Articles by Chris Wheal
MoJ had 9750 complaints in 2011 and shut 734 claims management companies
The Ministry of Justice has closed down 734 ambulance-chasing claims management companies, leaving 3018 authorised at the end of March, after receiving 9570 complaints in the past year.
Insurers secure Edinburgh subsidence liability from Coal Authority
The Lands Tribunal in Edinburgh has found in favour of a consortium of insurers in a long running case against the Coal Authority relating to 24 subsidence-affected residential properties in Rosewell, near Edinburgh.
Swiss Re claims it will outperform
Swiss Re has told investors it expects to outperform this year through a mix of unique business opportunities, capital strength and three new business units.
Resources in Insurance Group to expand
Claims management firm Resources in Insurance Group is to set up a new division for mentoring and placement services and develop an apprenticeship scheme.
PPOs present threat to motor insurers
The increase in Periodical Payment Orders will be credit negative for companies with significant personal injury claim exposures, most notably motor insurers and their reinsurers, Moody's Investors Service has warned.
Moody's: general insurance outlook stable
Rating agency Moody's has said the outlook for UK general insurance remains stable, driven primarily by adequate risk-adjusted pricing and Moody's expectation of modest rate increases in most lines of business.
Willis Re names Beedle as Asia chief
Willis Re has promoted James Beedle, pictured, to be chief executive of its Asian operations.
Lonmar sells Medicare to France's April
Lonmar Global Risks has agreed terms for the sale of its managing general agent, MediCare International, to French broker April.
Which? to correct exaggerated policy fee allegation against Axa and Swiftcover
Which? has said it will print a correction over its allegation that Axa and Swiftcover charge "flat fees" to change customer details.
European mutual insurers meet in Poland
Europe's mutual and cooperative insurers will hold their third biennial Congress from 6 to 8 June 2012 in Gdansk, Poland, with Lech Wałęsa, Nobel Peace Prize winner and founder of the Solidarność movement, as guest speaker.
Aegis boosts contingency with Tom Coles
Aegis London has hired Tom Coles from RSA as a contingency underwriter to grow its contingency account.
Takaful to grow to $12bn this year
Saudi cooperatives account for $4.3bn, or 52%, of global Takaful contributions.
TT Club still in surplus despite 2011 cats
Freight transport and logistics insurer the TT Club has said it kept its combined ratio below 100% in 2011 despite a record year for catastrophe claims.
Marsh says 2011 cats demonstrated need for more cover and better policy wordings
Broker Marsh has said that the scale of catastrophes in 2011 exceeded previous loss-modelling predictions and has challenged established thinking on the nature of risk.
Oxford adds fee recovery to its PI cover
Oxford Insurance Brokers has launched a bolt-on fee recovery service as part of its professional indemnity insurance.
Mapfre Abraxas claims gap insurance shift
Car manufacturers and dealerships have responded positively to the good practice guidelines on gap insurance laid down by the Association of British Insurers just over 12 months ago, according to Mapfre Abraxas.
HSE lists top 10 health and safety myths
The Health and Safety Executive has published what it claims are the top 10 worst health and safety myths.
Admiral sells Italian aggregator Chiarezza
Admiral has sold its Chiarezza price comparison operation in Italy to BlackFin Assurance Courtage.
Jelf Manson aims to be Manchester’s broker of choice with Matthew Seel appointment
Manchester insurance broker Jelf Manson has appointed Matthew Seel, pictured, as account executive to develop new business in the area.
ABN Amro sells corporate broker to Aon
Bank ABN Amro is selling its corporate insurance broker business to Aon.
Farr warns of housing association claims
Housing association insurance broker Farr has warned that premiums in the sector – currently at the lowest level for 10 years – could be about to rise by as much as a fifth.
CCV buys remainder of Capital & County
CCV has bought broker Capital & County outright after originally buying a 30% shareholding on 1 September 2008.
Twenty years on: Impact of the Baltic Exchange attack
Today is the 20th anniversary of the Baltic Exchange blast in St Mary Axe in which three people died.
Insure the Box claims telematics cut young driver accidents by 40%
The use of telematics to encourage better driving had reduced young driver accidents by as much 40%, according to Insure the Box after an analysis of more than 300 million miles of driving data.