Articles by Mark Sands
Motor sector set to report loss for 2014 as claims return to pre-Jackson levels
Towers Watson report says reserve releases unlikely to continue
Home premiums down by 3% over Q3
Home insurance prices are continuing to fall, according to the latest figures from The AA, with reductions wiping £20 off an average combined buildings and contents policy over the last year.
Kerry London MD Pay exits
Broker Kerry London has confirmed that managing director Nick Pay has left the business after just over a year as managing director.
Motor premiums ‘bounce’ to 1.2% increase says AA
Average motor premiums have increased by 1.2% according to the latest figures from the AA, which described the increase as rebound "off the bottom".
BP Marsh admits Besso exit plan
BP Marsh CEO Brian Marsh has told Post the firm expects to exit its investment in Besso as the Lloyd’s broker seeks to continue its growth.
Market Moves - 23 October 2014
All the latest job moves in the insurance market.
DAS suspends CEO in supplier investigation
DAS has suspended its CEO Paul Asplin after concerns were raised about a relationship between the legal expenses insurer and a supplier, as first revealed by Insurance Age.
Ecclesiastical promotes Saunders to commercial director
Ecclesiastical has looked internally to find a new commercial director, promoting corporate business and London regional director Adrian Saunders.
One-in-four motorists back compulsory in-car cameras
26% of UK motorists believe the Government should mandate in-car cameras in order to limit “crash for cash” schemes, according to a study from the RAC.
Aviva wins on ‘fundamentally dishonest’ whiplash claim
Aviva has declared victory in court battles over a low-speed whiplash claim, which has been ruled “fundamentally dishonest” by the court, with the claimant ordered to pay all of Aviva’s costs.
Road Safety Foundation demands tax cut on telematics policies
The Road Safety Foundation has called for reductions on premium taxes on telematics-backed motor insurance policies for young drivers.
Argo unveils complimentary legal advice for D&O customers
Lloyd’s insurer Argo International has launched a new policy that see the firm offer complimentary legal support to holders of directors and officers policies.
Third party injury claims down 10% say actuaries
Insurers have benefited from a 10% reduction in the frequency of third-party injury claims according to figures released by the Institute and Faculty of Actuaries.
RSA sells Italian operations for £19m
RSA has agreed to sell its Italian branches and insurance books to Itas Mutua for a cash payment of £19m.
Resignations force Towergate to shutter Sherborne branch
Towergate has closed a branch in Sherborne, Dorset, just two years after acquiring the business, according to a report from the Western Gazette.
LV hands Crawford commercial claims surveying contract
LV has completed a deal with loss adjuster Crawford & Company which will see the latter exclusively provide surveying services on commercial claims.
Northern Irish broker partners with Assembly to create 60 Newry jobs
Independent broker Autoline has partnered with the Northern Irish Assembly to create 60 new jobs at its Newry headquarters.
UK General axes first 100 commercial brokers
UK General managing director Mike Keating has told Post the insurer has already ended 100 relationships with commercial brokers as it seeks to cut back more than a thousand partnerships.
Swinton CEO Christophe Bardet heading for exit
Christophe Bardet is to depart his role as Swinton CEO, to be replaced by MMA UK boss Gilles Normand.
Brokers blame Blanc exit on Gallagher culture clash
Senior brokers have pointed to a clash between the background of former UK retail CEO Peter Blanc and the requirements of his role at Arthur J Gallagher as the cause of his exit.
Blanc admits lack of appetite for Gallagher role as he plots 2015 return
Former Arthur J Gallagher UK retail CEO Peter Blanc has admitted a lack of appetite for operational issues was behind his decision to exit the broking giant.
Ecclesiastical recruits Zurich risk engineering boss Matthews
Ecclesiastical has secured a new risk management director for its UK general insurance business, appointing Mark Matthews from Zurich.
Fitch affirms Lloyd’s IFS rating at AA-
Ratings agency Fitch has decided to confirm the Insurer Financial Strength rating of Lloyd’s and it’s Chinese operation at AA-, with a stable outlook.
‘Constructive’ party conference season dialogue pleases insurance bosses
Flooding and cost of motor insurance and regulation top the agenda