Articles by Mark Sands
Vienna Insurance acquires Moldovan insurer
Vienna Insurance Group has inked a deal to acquire a 94% stake of Moldovan insurer Donaris Group.
Axa targets home, motor and commercial vehicle for data enhancement
Axa is collaborating with Lexis Nexis to bring more data and analytics to its home, motor and commercial vehicle books.
Windstorm Dirk losses estimated at €275m
Storms which rampaged across the UK and France from 23 December to 25 December are to cost insurers €275m, according to data from Perils.
Biba recruits Reid and Blanc to lead large broker board
The British Insurance Brokers’ Association has named Bluefin executive chairman Stuart Reid and Oval chief executive Peter Blanc as chairman and deputy chairman, of its larger broker advisory board, respectively, Post can reveal.
Aon boasts of 'strong finish' to 2013 with profits up 12%
Broking giant Aon saw its 2013 net income climb 12%, in spite of limited movement in broker revenues.
Ageas unveils broker advertising campaign
Ageas has pulled back the curtains on a new advertising campaign aiming to showcase its bolstered product range after the integration of Groupama.
DLG to launch legal services from March
Direct Line Group has been granted regulatory approval to launch a new legal services division as an alternative business structure.
Ace names Axa’s Brionne as Iberia president
Ace has recruited Axa’s property-casualty programme director for northern, central and eastern Europe to lead its own operations in Iberia.
LV Broker recruits DLG underwriting manager
LV Broker has swooped for a Direct Line Group portfolio underwriting boss to serve as its new technical underwriting manager.
RSA UK & Europe finance boss heads to energy sector
RSA’s UK and Western Europe finance director is to leave the insurance industry, moving to a Wiltshire-based energy company.
R&Q promotes Morris to US captive CEO
R&Q has named Rod Morris as chief executive of its US captive operation, Quest USA.
Bollington recruits from Circle for sales and affinities boss
Bollington has recruited Circle Insurance sales director Neil Newman to lead its commercial sales and affinities business.
Swinton recruits former Direct Line MD Moat as non-exec
Swinton has named former Direct Line motor managing director Chris Moat as a non-executive director, Post can reveal.
Private sector contributes 25% of flood defence partnership funding
Private sector funding has generated £37m for flood defences according to a report from the Guardian.
Ace recruits from Sportscover for UK & Ireland environment underwriter
Ace has recruited a former sports and leisure underwriter to bolster its environmental risk division.
W B Baxter achieves chartered status
Essex broker W B Baxter has been awarded chartered insurance broker status by the Chartered Insurance Institute.
Axa Ireland handed Moody's upgrade
Axa’s Irish general insurance operation has been upgraded by Moody’s to an Insurer Financial Strength Rating of A2, with a stable outlook.
AIG bailout lawsuit dismissal upheld
A US court has upheld a verdict dismissing a lawsuit from Maurice “Hank” Greenberg challenging the Federal Reserve Bank of New York bail out of AIG in 2008.
Markham recruits UN specialist for kidnap push
High net worth broker Markham Private Clients has appointed a European Parliament and United Nations risk specialist to head up a new kidnap and ransom facility underwritten by AIG.
North England P&I to merge with Sunderland Marine Mutual
North of England P&I and Sunderland Marine Mutual Insurance look set to create a P&I giant after members agreed to merge.
Miller recruits XL Re’s Poon to head Asia claims
Insurance and reinsurance broker Miller has appointed XL Re’s claims manager to lead its claims operations in Asia.
Insurers faced 300 fewer Ombudsman complaints last quarter
Latest figures from the financial ombudsman show complaints relating to general insurance products, excluding payment protection cover, dropping to 6141 for the three months to 31 Dec.
Gallagher integration costs climb £3m in 2013
The total cost Gallagher of integrating 30 acquisitions including Giles and Bollinger rose by almost 25% over the course of 2013, costing the broking giant $24.1m (£14.5m)
SRA kicks off unrated insurer consultation
The Solicitors Regulation Authority has formally opened an eight week consultation on barring unrated insurers from providing professional indemnity cover to regulated firms.