Articles by Mark Sands
RSA sees shares slide after ROE warning
RSA has seen its share slump in trading today after this morning warning that return on equity could tumble to below 10% following storm losses.
XL swoops for AIG’s Europe claims boss
XL has recruited AIG’s chief claims officer for Europe to replace the outgoing Graham Lambourne as head of international P&C claims.
Crawford sees Q3 global revenues drop as Thai flood claims taper
Adjusting giant Crawford has seen its total consolidated global revenues fall 3% in the third quarter of 2013, with the Europe, Middle East, Africa and Asia Pacific regions witnessing revenues tumbling by 12%.
Market Moves: UK General hires former BMW man and Sue Langley returns to industry
This week saw a surge of appointments among insurers, with fresh faces at AIG, Allianz and UK General. The latter swooped for a former BMW man to serve as schemes director, while others looked to more conventional sources. Former Lloyd’s and Hiscox boss…
IFB unveils three point rogue CMC plan
The Insurance Fraud Bureau has revealed a new three point plan for tacking for claims management companies involved in insurance fraud.
Arista recruits from Equity for credit control pair
Commercial lines underwriter Arista Insurance has swooped for a pair staff from Equity insurance for its credit control unit.
Aviva personal lines CUO Robinson returning to RSA
Aviva's personal lines chief underwriting officer Hayley Robinson is to return to RSA from next week, Post understands.
Hudson leaving Aviva for 'completely different' insurance role
Aviva’s broker performance director for intermediary and partnerships Sam Hudson is to depart the insurer next year.
Europe-wide Windstorm Christian losses could hit €1.3bn
Losses from a storm hitting Northern Central Europe could top €1.3bn according to latest estimates from Willis Re.
Simply Health axes IT and customer services directors
Simply Health has made two of its directors redundant in a restructure designed to show more customer focus, Post can exclusively reveal.
XL parts with claims head Lambourne
XL’s international P&C claims head Graham Lambourne has departed the insurer.
Energy laws may drive fake property claims says Crawford
Adjusting giant Crawford has warned that new rules on energy efficiency may drive landlords of vacant properties to make false property damage claims.
Markel recruits former EY UK audit head for non-exec role
Markel has appointed a former EY audit partner as a non-executive director, Post can exclusively reveal.
Grandmother facing jail after contempt conviction over injury claim
A grandmother could be facing a jail sentence after being found guilty of contempt of court for exaggerating the extent of a personal injury claim.
Gallagher sees Q3 group broker revenue climb 14%
Arthur J Gallagher revealed Q3 group brokerage revenues climbed 14% in figures filed with the US Securities and Exchange Commission yesterday.
Biba restructure reflects greater focus on engagement with membership
Regional membership divisions replaced by segment-based approach.
Insurers frustrated as MoJ defers increase in small claims track threshold
Justice Secretary confirms medical expert panels will be introduced for whiplash.
Chaucer promotes Blight to lead treaty practice
Lloyd’s insurer Chaucer has named Paul Blight to lead its recently launched treaty practice at Syndicate 1084.
Market Moves: Busy insurers make a raft of hires along with a number of key departures
Insurers led the way in a recruitment frenzy this week. AIG swooped for a head of commercial property, while Hardy acquired a property treaty business unit manager. There were departures too, with QBE’s Steven Burns announcing retirement from full time…
Saga appoints IPO advisor
Acromas-owned insurer Saga has appointed STJ Advisors ahead of a 2014 float.
Former Lloyd’s exec Langley to head UK Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
Former Lloyd’s exec Langley to head government Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
Hanks named Purple Partnership non-exec chair
Former Allianz Commercial boss Chris Hanks has been named non-executive chairman of Jelf-owned broker network Purple Partnership.
Gallagher purchases California-based broker
Arthur J Gallagher has completed a deal for GS Levine, a San Diego based insurance broker established in 1987.