Articles by Mark Sands
Ageas finalises household claims reshuffle
Ageas has completed a restructure of its household claims suppliers, appointing 21 members to its new panel.
Balbinot’s Insurance Europe presidency extended
The chief insurance officer of Generali will serve an additional year as president of Insurance Europe after a vote at the European insurance and reinsurance federation’s General Assembly in Malta.
Biba welcomes ‘encouraging’ competition proposals
The British Insurance Brokers’ Association has issued its support to proposals from the Competition and Markets Authority to improve the UK’s dysfunctional motor market.
CHO hails competition probe backing for modified GTA
The Credit Hire Organisation has welcomed the Competition Market Authority’s proposals this morning as a validation for the general terms of agreement held between insurers and credit hire firms.
ABI heralds credit hire cap plans
The Association of British Insurers has welcomed plans to limit the cost of providing a replacement vehicle as an at-fault insurer as part of package of reforms unveiled the Competition and Markets Authority.
Mass critical of CMA stance on repair networks
The Motor Accident Solicitors Society has condemned the findings from the Competition and Markets Authority, which said the watchdog would not investigate repair networks further.
CMA probe provides ‘little respite’ for insurers, says analyst
Proposals from the Competition and Markets Authority issued today will provide little support to the relief for insurers hoping to boost performance, according to Shore Capital analyst Eamonn Flanagan.
RSA names Bergander permanent Scandinavia CEO
RSA has handed the permanent leadership of its Scandinavian unit to interim chief executive Patrick Bergander.
Competition watchdog calls for credit hire cap and 'wide' MFN ban
The Competition and Markets Authority has today revealed proposed changes for the UK’s private motor insurance market in a bid to increase competition and reduce costs for drivers.
Quindell shares down 20% at close after premium listing block
The value of Quindell’s stock has plummeted by 20% following the revelation the firm would not be able to attain a premium listing.
Quindell blocked from premium listing move
Quindell will not be allowed to move to the London Stock Exchange’s main market, it has emerged, as a result of its rapid expansion.
DAS pre-tax profits up 9% for 2013
Legal expenses insurer DAS has reported a 9% boost in pre-tax profits for 2013, with figures reaching a total of £12.1m.
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
Call for fraud reform clarity over ‘fundamental dishonesty’ definition
MoJ plans include a ban on incentives to claimants and pre-medical offers
Lloyd’s upgraded to ‘AA-‘ by Fitch
Lloyd’s has been handed an improved insurer financial strength rating by Fitch, moving from “A+” to “AA-“.
ERS recruit from Rural for business development pair
ERS has picked up a pair of business development executives from Rural Insurance, with responsibility for Scotland and the North East.
Market Moves - 12 June 2014
All the latest job moves in the insurance market
Equinox Global launches Dutch unit
Trade credit specialist Equinox Global has opened a new office in the Netherlands, helmed by a former Atradius special products head.
Motor insurers record first profit in 20 years, claims EY
The motor insurance market has recorded its first underwriting profit since 1994, according to figures released by EY this morning.
Quindell targeting premium listing 'as soon as practicable'
Quindell has stressed its commitment to a premium listing on the London Stock Exchange, pledging to update investors in the next ten days.
MoJ plans strike out legislation for fraudulent claims
The Ministry of Justice is to step up its fight against fraudulent insurance claims by introducing legislation to require courts to reject entire compensation claims where a claimant has been “fundamentally” dishonest.
MIB hails continuous motor cover rules for Northern Ireland
The Motor Insurers’ Bureau has welcomed plans to consult on the introduction of a continuous insurance enforcement scheme in Northern Ireland, bringing the country in line with England, Scotland and Wales.
LV Broker unveils property investor cover
LV Broker has revealed a new cover for clients with large property portfolios in a bid to grow its commercial property offering.
SSP launches behavioural anti-fraud weapons
Software specialist SSP has unveiled a new anti-fraud solution that will tackle crooks through behavioural analytics.