Articles by Mark Sands
Drive Assist calls in the liquidators
Zolfo Cooper has been named liquidators for credit hire firm Drive Assist almost two years after the business first entered administration.
Beazley launches political violence cover for UK businesses
Beazley has expanded its Lloyd’s developed political violence cover, making it available for UK businesses across the world.
General insurance second only to PPI in H1 2013 FCA complaints
Payment protection insurance and other insurance products were the two most complained about products categories in the first half of 2013, according to the Financial Conduct Authority.
Talk of Expectrum shareholder action group rubbished by market insiders
Shareholders unlikely to receive payouts from Giles sale to Gallagher.
Generali unveils EMEA and Latin America units
Generali is to simplify its global structure by creating two new business regions, Europe, Middle East and Africa, and Latin America.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.
Market Moves: Zurich departures and Tripp’s return top what has been a busy week for the market
It was a busy week for insurers seeking to bolster their numbers, with HSB, Avanti and Sterling among the firms to bring in new faces. Zurich, however, may have made the most significant announcement in the form of the departures of two of its broker…
Up to 600 jobs at risk following L&G restructure
Legal and General has warned that it may cut up to 600 jobs following the merging of its savings and annuities and protection divisions.
Kiln offers discounted cover for unmanned aerial craft
Kiln has partnered with aviation training specialist Resource UAS to offer reduced pricing on hull and liability covers for remote piloted aerial crafts.
ABI unveils rehab insurer panel
The Association of British Insurers has revealed the make up of a new rehabilitation panel to provide a unified voice for insurers.
Bexhill inks four brokers finance deals
Premium finance firm Bexhill has completed agreements with four brokers based in Bristol, East Anglia, London and Wales.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Cunningham Lindsey grows pre-tax profits 40% in 2012
Loss adjuster Cunningham Lindsey has reported steeply rising pre-tax profit for the year ending December 31 2012, hitting a total of £13.6m for the twelve months.
Market Moves: Retirement of high-profile trio among week’s major moves as RSA and Axa add new staff
This week was dominated by big-name departures from the insurance industry, with retirements at Axa, McLarens and Cunningham Lindsey. The exits of Max Carruthers, Trevor Latimer and Gerry Loughney stand out as the biggest moves in a week in which RSA and…
LMA backed by London market members
The Lloyd’s Market Association has received a vote of confidence from London underwriters, chief executives and other market members.
HSB recruits from Aviva for construction lead
HSB Engineering has swooped for Aviva’s trading underwriting manager in construction, power and engineering.
Ascot recruits Navigators underwriter for marine account
Ascot Underwriting has appointed a Navigators senior underwriter to take on the role of senior vice president in New York.
Sterling recruits former Axa Manchester boss Hodgin
Sterling insurance has recruited Simon Hodgin to serve as its new divisional manager for the northern regions.
Hudson admits more can be done by Aviva to win brokers over
Aviva’s broker performance director Sam Hudson is convinced that new UK general insurance chief executive Maurice Tulloch will prove invaluable in securing greater engagement with brokers.
Cunningham Lindsey names Neill principal business interruption specialist
Loss adjuster Cunningham Lindsey has named Andrew Neill as its principal specialist for business interruption with immediate effect.
Arthur J Gallagher files £13m pre-tax profit for 2012
Arthur J Gallagher has revealed a pre-tax profit of £13.1m for the year ending 31 December 2012 in figures filed with Companies House this week.
Gallagher blames expenses for Heath Lambert's £17m 2012 pre-tax loss
Gallagher-owned broker Heath Lambert was hit by a loss of £16.9m in 2012 following increased expenses, which are likely to continue through this year.
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.