Articles by Mark Sands
Capita takes second MGA stake
Capita has taken an equity stake in a managing general agent for the second time, investing in Infinity Agency Limited.
AIG promotes Cloughley to bolster UK private client group
AIG has boosted its UK private client group with the appointment of Patrick Cloughley as senior business development manager.
Cunningham Lindsey handed customer service accreditation.
Adjusting giant Cunningham Lindsey has become one of 18 companies to be handed Approved Centre Accreditation from the Institute of Customer Service.
Add-on sales top the agenda in Competition Commission talks
CHO critical of commission’s credit hire cost calculations,
DNA recruits Snook to property owner division
Niche broker DNA has recruited Alan Blunden and Company’s Sophie Snook to lead its new property owners division.
DLG profits raised 14% by boosted reserve releases
Direct Line Group has reported profits boosted by 14% for 2013, resulting from substantial increases in reserve releases.
Guy Carpenter unveils satellite catastrophe evaluation
Reinsurance broker Guy Carpenter has launched a new satellite-based catastrophe evaluation service, GC CAT-VIEWSM.
Blanc pays tribute to Oval staff as earnings rise
Oval chief executive Peter Blanc has thanked staff for their dedication while the broker continues sale talks.
Towergate puts 240 roles at risk
Towergate has entered into consultation over around 240 roles as it seeks to consolidate account functions into two centres.
Market Moves - 27 February 2014
All the movers and shakers in recruitment in the insurance industry this week.
DAS adds to broker sales team with internal promotion
Legal expenses insurer DAS, has promoted Kelly Macha to a new role as broker account manager covering firms in South Wales, Gloucestershire, Wiltshire and Oxfordshire.
Biba launches call for evidence on Flood Re exclusions
The British Insurance Brokers' Association is to launch a survey of members to discuss the exclusion of SMEs under the incoming Flood Re scheme.
QBE Europe insurance profits crash 41% for 2013
QBE Europe has seen its pre-tax insurance profits almost half for the last calendar year, dropping 41% from $327m to 2012.
Yutree boss Hancock to chair Biba’s smaller broker board
Yutree managing director Kevin Hancock has been named chairman of the British Insurance Brokers’ Association smaller brokers advisory board, alongside Mason Owen MD Andrew Gibbons as deputy chairman.
PPI claims 'yet to peak' warns FSCS boss
Claims numbers for payment protection insurance are yet to reach their zenith according to the head of the Financial Services Compensation Scheme.
Brightside CEO Williams plotting MGA launch
Brightside chief executive Paul Williams has outlined a number of measures designed to improve profitability at the specialist broker, including the potential launch of a managing general agent.
LMA to launch Lloyd’s claims review
The Lloyd’s Market Association has unveiled plans for a review into the quality of claims management in the London market.
Airclaims to embark on Asia-Pacific recruitment drive
McLarens-owned aviation loss adjuster Airclaims is planning to embark on a recruitment drive in Asia-Pacific following increased demand for its services in Singapore, Australia, New Zealand and India.
Hiscox 2013 profits jump £27m
Hiscox has reported a £27m improvement in its profits for the full year of 2013, in spite of drooping results in London and minimal improvement in the wider UK market.
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
Lowered credit hire costs remain 'unacceptable' says ABI
The impact of credit hire on motor premiums remains unacceptable according to the Association of British Insurers, in spite of revised figures being issued by the Competition Commission this week.
Axa’s global P&C revenues up 2%
Axa has seen group-wide revenues for its property and casualty business increase 2% in figures for 2013.
Personal injury CMCs numbers almost halved since December 2011
Numbers of personal injury claims management companies have dropped 45% since December 2011 following a Ministry of Justice clampdown on rogue firms.
BMS names reinsurance veteran head of US broking business
BMS has appointed Andrew Bustillo as president and chief executive of its US broking arm BMS Intermediaries.