Articles by Mark Sands
Gable records 67.4% 2012 COR
Lichtenstein-based Gable has scythed its combined ratio to 67.4% in its full year results for the calendar year 2012, beating its’ restated 2011 figure of 78.8%.
Invicta picks up Stackhouse personal portfolio
Kent broker Invicta is set to acquire a portfolio of personal lines business from Stackhouse Poland.
Insurers back “first step” Flood Re announcement
The UK’s largest general insurers have expressed delight at the announcement of a deal on flooding cover for UK homes.
Mitsui Sumitomo sees Lloyd’s syndicate profits climb 50%
Pre-tax profits at Mitsui Sumitomo’s Lloyd’s syndicate climbed from £11.99m to £18.05m in 2012, up 50%.
McLarens targets Asia Pacific expansion with Chinese adjusting hire
Loss aduster McLarens has recruited a permanent China resident FCILA-qualified adjuster to lead business in the country.
McLarens swoops for China resident FCILA adjuster
Loss aduster McLarens has added to its Chinese presence with the recruitment of a China resident FCILA-qualified adjuster.
Emerging markets key to sustaining global non-life growth: Swiss Re
Non-life Insurance premiums increased globally by 2.6% to $2bn in 2012 according to a study from Swiss Re, but emerging markets will be key to maintaining that growth, the reinsurer said.
Global non-life premiums up 2.6%: Swiss Re
Non-life Insurance premiums increased globally by 2.6% to $2bn in 2012 according to a study from Swiss Re, which said emerging markets growth will be key to sustaining momentum.
Aqua relaunches HNW home wordings
Aqua Underwriting has moved to revitalises its high net worth home wordings to enhance cover, expanding the range of risks protected.
Shipping collaboration generating insurance opportunities
Wider collaboration between shipping companies could provide opportunities for insurers after the formation of an operational alliance that will see three firms share capacity on Trans-Atlantic, Trans-Pacific and Asia-European shipping lanes.
Fitch raises Lloyd’s outlook to positive
Lloyd’s has seen its Fitch ratings affirmed with an improved outlook, climbing to positive from stable after the rating agency noted reduced earnings volatility.
IFoA president calls for “ramped up” role for actuaries
Actuaries can play an increased role in business and public policy, the incoming president of the Institute and Faculty of Actuaries has said.
Golf injury liability settlement reached
Lawyers acting for a Scottish golf club and two players have reached a last minute settlement after a liability dispute looked set to reach the Supreme Court.
MGAA elects UK General boss Hubbard
UK General group chief executive Peter Hubbard has been elected to the board of the managing general agents’ association, alongside RSA MGA director Tom Downey.
RSA recruits wholesale banking boss for non-exec role
RSA has recruited Standard Chartered’s wholesale banking chief operating officer to its board, with effect from 1 September.
CII reviewing corporate chartered standards
Chartered titles held by firms could be under threat after the Chartered Insurance Institute announced plans to review eligibility criteria.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.
Liberty Mutual forms aviation consortium with Ace & Hiscox
Liberty Mutual Insurance Europe is to work with Ace Global Markets and Hiscox in a consortium for aviation cover.
UK banks told to raise £27bn
Figures from the Bank of England’s financial policy committee show a shortfall of £27.1bn in capital held by five UK financial institutions, half of which were at Royal Bank of Scotland.
German floods could cost insurers up to €5.8bn
Historic floods in Germany are likely to generate insured losses of between €4bn and €5.8bn according to AIR Worldwide.
CII "well placed" help to improve banking standards
The Chartered Insurance Institute is “well placed” to help improve standards in the banking sector, according to chief executive Sandy Scott.
RSA appoints CET for home emergency services
RSA has signed up claims specialist CET to provide home emergency services to customers.
AGCS targeting Russian growth with new chief
Allianz Global Corporate & Specialty has targeted Russia for growth, appointing its head of underwriting co-ordination in growth markets as country manager for Russia.
Mills & Reeve swoops for DLA Piper insurance team
Lawyers Mills & Reeve has recruited a nine-strong defendant insurance team from DLA Piper for its Birmingham office, effective from 1 July.