Articles by Mark Sands
Argo International unveils environmental impairment product
Lloyd’s insurer Argo International has launched a new product to cover environmental impairment liabilities.
“Over complication” holding back London market
Over complicated processes and lack of customer connections are preventing the London market from improving claims processes according to a study from Gracechurch Consulting.
RSA’s Brown weeks away from appointing Ireland CEO
RSA hopes to complete the recruitment of a new Ireland chief executive imminently, according to UK and Western Europe chief executive Adrian Brown.
RSA taking advice on action against Deloitte over Ireland accounts
RSA is taking advice on whether it can pursue action against Deloitte for approving accounts in Ireland that were later found to include inaccurate and misleading information created by “inappropriate collaboration” between senior executives.
RSA receives 'a clean bill of health' following PWC investigation
A PWC investigation into failing in RSA’s Ireland business has handed the insurer “a clean bill of health” according to Shore Capital analyst Eamonn Flanagan.
PWC blames RSA Ireland woes on 'inappropriate collaboration' between execs
An investigation by PWC has pointed the finger at a small number of senior executives for claims and reserving issues in RSA's Ireland business.
No job cuts planned following RSA broking merger
RSA will not look to cut staff numbers after merging its affinity and personal lines broker divisions into a single unit.
RSA merges affinity and PL broker units
RSA is to create a single UK personal intermediated unit, bringing together its affinity and personal lines brokers teams, with personal broker boss Jill White exiting.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Penny Black's Insurance Week
While Penny enjoyed snuggling down in front of the fire with a bottle of sherry and a big box of champagne truffles to watch Downton Abbey this Christmas, she was less obsessive about festive film viewing than the Towergate office, where one member of…
Market Moves: 9 January 2014
Ecclesiastical, LV, Ageas, Zurich and Torus are among the insurers recruiting this week, while Willis, and Arthur J Gallagher are the brokers making moves.
Biba names Lord Hunt as chairman
Lord David Hunt of Wirral has been named as the new chairman of the British Insurance Brokers’ Association, replacing Andy Homer.
Brokerbility wraps up Fehnert acquisition
Brokerbility has confirmed a deal to acquire East Midlands broker Fehnert, as well as recruiting a new member to its broker group in the South West.
Lonmar picks Q360 casualty boss for P&C MD role
Lloyd’s broker Lonmar Global Risks has recruited Q360’s head of casualty to helm a combined P&C division.
RSA shares up 6% at close after investigation reports
RSA’s share price has climbed 5.75% over the course of Monday’s trading following reports this weekend that a PWC investigation will conclude issues in its Irish business remain isolated.
Axa retains top spot in AM Best insurer rankings
French insurer Axa has held on to the top spot in the AM Best ranking of largest insurers by net premiums written, with Allianz climbing into third place.
FCA planning Co-op Bank probe
The Co-operative Bank is facing a Financial Conduct Authority, the regulator revealed today.
ECIC targeting self-build homes with Sennocke deal
Niche insurer Electrical Contractors Insurance Company has prepared for a forecast spike in numbers of self-build and custom build homes in the UK with a deal to underwrite Sennocke’s specialist self-build site insurance product.
France declares state of natural catastrophe on Reunion Island
A deadly cyclone has seen France declare a state of natural catastrophe on the Indian Ocean territory of Reunion Island.
Alternative reinsurance capacity 'here to stay' after record 2013 ILS issuance
Insurers will continue to find plentiful reinsurance capacity for property-catastrophe risks following rate reductions secured in the January 2014 renewals, according to Guy Carpenter.
Sheffield broker backs 'man of steel' project
IFM Insurance has agreed to back a plan for a £30m landmark sculpture in Yorkshire.
Storms hit German insurers for €7bn
Floods and hailstorms through 2013 are set to cost German insurers almost €7bn according to the German Insurance Association.
Environment Agency warns of 'danger to life' in 21 flood zones
The Environment Agency has issued 21 severe flood warnings across the UK , noting that storms hitting the UK could threaten lives locally.
FM Global EMEA chairman Davey retires
FM Global’s Ken Davey, chairman of the Europe, Middle East and Africa division, has retired after 40 years with the insurer.