Articles by Mark Sands
Post Audio Supplement - 11 July 2013
Too busy to read the magazine or website? Want a quick update on the latest news?
AJG swoops for Capita customer marketing boss
Arthur J Gallagher has recruited Capita Insurance Service’s head of customer markets to lead activity for its direct division.
Bluefin recruits for Leeds, Stockport business development
Axa-owned broker Bluefin has recruited two news business development directors to be based in its Leeds and Stockport offices.
European floods to cost insurers £3.3bn
The insurance industry will faces losses of €4bn (£3.3bn) following flooding across Central Europe are, with most of the claims coming in Germany.
European flood payout tops £3.3bn
Insured losses from flooding across Central Europe are estimated at €4bn (£3.3bn), with most of the claims coming in Germany.
France looking to insurers to boost lending
France’s finance ministry is to relax rules on insurer’s ability to lend, allowing firms to devote up to 5% of their balance sheets to corporate loans.
Generali takes control of Germany’s second-largest insurer
The Generali Group has struck a deal to purchase a minority stake in Generali Deutschland, taking it beyond a 95% holding and triggering a full buy out.
E&Y: Finance firms fight bribery better
Financial service firms are leading the way in battling corruption and bribery according to a study from Ernst & Young.
CEO Rowell departs Jubilee
Johnny Rowell, chief executive of Jubilee Group is to step down, replaced on an interim basis by the firm’s chief operating officer.
Foil sector focus teams to concentrate on property claims and retail
The Forum of Insurance Lawyers has created two new specialist sector focus teams, targeting property claims and the retail sector.
FSA bosses Sants and Turner paid £0.5m for gardening leave
The Financial Services Authority paid its former chief executive Hector Sants and chairman Adair Turner a total of £552 178 in compensation for being unable to take on another financial services role.
Add-on investigation highlights data opportunity: Sas
The enquiry into the selling of add-on products should prompt insurers and brokers to better utilise data in offering products to consumers according to Sas head of insurance Martyn Kyle.
Lloyd’s names high tax as top European business threat
European executives are risking short-termism according to Lloyd’s chief executive Richard Ward, with high taxation now seen as the number one threat to European business.
United India cleared on market abuse claims
India’s competition commission has rejected claims of abuse of dominance against United India Insurance and its third party administrator E-Meditak in medical insurance market.
Indian regulator ramping up analytics focus
India’s Insurance Regulatory and Development Authority is to launch a new information office for the collection and analysis of data from insurers, according to reports.
Biba bolstered by 2012 subs growth
The British Insurance Brokers Association has reported boosted turnover for the year ending 31 December 2012, with subscriptions climbing almost £200 000.
Wheatley to declare FCA will be “a very different animal”
Financial Conduct Authority chief executive Martin Wheatley will today pledge to the Association of British Insurers that the new regulator is “a very different animal to the Financial Services Authority.”
L&G's Wilson: Insurers must invest in housing
Legal and General group chief executive Nigel Wilson has called on the insurance industry to help mitigate the UK’s housing problems by investing in the sector, while also helping to match long term assets.
ABI calls for industry, government partnership
The Association of British Insurers is to ask the UK government for more regular and constructive partnerships, reflecting the growing role of insurers in society.
Axa finds business crimes down 14%
Crimes committed against UK business fell after two years of consecutive increases according to figures released by Axa today.
Premier Choice CEO Izzard passes away
Mike Izzard, chief executive of healthcare intermediary Premier Choice Group and former president of the Association of Medical Insurance Intermediaries, has died.
Ancile founder launches Medical Travel Compared
The man behind travel insurer Ancile have launched a new price comparison site on travel cover for people with pre-existing conditions.
Ping An closes puchase of Lloyd’s building for £260m
The Lloyd’s building has been sold by present owner Commerz Real to a Chinese insurer in a deal worth £260m.
Lloyd’s building sold in £260m Ping An deal
The Lloyd’s building has been sold by present owner Commerz Real to a Chinese insurer in a deal worth £260m.