Articles by Emmanuel Kenning
Hastings boss to face Lloyd’s disciplinary board
Neil Utley, chairman of Hastings Direct, will face Lloyd’s enforcement board later in January over his time as boss at Equity Red Star.
Government investigates credit ratings agencies
The Treasury Committee has launched an investigation into credit rating agencies questioning the transparency and soundness of their methodologies.
Gallagher buys Oxygen’s corporate risks team
Arthur J Gallagher International has bought Oxygen’s Leeds-based corporate risks team, Insurance Age's sister title Postonline has revealed.
R K Harrison takes on ex Marsh chief for HNW drive
R K Harrison has appointed Marcus Rennick, the former head of private clients at Marsh and HSBC, to support the growth of its UK high net worth business with a particular focus on the south east.
RAC loses managing director
Angela Seymour-Jackson has resigned from the managing director role at RAC and will be leaving the group in January 2012 to pursue other business interests.
Groupama clings on to investment grade status as Aviva is monitored
Groupama SA has suffered a further downgrade to its credit rating as Standard & Poor’s (S&P) lowered the insurer’s status from BBB to BBB-, the final grade before junk bond status.
Groupama claims financial strength boost with sales
Groupama SA is to sell its share in real estate company Silic to government owned finance organisation Caisse des Dépôts (CDC) who will also be making a €300m (£251.9m) investment in the French insurer.
ABI welcomes launch of OFT motor investigation
The Association of British Insurers (ABI) has responded to the news of a further investigation into the UK motor market by insisting that insurers were committed to providing the best possible deal for customers.
Marsh unveils Norwich leader
Marsh has appointed Keith Fenwick to lead the broker's Norwich office, its largest UK branch outside of London.
OFT launches third party repair and credit hire investigation
The Office of Fair Trading (OFT) has launched an investigation into the provision of third party vehicle repairs and credit hire replacement vehicles in the UK motor market.
Entire Swinton executive board sacked
All of Swinton’s executive board has been fired with immediate effect by parent company Covea over concerns surrounding a performance-related share scheme.
Barton sees Jelf “bucking the trend”
Phil Barton, chief executive for insurance at Jelf, has described the broker’s 4.4% organic growth in insurance business to £44.8m as “no doubt bucking the trend” in the industry.
Admiral ponders creation of law firm
Admiral is considering setting up its own personal injury law firm in light of the developments to legal firms’ ownership under the alternative business structure changes.
Homeserve to outsource complaints handling
Homeserve is to outsource its complaints handling next year following an internal review.
Insurers react to S&P downgrade warning
Axa, Aviva and Allianz have responded to the news that insurers could face a downgrade in their credit ratings by highlighting the link to the negative watch recently placed on Eurozone member countries.
Major insurers hit by credit rating warning
Axa, Allianz and Aviva groups are among 15 insurers that Standard & Poor's (S&P) have warned face a downgrade in their credit rating.
Groupama could be headed for junk bond rating
Groupama SA has suffered further bad news on its credit rating status with Standard & Poor’s warning it could lower the group to junk bond status.
Brightside secures £100m capacity deal
Brightside Group has confirmed that a new capacity deal with an unnamed re-insurer will deliver £100m of extra capacity to its Gibraltar-based underwriting firm Southern Rock Insurance Company.
Cobra sells subsidiary business for £3.3m
Cobra Holdings has sold subsidiary business Cobra Corporate Solutions (CCS) to ISO Investments, a company controlled by Cobra shareholder Phil Truman, for £3.3m.
FUW joins Broker Network
The Farmers’ Union of Wales’ insurance arm, FUW Insurance Services (“FUW”) has signed up with Broker Network.
OFT finds lack of competition in private healthcare market
The Office of Fair Trading (OFT) has provisionally decided to refer the market for privately funded healthcare services in the UK to the Competition Commission for further investigation.
Moscrops recruits from Car Care Plan
Lancashire-based broker Moscrops has appointed Andrew Champion as managing director following the retirement of Tim Chadwick after 40 years with the business.
Three brokers make top 100 UK companies
Three insurance brokers have made it onto this year’s Sunday Times Fast Track 100 list of UK companies with the fastest growing sales over the last three years.
Man jailed after £2.3m insurance fraud attempt
A man who exaggerated his injuries and attempted to claim £2.3m in compensation has been jailed for four months by the Royal Courts of Justice after his deception was uncovered and he was found in contempt of court.