireland and merge its operation with the UK, cutting up to 950 jobs over two years.
Aviva merges Irish and UK operations
Aviva is to scrap its separate company in the Republic of Ireland and merge its operation with the UK, cutting as many 950 jobs over two years.
R&Q buys Takaful run-off firm Principle
Run-off specialist Randall & Quilter is to buy Principle Insurance, the UK Takaful motor insurer put into run-off in October 2009, for £4.275m.
Deacon offers managing agents PI cover
Blocks of flats insurance broker Deacon has developed a professional indemnity insurance products for managing agents.
FSA did not seek compensation powers
The Financial Services Authority has insisted fears it was seeking draconian power to force brokers to pay unreasonable amounts of compensation are unfounded.
Claims costs force UK P&I premiums up
The directors of the UK P&I Club have agreed to increase the premium rating of all members by 3% from 20th February 2012.
Coface downgrades forecasts
Trade credit insurer Coface has downgraded its forecasts for the US and much of Europe claiming financial market volatility “has spread to the real economy”.
George Boden to chair Compre board
Run-off and consultancy firm Compre has named George Boden as chairman.
BP Marsh reaps investment profits
Insurance industry venture capital firm BP Marsh announced a near 70% rise in pre-tax profit to £2.3m (2010: £1.4m) and said its net asset value (NAV) had grown 8.1% during the year.
Litmus appoints Shipperlee from S&P
Insurance consultancy Litmus Analysis has taken on former Standard & Poor’s and AM Best insurance analyst Stuart Shipperlee as a partner.
Five join medical intermediaries’ group
The Association of Medical Insurance Intermediaries has welcomed five new companies taking membership to “well over 100 intermediary firms”.
Aspen launches risk management online
Aspen Risk Management has launched a virtual risk manager service to help brokers and clients identify risk management alternatives to insurance.
Bermuda is US’s biggest insurance ally
Business Bermuda’s 2011 Economic Impact Study claims that for the first time ever Bermuda became the most important international provider of insurance services to the US last year.
No justification for FSA compensation
Professional indemnity insurance broker PI Expert has warned that the Financial Services Authority’s demands for more power to issue compensation awards could be a cash cow for the regulator.
Home & Legacy in broker push
High net worth underwriting agency Home & Legacy has announced ambitious expansion plans on the back of slicker technology and a six-month 2.5% boost in commission paid to brokers.
AIR estimates Hurricane Jova losses
Catastrophe modelling firm AIR Worldwide says category 2 Hurricane Jova will have caused less than $52m of damage as it hit a sparsely populated stretch of Mexico’s Pacific coast.
FSA approves Haverford’s Omega bid
Haverford (Bermuda) has secured approval from the UK Financial Services Authority for its proposed acquisition of up to 25% of troubled Lloyd’s insurer Omega.
Telematics reports driving every second
Insurance telematics firm MyDrive Solutions has launched its first product to market called Dynamic to enable car insurers to use driving behavioural data to assess the risk presented by individual drivers.
James Gerry to chair GB Underwriting
Privately-owned managing general underwriter GB Underwriting has recruited the CEO of JLT-owned Thistle, James Gerry, to be its chairman.
Deacon names two in marketing drive
Deacon has appointed David Hitchins to the new role of marketing manager and Adrian Potter as new business sales manager.
96% of young drivers priced off the road
A survey by Young Marmalade ahead of today’s Transport Select Committee hearing with Jack Straw, found that 96% of young drivers feel they have been priced off the road by high insurance premiums.