Articles by Mark Sands
Axa to lend €10bn for infrastructure in diversification push
French insurance giant Axa is planning to lend €10n to projects over five years in a bid to expand its infrastructure debt holdings, according to reports.
RSA renews Motability deal with six-month pricing clause
RSA has renewed largest commercial lines contract, having secured the option to re-price policies every six months.
Former Carole Nash director unveils Girls Drive Better telematics
Former Carole Nash commercial director Simon Jackson has pulled back the curtain on a new telematics offering focusing on 17-25 female drivers.
Post Audio Supplement - 13 June 2013
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Charles Taylor targeting UK adjusting growth
Charles Taylor is looking to expand adjusting operations in the UK company market group, chief executive David Marock told Post today.
Experian launches ‘no claims’ validation database
Technology firm Experian has unveiled a new database to ease the process of insurers checking a declared ‘no claims’ history.
Hiscox names Pinchin as reinsurance CEO
Hiscox has appointed its Bermuda chief executive Jeremy Pinchin as the leader of its newly combined reinsurance businesses.
L&G blocked on CFO appointment
Legal and General have been barred from appointing their choice of chief financial officer, according to reports.
Giles parent reports £40m loss as debts continue to grow
Expectrum, the parent of broker Giles, has reported a pre-tax loss of £39.5m for the year ended 31 August 2012, alongside climbing net debts.
MoJ unveils CMC investigation site
Potential claimants are now able to check on the track record of claims management companies following the launch of a new Ministry of Justice website.
Charles Taylor recruited by Brit for claims services
Brit has become the first insurer to sign up for a new bespoke claims management service provided by Charles Taylor, Taylored Claims Management.
Cunningham Lindsey cuts Morse, Lansdown from liability division
Loss adjusting giant Cunningham Lindsey has made two senior members of its liability services division redundant after an efficiency drive.
Manchester Police backtrack on unsecured burglary plans
Greater Manchester Police have backtracked on comments from chief inspector Steve Macfarlane that the force will automatically inform insurers where burglaries occur at unsecured properties.
May US storms to cost insurers $4bn: Aon Benfield
Storms which ravaged the US through May are likely to cost the insurance sector as much as $4bn according to Aon Benfield’s cat model centre.
Bought By Many and Petplan combine on pug-napping cover
Increasing numbers of pug thefts and prevalent health problems have driven Brought By Many and Petplan to launch special cover for the breed.
Biba backs raised penalties for uninsured drivers
Increased fines for uninsured drivers have been welcomed by the British Insurance Brokers Association.
Manchester Police to inform insurers if burglary victims at fault
Insurers may be automatically informed if a burglary occurs at an unsecured property under new plans from Manchester police.
European insurers failing to diversify in investment: report
Most insurers only allocate up to 3% of their investment portfolios to alternative assets, according to a report from Axa Investment Managers and the Boston Consulting Group.
Foreign insurers set for 4% China market share by 2018
The Chinese market could see non-domestic insurers’ market share quadruple over the next five years according to Ernst & Young.
Royal London members back Co-op life deal
95% of Royal London members have today voted in favour of the mutual’s acquisition of the Co-operative Banking Group’s life insurance and asset management business.
Property Claims 2013: Insurers told to go Down Under
Insurers could boost the industry’s reputation by imitating the Australian model of working closer together to tackle catastrophic claims surges, according to John Pyall, head of Munich Re’s Great Lakes facilitated claims unit.
Property Claims 2013: Property profitability under threat, says LV boss O’Roarke
Comparison sites and building practices pose problems
Property Claims 2013: Industry gives its backing to Flood Re model
A panel has backed the Association of British Insurers’ Flood Re scheme to replace the Statement of Principles, while warning that a return to an open market situation remains a possibility.
Heavy rain causes “record” Central European flooding
Floods wracking Germany, Austria and the Czech Republic are the worst for 70 years according to catastrophe modeller AIR Worldwide.