Articles by Mark Sands
RSA plotting £150m savings drive
RSA will seek to scythe away almost 10% of its £2bn annual costs as part of a savings drive by chief executive Stephen Hester, according to the Financial Times.
Homeserve UK making 'solid progress'
Homeserve has said its UK business set to achieve targets on new customers and customer retention just months after revealing its profits had halved over three years
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.
RK Harrison unit handed chartered status
RK Harrison’s UK retail division has been awarded chartered broker status by the Chartered Insurance Institute.
'Watered down' claims reforms set for Parliament
The Treasury is set to introduce a diluted version of a long-awaited insurance Bill to Parliament later today that drops the potential for claimants to pursue damages over delayed claims payments.
National Accident Helpline targeting November for first dividend
National Accident Helpline has outlined plans to pay its first interim dividend to shareholders later this year in a trading update issued to the London Stock Exchange this morning.
Gable inks £10m Risk Alliance deal
Lichtenstein based non-life insurer Gable has completed a deal to write commercial business on behalf of UK commercial broker Risk Alliance Group.
Aggregators cautious on FCA review
Price comparison websites have been muted in their response to the Financial Conduct Authority’s thematic review of the sector, which saw the watchdog warning that aggregators were falling short.
Ecclesiastical promotes O’Riordan to replace retiring reinsurance boss Jones
Ecclesiastical has promoted internally to replaces its departing group head of reinsurance Andrew Jones.
Aggregators failing to meet FCA expectations
The Financial Conduct Authority has this morning handed out a damning verdict on the price comparison website sector, finding such sites do not always ensure consumers were given information to make informed decisions.
Small firms struggling to be ready for Solvency II despite repeated delays
Survey reveals dissatisfaction over directive’s perceived cost-benefit ratio
Motor sector faces fresh scrutiny for failings over premium payment options
Customers offered monthly payment by default despite choosing to pay yearly
ULR CEO departs one month after Cardamon sale
The chief executive of legal expenses provider ULR Additions has departed the firm just over one month after it was sold to claims investment group 116 Cardamon.
BIA 2014 - Claims Initiative of the Year: LV=
Finalists: Ace European Group; Ageas; AIG; HSBC
BIA 2014 - Marketing Campaign of the Year: Bartlett & Company
Finalists: Axa UK; Green Flag; LV=; Zurich Insurance
BIA 2014 - Personal Lines Broker of the Year: Hastings Direct
Finalists: Caravan Guard; Halo Insurance Services; TempCover
BIA 2014 - Commercial Lines Broker of the Year – large corporate: Howden Broking Group
Finalists: Aon; KTIB Corporate Risk Solutions; RKH Group
BIA 2014 - Commercial Lines Broker of the Year – SME/mid-corporate: Bollington Insurance Brokers
Finalists: Club Insure; Jelf Insurance Brokers; Thomas Carroll Brokers
Market Moves - 17 July 2014
All the latest job moves in the insurance market
Treasury minister Morgan handed education remit
Nicky Morgan has been handed a new role as secretary of state for education just over three months after being named as replacing Sajid Javid.
Ageas inks Family Building Society partnership
Ageas has confirmed a deal to provide home, buildings and contents cover for customers of Family Building Society.
Environment secretary Owen Paterson ‘sacked’
Incumbent environment secretary Owen Paterson will depart the cabinet as part of a reshuffle being announced today, according to reports.
Absolute recruits former London 2012 cybercrime advisor
Insurance investigator Absolute Partnership has named one of the UK’s leading cybercrime experts as its new director of data and intelligence.
Former RSA CEO Haste named Wonga chairman
Former RSA and Axa Sun Life chief executive Andy Haste has been appointed as chairman of payday lender Wonga with immediate effect.