Articles by Mark Sands
LV investment boss Mayall departs
LV’s chief investment officer Wendy Mayall has left the insurer just over a year and a half after arriving.
Liberty Syndicate non-exec Youell retires
Richard Youell has retired from his role as non-executive direction of Liberty Syndicate management, with former Allianz boss Chris Hanks replacing him.
FCA warns on Money Supermarket adverts
The Financial Conduct Authority has slammed a recent campaign by price comparison site Money Supermarket over claims on saving customers cash.
Catastrophe reinsurance premiums down 11%
Rates for property-catastrophe reinsurance tumbled 11% in 2014 renewals figures from Guy Carpenter revealed.
Christmas storms unlikely to halt sliding premiums
Storms which battered the UK over the Christmas period are unlikely to contribute to reversing tumbling home and motor premiums according to the AA.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward
Lark buys £40k CR Goddard book
Lark has purchased a small book of predominantly private client business from East Sussex broker CR Goddard.
RSA’s A- S&P rating “seriously at risk”
RSA may be facing a further downgrade from rating agency Standard and Poor’s putting the insurer’s most significant operations outside the range of many of its business partners.
KPMG: Competition Commission reforms superseded by price battles
A combination of technological change and competitive market forces will likely exert greater pressure on the cost of motor insurance than reforms proposed today by the Competition Commission, according to KPMG.
Best XI: Gary Humpreys Markerstudy
Markerstudy group underwriting director Gary Humphreys selects his best XI for an insurance company start-up. The team is made up of the crème de la crème of the industry, with Markerstudy group chief executive Kevin Spencer leading the side to victory.
Market Moves: Firms hopeful new hires will be Christmas crackers as recruitment enters festive frenzy
The insurance industry has sought to get its Christmas shopping done early, bringing home a number of presents for clients this week. Aviva tied a ribbon around Fraser Edmond, who replaces Sam Hudson as broker performance director, Zurich unwrapped Tim…
Mobile phone cover complaints down 20%: Ombudsman
Complaints on mobile phone cover have dropped by a fifth for the year to date according to the Financial Ombudsman Service, which has paid tribute to willingness from insurers to collaborate on complaints.
Zenith teams with Broker Direct on household cover
Broker Direct has inked a deal for Zenith to underwrite all of its Home Options business from 2014.
DVLA cuts insurance checks on tax renewals
Motorists will no longer need motor insurance policies to be checked when getting their vehicle tax after changes by the Driver and Vehicle Licensing Agency.
Senior Wright Indemnity to rebrand as MGB following sale
Lloyd’s broker Senior Wright's indemnity business will change its name to MGB Insurance Brokers following its acquisition by Manchester Underwriting.
Zurich swoops for Swiss Re CFO Quinn
Zurich Insurance has confirmed the recruitment of Swiss Re’s chief financial officer with effect from May 2014.
Crawford surveyors receive RICS accreditation
Adjusting giant Crawford & Company has seen its surveying services division handed accreditation by the Royal Institute of Chartered Surveyors.
LAS targeting claims response times with scheduling software
LAS Claims has unveiled new scheduling software that it boasts will radically improve claims response times.
Torus expanding Lloyd’s syndicate in 2014
Specialty insurer Torus is to grow its Lloyd’s syndicate 1301 next year after having its business plan approved by the London market’s authorities.
Lloyd's names Canopius’ Beale as chief executive
Lloyd’s has named Canopius chief executive Inga Beale as its new chief executive, replacing Richard Ward from January 2014.
Lloyd’s CEO announcement expected Monday
Lloyd’s is set to name its new chief executive on Monday, Post understands, with Canopius group chief executive Inga Beale the front runner for the role.
RSA will pay Lee £824k through 2014
Former RSA chief executive Simon Lee will be paid £824 000 in monthly installments over the course of 2014 as part of the terms of his resignation.
Lee speculation took its toll on staff, claims RSA UK boss Brown
RSA UK and Western Europe chief executive Adrian Brown has maintained that although speculation on the future of Simon Lee hit staff at the insurer, service levels remained unaffected.