Articles by Emmanuel Kenning
Profits slump at Catlin
Catlin Group has seen pre-tax profits for 2011 tumble to $71m (£44.8m) from $406m the year before, as its combined operating ratio punched through the 100 barrier to reach 102.6% (2010: 89.8%).
Network announces membership target as it expands into commercial
Personal lines specialist,1 Answer Network, has predicted that it will have 100 members by 2013.
Acturis vows to revolutionise personal lines
Acturis is poised to make an attack upon the personal lines market with two key hires.
Thistle appoints new CEO
James Twining has been appointed chief executive officer of JLT-owned managing general agent (MGA) Thistle Insurance.
RBSI rebrands as Direct Line
Royal Bank of Scotland Insurance (RBSI) Group has rebranded as Direct Line Insurance Group and changed its status from a private company to a public one.
Willis N² reveals 10 new members
Willis has unveiled 10 new members for its Willis N² network, representing smaller provincial and start-up brokers, taking total membership to 34.
NIG appoints former Axa regional director to lead in Manchester
NIG has appointed Warren Bainbridge as area business development manager (ABDM) for its Manchester office with business development responsibility for the Greater Manchester region as well North Wales, Merseyside and Lancashire.
Towergate raids Gallagher for development director
Towergate Underwriting has appointed Alyson Williams as household development director only five months after she left the company for a role as development manager at Gallagher Group.
Liberty Mutual appoints head of claims
Liberty Mutual Insurance Europe has appointed Katie MacGregor as head of claims in London.
CFC dances into the Zumba business
CFC Underwriting, in conjunction with Paragon Insurance Brokers, has been appointed as the worldwide insurance partner for Zumba outside of the US.
Fitch upbeat about Tokio Marine
Credit rating agency Fitch has strengthened the outlook for Tokio Marine & Nichido Fire Insurance Co. (TMFN) to stable from negative and confirmed the company’s Insurer Financial Strength (IFS) rating at AA-.
Home & Legacy achieves chartered status
The Chartered Insurance Institute (CII) has awarded Chartered Insurance Broker status to high net worth insurance specialist, Home & Legacy.
Aon sees operating income fall 8% in risk division
Aon has reported an 8% fall in operating income for its risk solutions division to $345m (£218m) in the fourth quarter of 2011 from $374m in the same period of 2010.
Zurich expands mid-corporate appetite
Zurich has expanded its Corporate Focus range to include products covering food and beverage and sports, leisure and entertainment (SLE).
Lorica appoints ex-Towergate director as new COO
Lorica Insurance Brokers has appointed former group director at Towergate Darryl Clark (pictured right) as chief operating officer.
Profits halved at Ace
Ace has reported that net income dropped by 49% to $1.59bn (£1bn) in 2011 from $3.1bn the previous year.
Ansvar and WRS team up in charity push
Ansvar’s Millie Swain has linked up with WRS Insurance Brokers as their new on-site development underwriter.
Evolution agrees five year capacity deal with Allianz
Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years covering property, casualty, excess of loss and motor lines.
Whittington heads out from London
Lloyd’s-based managing general agent, Whittington Capital Management Syndicate 2525, has appointed Stephen Fitzgerald to develop business in the UK regions that is not currently accessed through the Lloyd’s broker channel.
Towergate responds to Fitch rating warning
Towergate has declared its finances to be “rock solid” as credit rating agency Fitch downgraded its outlook from stable to negative.
ABI refuses to renew statement of principles for flood insurance
The Association of British Insurers (ABI) has hit out at the government and said it would not renew the statement of principles for flood insurance as it was supposed to be a short-term measure and grossly distorted the market.
MPs criticise government over flood defences
The Commons Public Accounts Committee has criticised the government over flood defences and urged the Association of British Insurers to renew its statement of principles on flood insurance.
Biba splits from RWA
The British Insurance Brokers’ Association (Biba) has split with RWA Group, one of its compliance partners.
New claims mediator launches to brokers
Expedite Resolution has launched a new service that it claims could bring a flexible and cost effective approach to claims settlement.