Articles by Mark Sands
Claims Portal service heads to tender
Claims Portal Ltd has invited suppliers to tender for the development and hosting of the claims portal.
Flood Re exceptions 'perverse' says Masojada
Hiscox chief executive Bronek Masojada has claimed that his insurer is keen to see all Flood Re exemptions abolished, not just those for homeowners at the top end of the council tax range.
Beazley recruits Ark’s Gray as specialty underwriter
Beazley has named Ark Syndicate’s James Gray as a new specialty underwriter.
DAS promotes Harris to chief claims officer
DAS has promoted Ageas’ former head of operations for motor claims to a new role as chief claims officer.
African and Middle East terrorism on 12 month surge
Terrorist and insurgent attacks across Africa and the Middle East have rapidly increased in number over the last twelve months according to figures from IHS Jane’s terrorism and insurgency centre.
AIG axing 3% of global workforce
US insurance giant AIG is planning to cut about 3% of its global workforce, primarily in its property casualty unit, according to reports, in spite of full year profits of almost triple last year’s equivalent figures.
2014 'a tipping point' says ABI boss Evans
Huw Evans, deputy director general of the Association of British Insurers, has warned this year will likely be critical to the future of the motor insurance industry.
Qatar Insurance Company buys Antares
Qatar Insurance Company is to enter the London market following the acquisition of the entire share capital of specialist insurer and reinsurer Antares.
Gumtree broker handed suspended jail sentence
A ghost broker who advertised worthless car insurance on Gumtree has been handed an eight month custodial sentence, suspended for two years.
100mph winds forecast for North west England and Wales
The Met Office has issued its highest level warning for the first time this winter in response to forecasts of extremely strong winds in Wales and North west England.
First Central recruits Roberts to IT director role
Motor intermediary First Central has moved to strengthen its UK senior management, with the appointment of Dan Roberts as director of IT, change and risk.
Bluefin swoops for Towergate regional boss Hogg
Bluefin has recruited Towergate’s Scotland and Northern Ireland regional managing director Kenny Hogg.
Willis returns to profit despite sliding operating income
Willis has swung back to profit in its latest full year results, 12 months after reporting a loss of $446m, in spite of a reduction in adjusted operating income.
Covéa recruits former RSA, Zurich, Axa underwriters
Covéa has recruited three senior underwriters from rival insurers in a bid to bolster its commercial lines unit.
Allianz takes 8.3% Bayern Munich stake
Allianz has agreed a deal for an 8.33% stake in Bayern Munich football club in a deal worth €110m.
Admiral extends reinsurance deals to 2016
Admiral has added an additional year to reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re, extending contracts to 2016.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Marsh reports 2013 profits up £91m
Broking giant Marsh has seen profits climb through 2014 to $1.45bn (£881m) for its insurance and reinsurance operations.
Market Moves - 13 February 2014
The movers and shakers in the insurance industry this week.
Aqua recruits Hiscox motor underwriting boss
High net worth specialist Aqua has recruited Hiscox’s head of motor underwriting.
Healthy Pets to enter white label market
Healthy Pets is set to provide white labelled pet insurance products to insurers and retailers on an affinity basis.
Swinton in Welsh language consultation
Swinton is to consult with the Welsh Language Commissioner following reports it requires staff to consult with customers in English.
Keycare promotes three to associate director roles
The UK’s largest provider of insurance for lost and stolen keys has promoted three of its 35-strong team to the roles of associate director.
Suisscourtage handed Lloyd’s broker approval
French insurance broker Suisscourtage has been given registration to serve as a registered Lloyd’s broker.