Articles by Mark Sands
Bank of England insurance director Adams heads to Pru
The Bank of England’s executive director of insurance supervision has been recruited by Prudential, where he will serve as group regulatory director.
Hodges declines to rule out more redundancies
Towergate group chief executive Mark Hodges has refused to rule out further expansions to the broker’s redundancy programme over the next year, shortly after confirming that the firm would lose an additional 100 staff.
Towergate losses grow 52% as redundancy programme expands
Towergate has announced increased pre-tax losses for the first half of 2014, alongside adding an extra 100 staff to expected headcount reduction by year end.
Industry frustrated as CMA considers U-turn on capping credit hire costs
CHO boss Evans launches complaint to CMA over direct hire practices
Market Moves - 7/14 August 2014
All the latest job moves in the insurance market
Quindell shares down 12% on RAC deal rumours
Quindell’s share price has dropped 11.56% in one day’s trading after reports suggest a £100m telematics deal with RAC may have hit the rocks.
East England drivers UK’s worst says Aviva
Drivers in Aviva’s home territory of the East of England are among the UK’s worst according to figures produced by the insurer’s Drive smartphone app.
Covéa partners with VFM for fraud detection
Covéa has completed a deal with VFM to improve fraud detection across the insurer’s business.
MoJ capping whiplash report costs at £180
The Ministry of Justice has laid out plans to limit the cost of whiplash medical assessment fees in England and Wales at £180.
Enterprise and CHO clash over CMA complaint
Enterprise and the Credit Hire Organisation have crossed swords after CHO chairman Steve Evans wrote to the Competition and Markets Authority to demand an investigation into direct hire practices.
Blog: Tick follows Tock, follows Tick...
In June 1947, the British appointed lawyer Sir Cyril Radcliffe to lead a commission which would establish the boundary between India, and a nascent Pakistan.
Crawford appointed to Eastbourne Pier fire
Adjusting giant Crawford has been appointed to investigate the fire that wracked Eastbourne Pier yesterday.
Euler Hermes net income up 4.1% for H1
Trade credit insurer Euler Hermes has recorded net income up 4.1% for the first six months of 2014.
RSA hands Motability reins to South director Gibbs
RSA has named its regions South boss Rob Gibbs as its new director for RSA Motability as part of a commercial lines reshuffle.
Willis drops contingent commission ban
Broking giant Willis has confirmed that it will drop a ban on taking contingent commissions, just over two years after initially accepting the payments in its employee benefits arm.
Competition watchdog weighs credit hire cap U-turn
The Competition and Markets Authority is considering back-tracking on proposals to enforce a cap on the cost of replacement vehicles to non-fault motor insurance claimants.
Crawford completes Buckley Scott buy
Loss adjusting giant Crawford has acquired construction and engineering specialist Buckley Scott, Post can reveal.
Gallagher Q2 broking revenues up 34%
Arthur J Gallagher has reported group-wide broking revenues climbing by more than a third on a year-on-year basis for Q2.
UK Government offers £10m for driverless car road trials
The UK Government has offered a pot of £10m to help fund public road trials of driverless cars in up to three cities from January 2015.
Industry defends removal of delayed settlement clauses from Insurance Bill
Plans to allow business claimants to seek redress after delays may yet be restored
Duo positive despite ‘lower than expected’ Lloyd’s VCS traffic
Xchanging and Crawford remain optimistic for scheme’s future
‘Invigorated’ Burke pledges future to JLT
Jardine Lloyd Thompson chief executive Dominic Burke has committed his future to the broker after returning from a shock two month sabbatical.
Market Moves - 31 July 2014
All the latest job moves in the insurance market
Compass adds £20m in GWP with four recruits
Gallagher-owned network Compass Broker Services has added four new members to its ranks, boosting total gross written premium to more than £550m.