Articles by Mark Sands
Morgan Stanley linked to Paymentshield sale
Towergate has asked Morgan Stanley to help find a buyer for Paymentshield according to reports.
Admiral in Lyons Davidson acquisition talks
Motor insurer Admiral is in talks to purchase law firm Lyons Davidson according to press reports.
McLarens launches expanded Bristol office
Commercial claims loss adjuster McLarens is to target the South West of the UK for growth, setting up a new, enlarged office in Bristol.
16% of SMEs fear collapse in 2013: Zurich
More than 15% of SMEs perceive themselves to be at high risk of going out of business this year according to a survey by Zurich and YouGov.
Regulators issue guidance to avoid another PPI scandal
The UK Financial Services Authority and the Office of Fair Trading have jointly published guidance to help design a new generation of payment protection insurance products.
Tokio Marine targets EMEA large commercial property market
Tokio Marine’s corporate property business operation is to expand its EMEA focus, providing capacity for the insurance group’s European operation.
2012 insured losses 36% above 10 year average: Aon Benfield
Last year’s insured losses soared almost a third higher than the 10 year average for insured losses according to Aon Benfield’s catastrophe modeling centre, Impact Forecasting.
Biba welcomes Cameron referendum promise
The British Insurance Brokers' Association has backed a guarantee from Prime Minister David Cameron to hold an 'in/out' referendum on the European Union by the end of 2017.
Supreme Court rejects Prudential legal advice appeal
The UK's Supreme Court has ruled that legal advice provided by non-legal professionals does not qualify for legal privilege, ending a legal battle with Prudential and PWC which has run since 2007.
Towergate Midlands MD departs in regional reshuffle
Towergate has restructured the leadership of its Midlands operations, with regional managing director Paul Watts departing the business alongside other changes.
Mitsui backs Dual with Singapore capacity
Insurer Mitsui Sumitomo has completed a deal to provide financial lines capacity for Hyperion-owned underwriting agency Dual in Singapore.
Weather and emerging markets key 2013 risks, warns Willis
Extreme weather and a new generation of emerging markets are among a new list of risks faced by businesses over the next 12 months identified by Willis.
Top Mark and Claim Reaction launch Northern Ireland venture
Top Mark has joined with loss adjuster Claim Reaction to form a new Northern Ireland operation.
Hyperion reports revenues up 42%
Hyperion has seen total group revenues soar 42% for the year ending 30 September 2012, reaching £111m, from last year’s equivalent of £78m, but organic growth has slowed.
ProSight recruits former Guy Carpenter UK boss as chairman
Former Guy Carpenter UK managing director Mark Hewett has been named chairman of ProSight Specialty Underwriters with immediate effect.
Insurers must back renewable energy, says Swiss Re
The insurance industry can provide key support to the development of renewable energy solutions and the mitigation of climate change, according to Swiss Re.
Forty-hour snowstorm to blanket the UK
The Met Office has issued its first 'red' severe weather warning for two years, after confirming that snow will cover the UK for the weekend.
ABI slams revised FSCS rules
The Association of British Insurers has condemned plans by the Financial Services Authority to update its rules for the Financial Services Compensation Scheme, saying that insurers will be paying for the failure of other financial institutions.
Aviva Malaysian sale "last of the heavy lifting"
The sale of Aviva's 49% stake in a Malaysian joint venture to Sun Life should be the last major deal of the UK insurer's disposals, Panmure Gordon has said.
Towergate launches commercial legal protection policy
Towergate Insurance has teamed up with Abbey Legal Protection to create a legal insurance product designed for the transport and logistics industry.
Co-op Insurance names life and savings boss as new MD
The Co-operative Insurance has recruited the managing director of its sister life and saving business to serve as MD.
Biba warns on increasing payout battles
Two-thirds of brokers have had to fight harder to get claims paid, according to research from the British Insurance Brokers' Association, blaming fraud and the economy.
Jakarta floods force 20 000 people to evacuate
Widespread flooding in Jakarta has prompted the Indonesian government to evacuate nearly 20 000 residents, according to Cunningham Lindsey.
Ace shuffles EMEA claims leadership
Ace has restructured the leadership of its EMEA claims management team with three promotions and a recruitment.