Articles by Mark Sands
Ventris takes Cunningham Lindsey London market role
Former Argent managing director Neil Ventris has been appointed as Cunningham Lindsey’s new London markets director.
Ventris heads to Cunningham Lindsey as Argent appoints new MD
Cunningham Lindsey has recruited Argent Liability Adjusters managing director Neil Ventris, Post can reveal.
Lack of cat data generating "flawed" models: Marsh
Insurers are spiking premiums where businesses are generating “flawed” modelling because of limited information on supply chain and property risk exposures, according to Marsh.
Giles reports 2012 Ebitda up 3%
Independent broker Giles has reported increased earnings for the year to 31 August 2012, driven by new business launches and an acquisition.
Lorica COO Godbold on gardening leave
Stephen Godbold has left insurance broker Lorica and is currently serving gardening leave.
Cunningham Lindsey promotes two in management shuffle
Loss adjuster Cunningham Lindsey has named new leaders for its surveying and contractor network divisions, in a bid to bring fresh ideas to its leadership.
Oak MD Trott to retire
Bob Trott, who has led Oak Underwriting since 2003, is to retire at the end of June, with RSA personal lines broker MD Jill White set to temporarily replace him.
Insurance ombudsman complaints at highest level since 2000
The number of insurance complaints, excluding payment protection cover, has reached its highest level since the launch of the financial ombudsman in 2000 according to figures published today.
Lockton recruits general counsel from Towergate
Lockton has swooped to recruit Towergate’s head of legal and secretariat.
Carlier named Cooper Gay Re CEO
Former RK Carvill and Minet Re chief executive Ron Carlier is to return to the industry leading the reinsurance subsidiary of Cooper Gay Swett & Crawford.
Crawford names EMEA forensic accounting lead
Loss adjuster Crawford has recruited a long-term forensic accountant from PWC to lead a regional forensic investigation and business interruption division.
Kiln names former KPMG UK boss as non-exec
Kiln has recruited KPMG’s former UK chief executive to take a seat on its board, leading the insurer’s audit risk and compliance committee.
Co-op Bank recruits ex HSBC banker for chief exec role
The Co-Operative Group has recruited HSBC’s former North American chief executive to revive the fortunes of its banking operation, while the Co-op's group's CEO has conceded "there is much work to be done".
RSA acquires Aon’s Irish PL business
RSA has struck a deal to purchase AonInsure.ie, a personal lines price comparison site operated in Ireland by broking giant Aon.
Allianz completes $175m windstorm and earthquake bond
Allianz has secured $175m of protection against named storms in the US, Mexico and Carribean, as well as North American earthquakes, ahead of the 2013 Atlantic hurricane season.
Cunningham Lindsey hands Jupp major loss role
Loss adjuster Cunningham Lindsey has promoted its London and Southeast regional boss to a new role as its head of major loss.
Moore tornado losses unlikely to reach London insurers
Insured losses from the devastating tornado that hit the Oklahoma City suburb of Moore are unlikely to hit the London market.
Xchanging loses adjusting trio to Charles Taylor
Three senior adjusters have departed Xchanging Claims Services to join Charles Taylor, following the path of former chief adjuster Richard Cook.
Moore tornado losses could exceed Joplin
Damage from a mile-wide tornado that struck the Oklahoma City suburb of Moore could exceed the May 2011 Joplin event, according to Oklahoma Insurance Commissioner John Doak.
SoP talks “at an advanced stage”
Talks between insurers and the government to find a replacement for the Statement of Principles are “at an advanced stage” according to a government minister.
Moody’s: Solvency II volatility may deter investors
Potential investors in the insurance industry may be turned off by expected volatility in European insurer’s solvency ratios according to rating agency Moody’s.
UK motor COR improves but premiums expected to fall in 2013
The UK motor market saw its collective combined ratio improve slightly to 105% over the course of last year, but Deloitte has warned the market is only likely to become more competitive.
Bennetts unveils classic bike cover
Bike insurer Bennetts is to expand its offering to include cover for classic motorcycles online.
London P&I Club reports boosted reserves after “mixed” year
The London P&I Club saw reserves increase after generating a surplus of $9.4m across all classes in the financial year 2012/13.