Articles by Mark Sands
Hodges plays down client money problems at Towergate
Towergate chief executive Mark Hodges has said that client money failings, which saw the broker misallocate £15m of client and insurer funds over four years, will have little impact on the business.
Towergate YTD earnings dip 3% as network earnings half
Operating earnings at Towergate have tumbled 3% for the first three quarters of the year, dipping from £120m to £116m.
Brightside boss Holman moves to Markerstudy
Markerstudy has recruited Brightside chief executive Martyn Holman to serve as its group commercial director from January.
Covéa recruits from Davies for household claims lead
Covéa has swooped to appoint Davies Loss Adjusters’ operational delivery manager as its new home claims service manager.
Canopius announces claims units reshuffle
Canopius has moved to align its claims operations more closes with its three business units of global property, global specialty and UK retail, including announcing an internal promotion for the role of UK retail claims head.
Hellman & Friedman picks up Applied Systems in $1.8bn deal
Private equity backer Hellman & Friedman has completed a $1.8bn deal to acquire Applied Systems, the software house behind Insurecom.
R&Q unveils Birmingham office boosted by Catlin hires
Randall & Quilter has opened the second UK regional office for its specialist managing general agent platform, based in Birmingham, with two underwriters recruited from Catlin.
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Market Moves: Big moves among brokers as Lyons and Trott re-emerge in new roles
A hectic spurt of recruitment this week saw some top-level moves at some of the UK’s largest brokers, with Gallagher recruiting an RSA account manager to help run sales in Scotland and Northern Ireland. Meanwhile. the Scottish broker’s former managing…
Ageas undertaking household claims investigation
Ageas has asked its household suppliers to contribute ideas on how to improve its claims services, Post can reveal.
CEO Carlier departs Cooper Gay Re after six months
Cooper Gay Re chief executive George Carlier has departed six months after joining.
Xchanging secures new London home
Technology provider Xchanging has confirmed a new address for the business in London, ending a search for a new base launched by plans to demolish buildings in Leadenhall St for a new skyscraper.
Routine weather fluctuation could hit EU economy for €406bn
New figures from Allianz Global Corporate and Specialty have revealed that even mild changes in weather could hit EU businesses hard, forecasting an average annual impact of €406bn
Routine weather fluctuation could hit EU economy for £346bn
New figures from Allianz Global Corporate and Specialty have revealed that even mild changes in weather could hit EU businesses hard, forecasting an average annual impact of £346bn.
Manchester Underwriting acquires Senior Wright Indemnity
Specialist MGA Manchester Underwriting has inked a deal to purchase Lloyd’s broker Senior Writing Indemnity.
Hiscox unveils star footballer injury cover
Specialist insurer Hiscox has launched a product to protect football clubs against illness or injury to star players.
Money Supermarket chief welcomes FCA review
A regulatory review into price comparison sites has been welcomed by Money Supermarket chief executive Peter Plumb.
AA boss Strong moves to Saga
AA chief executive Andrew Strong is to move to sister company Saga from 1 December, with a replacement expected to be confirmed by the end of Q1 next year.
Aon UK chief Christian elected to Lloyd's council
Aon UK chief executive Dominic Christian has been elected to the Council of Lloyd’s for a three year term starting in February next year.
Lemma finance boss helped to supply 'false' returns
An investigation by Gibraltar’s Financial Services Commission has condemned the conduct of Lemma Europe’s de factor finance manager, finding he participated in filing returns which falsely indicated the insurer was complying with solvency requirements.
FCA plots price comparison review
The Financial Conduct Authority has launched a thematic review of price comparison sites, raising fears that consumers may not be securing adequate coverage.
Esure promotes risk head Boland to CRO role
Esure has replaced retiring chief risk officer Andrew Whitehouse with its head of risk.
Devine returns with Hubbard-backed broker
Former Ageas retail commercial director Brendan Devine is to launch a new motor panel broker in the first quarter of next year with UK General chief executive Peter Hubbard serving as a non-executive director.
BGL brands aim to double commercial vehicle base by 2015
Budget Insurance and Dial Direct are aiming to double their base of commercial vehicles over the next 14 months.