Articles by Mark Sands
SRA launches unrated insurer ban consultation
The Solicitors Regulation Authority is to consult on a potential bar on professional indemnity insurers rated below B on financial strength.
Ecclesiastical bolsters regional presences
Ecclesiastical has moved to strengthen its regional hubs, migrating underwriting, customer service and broker relationship management into centres closer to partners.
Fraud reports climb 32% to record levels
Record numbers of people have reported insurance fraud schemes through 2013 according to figures released today.
NIG's McCormick heads Barbon management restructure
Barbon has completed a restructure of its leadership, Post can reveal, with NIG's commercial manager Derek McCormick incoming as underwriting director.
Riskier investments may hit ratings warns Fitch
Increasingly risky investments by European insurers could see the firms suffer in their ratings, Fitch has warned.
Admiral swoops for former Phoenix Group CRO
Admiral has recruited the former chief risk officer of pension fund consolidator Phoenix Group to serve as a non-executive director and risk committee chair.
Markel acquires Abbey Protection
Markel Corporation has completed a deal to acquire legal expenses insurer Abbey Protection after being granted approval by courts.
Cunningham Lindsey opens Chiang Mai office
Loss adjuster Cunningham Lindsey has opened its fourth office in Thailand situated in Chiang Mai.
AIG names banking boss who quit over "hostile environment" as non-exec
AIG Europe has boosted its board with a trio of appointments, including a former Banque AIG boss whose resignation in 2009 almost triggered crisis at the insurer.
NFU Mutual recruits former Scottish Life boss as non-exec
NFU Mutual has appointed former Scottish Life group chief executive Brian Duffin to serve on its board of directors, Post can reveal.
AIG handed chartered status
AIG has become one of 24 firms to have been awarded chartered insurer status by the Chartered Insurance Institute.
RSA weighs up fund-raising options as it seeks to avoid rating downgrade
Insurer facing potential £35m fine and may need to raise up to £300m in capital.
Marsh boss raises doubts over customer benefit of quota share deals
Marsh UK and Ireland chief executive Mark Weil has admitted that doubts remain over the customer benefits of quota share deals, such as the arrangement made last year between Aon and Berkshire Hathaway.
Market Moves - 16 January 2014
Beazley and LV Broker were among the insurers making changes to personnel this week, while Towergate featured among the brokers making moves.
Kingsbridge sells minority stake to private equity firm
Insurance broker Kingsbridge Risk Solutions has sold a minority stake to Isis Equity Partners, in a deal preserving the structure of the business.
Towergate completes triple acquisition
Towergate has inked deals to acquire Canworth Commercial, Irvine Insurance Services and John Fairley Insurance.
Dual recruits from Jubilee for European business development boss
Hyperion-owned Dual has recruited Jubilee’s group head of marketing for a role as director of European business development.
RSA facing potential £35m fine from Irish regulator
RSA could still be hit with a £35m fine as the Central Bank of Ireland continues its investigation into the control failures in the insurer’s subsidiary.
Costa Concordia removal operation set for June
Stricken cruise liner the Costa Concordia will be taken away for scrapping in an operation beginning in June.
Howden recruits trio to pilot aviation division
Hyperion-owned insurance broker Howden has recruited two from Gallagher and a further specialist from Marsh to bolster its aviation unit.
Covéa insourcing Cunningham Lindsey property and liability claims
Covéa is taking management of all property and liability claims in-house, moving work away from adjusting giant Cunningham Lindsey, Post can reveal
Marketform recruits Novae’s Bellanca to PI team
Specialist Lloyd's insurer Marketform has recruited Novae’s professional indemnity specialist Antonio Bellanca.
Brimecome to chair united Tokio Marine Kiln
Tokio Marine and Kiln have this week been shown the green light to complete the creation of a combined entity with Ian Brimecome serving as chairman, Post can reveal.
RSA shares inch down after PWC blames execs for Ireland woes
Shares in RSA have dropped marginally 2.73% in the first full day of trading after a PWC report concluded that a small group of executives were to blame for claims and reserving errors in its Irish unit.