Articles by Mark Sands
RSA bids forecast as shares plummet 20%
RSA will face acquisition bids if its share price falls too far according to Shore Capital analyst Eamonn Flanagan.
Higos expands grad scheme
High street broker Higos is to grow its graduate training scheme after a successful first year.
Kennedys and Simpson & Marwick axe merger plans
Law firms Kennedys and Simpson & Marwick have cancelled plans to merge citing “complex reasons”.
Cunningham Lindsey boosts claims productivity 20% with iPad tools
Adjusting giant Cunningham Lindsey expects claims handling productivity to soar after introducing new tablet software in January next year.
Adjusters sceptical over ‘organic growth’ plans after Davies seals Garwyn deal
Sources say Davies CEO Saulter’s background points to further M&A activity.
Chilton tipped to help Gallagher overcome previous reinsurance failings
‘Challenger brand’ expected to benefit from former Benfield CEO’s expertise.
Dutch non-life market “stable” says Fitch
Non-life insurers in the Netherlands face a stable environment in 2014, in spite of continued pressure on the health market.
Barbon finance boss to depart in 2014
Barbon finance director Kevin Withington will leave the broker early next year after turning down the opportunity to relocate to Lincoln.
Gorkana founder backs insurer network
Insurance social network My Slipcase has gained backing from the founder of public relations site Gorkana, less than 18 months after launching.
Market Moves: Southern Rock swoops for Brightside staff plus new roles for Gienal and Carruthers
This week saw insurance group Southern Rock grab the headlines when Post exclusively revealed the insurance group, parent of Go Skippy, had swooped for five staff at Brightside. Also hiring this week were Covéa, while Zurich UK found itself a vacancy…
RIIG announces administration plans
Claims provider Resources In Insurance Group will appoint an administrator after conceding it will not be able to meet tax bills.
Miller boosts non-marine treaty offering with Willis Re hire
London broker Miller has recruited a former regional director at Willis Re to strengthen its reinsurance offerings.
NCI boosts dividend by 20% after strong half
Service provider NCI Vehicle Rescue has pledged an interim dividend of 0.6p per share, up 20% from last year, after seeing pre-tax profits climb 21.3%.
Saulter pledges organic growth focus after Garwyn buy
Davies chief executive Dan Saulter says his business will focus on growing through contract wins and recruitment rather than acquisition after it today sealed a deal to acquire Garwyn.
Davies confirms Garwyn acquisition
Davies has confirmed a deal to acquire specialist loss adjuster Garwyn.
Axa COO Carruthers Joins Acturis
Max Carruthers, chief operating officer of Axa commercial lines and personal intermediary, has joined the board of IT provider Acturis as a non-executive director.
Davies inks Garwyn deal
Loss adjuster Davies last night completed a deal to acquire Garwyn, Post understands.
IFB names Riverstone claims manager as head of ops
The Insurance Fraud Bureau has recruited Riverstone Insurance’s claims intervention manager to serve as its new head of operations.
Market Moves: Hiscox bolsters its underwriting team as a multitude of insurers make fresh hires
It has been a busy week for recruitment, with insurers picking up staff to lead operations old and new. Hiscox was among the bigger movers, recruiting three new underwriting staff, while Allianz brought in Neil Brettell to replace the promoted Jon Dye…
Claims Club: Insurers unconcerned by St Jude storm losses despite high-profile buildup
The scale of the St Jude Day storm in the UK has been described as greatly exaggerated by claims bosses, who have played down the lasting industry impact of the much‑publicised weather event.
Towergate tipped to escape with FCA ticking off after misallocation of £15m
Auditor KPMG could find itself in the firing line for failing to spot error.
KPMG audited Towergate throughout client money failures
Big four professional services firm KPMG served as Towergate’s external auditor during a four year spell in which the broker misallocated £15m.
Markerstudy closing Capita purchases on Wednesday
Markerstudy has received regulatory approval for its purchases of BDML Connect, Lancaster Insurance Services, Delta Underwriting Agency, Hero Insurance Services and Sureterm Direct.
Cunningham Lindsey targeting 20% annual growth in TPA turnover
Loss adjuster Cunningham Lindsey is hoping to boost UK turnover from third party administration services by 20% year-on-year for the next four years.