Articles by Mark Sands
Market Moves - 13 March 2014
Post takes a look at who has moved where in the insurance industry this week.
60 Xchanging claims roles in redundancy consultation
60 claims staff on Xchanging’s property, binding and reinsurance teams have been put at risk of redundancy in a consultation process due to run to the end of June.
GAB loses out on Lloyds Bank claims contract
Lloyds Bank has decided against renewing a claims contract with GAB Robins, moving all overflow business over to Crawford, Post can reveal.
Avantia completes £57m MBO for 'aggressive' growth plans
Online property insurer Avantia has completed a £57m management buy-out backed by private equity firm ECI Partners.
Bluefin grows sports, commercial units with double purchase
Bluefin has swooped for two brokers, adding to its sports and commercial divisions.
Hiscox inks Xchanging fees management contract
Hiscox is targeting improved fee turnaround with a deal that will see Xchanging provide management information.
David Oliver unveils personal accident portal
Underwriting agency David Oliver Associates has launched a new personal accident and sickness facility for brokers.
Equity activates Quindell Challenger tools
Motor insurer Equity has this week activated new tools from Quindell focusing on claims, policies and management intelligence.
Mi rebrands as Open GI London
Open GI sister company Mi has rebranded to become Open GI London.
Access BI likely to lose regulatory approvals next week
Specialist managing general agent Access BI is likely to see its regulatory permissions revoked after Post’s sister title Insurance Age revealed it was under regulatory investigation.
RSA Ireland recruits CEO from rival Zurich
Zurich’s Irish chief executive Ken Norgrove is to move to RSA from June after being appointed to replace former Ireland CEO Philip Smith.
Former Lloyd’s CEO Prettejohn steps down from PRA
Former Lloyd’s chief executive and Brit chairman Nick Prettejohn is to step down from the board of the Prudential Regulatory Authority.
Cunningham Lindsey promotes Johnston to London major loss role
Cunningham Lindsey has moved international adjuster Iain Johnston to a new role as London and South East major loss director.
ABI condemns increased meso compensation
The Association of British Insurers has condemned plans by the government to increase damages awarded to mesothelioma sufferers who are unable to trace a liable insurer.
Aviva safeguards staff pensions with record longevity deal
Aviva has moved to protect its UK staff pensions with a record breaking £5bn longevity transaction.
Pet insurance register would collar fraudsters says Aquarium
A leading provider of insurance fraud software has called for a national register on pet insurance and claims in order to tackle growing numbers of frauds.
RSA promotes Lowther to UK & Western Europe CFO
RSA has named emerging markets chief financial officer Sean Lowther as the new CFO for UK and Western Europe.
Untraced meso scheme payments up £8k
Mesothelioma sufferers unable to trace their employer at the time of exposure are now set to gain boosted settlements, according to the Department for Work and Pensions.
Ascot profits down 14% for 2013
AIG-backed Ascot Underwriting has announced profits down 14% for 2013.
Aviva internal debt plans hailed by analysts
Aviva’s agreement to reduce the balance of an internal loan to £2.2bn by the end of 2015 has won the approval of analysts, who describe the move as “hugely significant”.
VFM claims first in escape of water desktop counter fraud solution
Counter fraud specialist VFM Services has unveiled what it claims is the first product to prevent insurance fraud on escape of water claims.
Compass notches £500m GWP milestone
Arthur J Gallagher-owned network division Compass Broker Services now controls £505m in gross written premiums just over a year after its launch.
GAB joins customer service institute
GAB Robins has joined the Institute of Customers Services, committing to help all staff undertake targeted qualifications within two years.
Allianz approved for ABS with Serious Law
Allianz has been granted an Alternative Business Structure licence, and will launch a partnership with catastrophic personal injury specialists Serious Law.