Articles by Mark Sands
McManus and Chaucer silent on $300m buyout rumours
Brendan McManus and insurer Chaucer have refused to be drawn on speculation that the former Arthur J Gallagher UK retail CEO will lead a buyout of the insurer's UK motor business, backed by private equity house Apollo.
Apil marks 100 day election countdown with bereavement campaign video
The Association of Personal Injury Lawyers has marked the 100 day countdown to this year’s general election with a new campaign video to push for reform of compensation rules for bereavement and psychiatric harm.
Alsford Page & Gems announces MBO
Lloyd’s insurance and reinsurance broker Alsford Page and Gems is to complete a private equity backed management buyout that will see the staff holding 28% of the total shareholding.
Ombudsman GI complaints dip for Q3
Numbers of enquiries received by the Financial Services Ombudsman on general insurance products excluding payment protection insurance fell in the final three months of 2014.
DAS claims boss exits in restructure
Legal expenses insurer DAS has restructured its management, with chief claims officer Richard Harris, pictured, opting for redundancy after his role was dissolved.
Drivers claiming £3.2m in compensation for pothole damage
Almost 50,000 UK drivers have claimed more than £3m in compensation from local councils for damage to vehicles caused by potholes over the last financial year, according to the RAC Foundation.
Liberty Specialty Markets creates CRO role for Arch’s Fullerton-Rome
Liberty Specialty Markets has found its first chief risk officer in the shape of Arch’s Elizabeth Fullerton-Rome.
29% of drivers believe they aren’t responsible for accuracy of insurance applications
Almost a third of UK drivers believe they are not directly responsible for the accuracy of their motor insurance applications, according to new research from technology firm SSP.
City minister's apprenticeship figures ‘a mistake’ says CII
The Chartered Insurance Institute has moved to correct City minister Andrea Leadsom’s claims on apprenticeships, claiming the MP is mistaken on numbers.
RSA facing constructive dismissal suit from former Ireland CEO
RSA is facing a court battle over the departure of former Ireland CEO Philip Smith last year following his decision to sue for constructive dismissal.
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
Quindell confirms Slater & Gordon sales talks
Troubled insurance services provider Quindell has confirmed that it is in talks over disposals with law firm Slater & Gordon.
Treasury insurance boss slams industry for lack of self-promotion
HM Treasury’s head of insurance and savings has hit out at the failure of the insurance sector to attract young workers, calling for more self-promotion from the industry.
Miles Smith eyeing acquisitions after Clydesdale refinancing
London broker Miles Smith is laying out plans for growth after becoming the third insurance business to complete a Clydesdale Bank-back debt refinance in two months.
PRA expects total UK insurance capital to drop under Solvency II
The Prudential Regulatory Authority’s executive director of insurance has forecast that total capital held by insurers in the UK will likely drop under incoming Solvency II rules.
Towergate sale enters final furlong as Cullum and Homer fall behind frontrunners
Peter Cullum and Andy Homer's hopes of reacquiring Towergate look set to be dashed as the broker seeks to bring an end to a lengthy sale process.
Market Moves - 22 January 2015
All the latest job moves in the insurance market.
Biba confident on pre-election manifesto progress
The British Insurance Brokers’ Association is confident it can make rapid progress on a list of 20 “calls for action” issued as part of its 2015 manifesto.
Pool Re reportedly weighing business interruption changes
UK terrorism insurance scheme Pool Re is reportedly evaluating changes to business interruption cover in the aftermath of the Charlie Hebdo killings in Paris.
Nexus grows capacity for 2015
Managing general agent Nexus Underwriting Management Group has secured increased capacity across its core specialty lines for 2015.
Quindell deputy chair quits Financial Reporting Council
Quindell’s newly appointed deputy chairman has resigned his position on the Financial Reporting Council with immediate effect.
Towergate confirms £1 creditor bid
Towergate has confirmed receipt of a bid from debtholders to buy the embattled broker for its total debts and interest, plus £1.
International conflicts biggest threat to global stability
The biggest threat to the stability of the world in the next 10 years comes from the risk of international conflict, according to the 10th edition of the Global Risks report published by the World Economic Forum.
ABI reaffirms two-thirds of industrial deafness claims are rejected
The Association of British Insurers has backed analyst claims that the industry is repudiating roughly two-thirds of industrial deafness claims, despite some firms suggesting rates north of 80%.