Articles by Mark Sands
Markel hoping to capitalise on Alterra Lloyd's business
US-based Markel Corporation is hoping to build on the London operations of Alterra after securing an acquisition deal worth $3.1bn.
Markel to buy Alterra in $3.1bn deal
Markel is to acquire Bermudian insurer and reinsurer Alterra for a combination of stock and cash totalling $3.1bn.
Lloyd's: Sandy net claims could reach $2.5bn
Net claims from Superstorm Sandy could hit Lloyd's for $2bn (£1.25bn) to $2.5bn (£1.55bn) it was announced this morning.
CRIF links with HPI and Tracesmart for fraud tools
Fraud solutions provider CRIF Decision Solutions has inked deals to provide customers with anti-fraud data through vehicle identification and consumer profiling.
Hardy raids London market for senior quartet
Lloyd's insurer Hardy has made the first senior appointments following its acquisition by CNA, including a new chief operating officer.
Corporation tax could hit 20%: PWC
UK Chancellor George Osborne could shave corporation tax further next year following his announcement that it would fall to 21% by April 2014.
Barclays appoints former FSA boss Sants as compliance head
Former Financial Services Authority chief executive Hector Sants has been appointed head of compliance and regulatory relations at Barclays.
EC Insurance appoints non-exec pair
Electrical Contractors' Association subsidiary EC Insurance has appointed two non-executive directors in the form of Gavin Richardson and Mark Crilley.
MGAs dubious on risk transfer consultation
Managing general agents suspect the FSA may have finalised new rules on risk transfer prior to closing its recent consultation.
Wanna Insure launches telematics app
Software provider Wanna Insure is to launch a smartphone app that it says will help women drivers beat the incoming EU gender directive.
Biba and Aviva back MoJ whiplash consultation
The British Insurance Brokers Association and Aviva have become the latest insurance bodies to back the whiplash consultation from the Ministry of Justice.
Ink plans January network launch
Giles subsidiary Ink Underwriting is to formally launch its new broker network, Compass Broker Partnerships, in January.
Higos swoops for Heath Lambert finance director
Intermediary Higos Insurance Services has named Heath Lambert's group finance head Nigel Thomas as its new finance director.
Lloyd's refreshes three-year plan to incorporate Vision 2025
Lloyd's has published an updated version of its three-year plan designed to set the London market on track for its long-term strategy, Vision 2025.
Airmic invites new pitches for compliance database
Risk management association Airmic has issued a second request for proposals for companies interested in creating a global database of international insurance requirements.
Beazley announces new property head
Lloyd's insurer Beazley has announced that current head of property Jonathan Gray will step down after 11 years in July next year, to be replaced by Mark Bernacki.
Broker acquisition to raise Markerstudy retail GWP by £35m
A completed deal for Markerstudy to acquire Insurance Choice will raise the former's retail gross written premiums by almost half.
Markerstudy completes broker purchase
Gibraltar motor insurer Markerstudy has completed a deal to acquire Insurance Choice.
Allianz Global Corporate and Specialty names global reinsurance lead
Allianz's corporate and speciality brand has named Simon Buxton as its new global reinsurance head, effective 1 January.
Skuld launches Singapore operation
Marine insurer Skuld has announced the opening of its first Singapore branch in a bid to target South Asian business.
Mitsui Sumitomo swoops for Travelers claims head
Mitsui Sumitomo has appointed Travelers Syndicate Management head of claims Simon Catt for its Lloyd's operation.
LMA publishes new nuclear exclusion clauses
The London Market Association has released the first in a series of nuclear and radioactive contamination exclusion clauses.
Marsh to use Xuber core broking tools
Marsh has completed a deal with Xchanging to use its newly rebranded Xuber insurance software tools.
Fitch affirms Flagstone ratings after Validus deal
Ratings agency Fitch has confirmed that it will take no action on the ratings of Flagstone Re after it was purchased by Validus at the end of November.