Articles by Emmanuel Kenning
Stackhouse Poland buys Croydon-based broker
Stackhouse Poland has acquired Sutton Meears & Co for an undisclosed sum.
Aviva appoints UK chief risk officer
Aviva has appointed John Lister as UK chief risk officer effective March 2012.
Broker Expo: Delegates warned that tougher FSA is already here
Brokers have been warned that the Financial Services Authority’s (FSA) long-promised new intrusive approach is already here and that it is not “pussyfooting around anymore”.
Underlying revenue up 6% at Marsh
Marsh has seen a 12% rise in revenue to $1.21bn (£756m) for the third quarter of 2011 from $1.08bn in the same period of 2010.
Ex-Bluefin branch leader follows AR route with Corrigans
Brendan Mulligan, former leader of the Bluefin Broker Partnership Services’ Coventry office has set up Thomson James as an appointed representative of insurance broker Corrigans.
Nexus takes on Novae's regional financial lines business
Nexus Underwriting Management has acquired the £15m GWP regional financial lines portfolio of Novae Syndicates and confirmed it intends to set up a new Managing General Agency (MGA) in the new year to underwrite the account.
Jubilee hits back at Kiln’s “first” claim
Jubilee Managing Agency has dimissed Kiln’s claim of being first to market with a new insurance product to protect mobile phone users from ID theft and unauthorised payment as “not true”.
Brokers welcome trade body merger but fears remain for smaller voices
The broking community has given an overwhelming welcome to the merger of the British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) with only the fear of smaller brokers losing their voice raised as a potential concern.
Regulators issue draft guidance on PPI products
The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) have declared they are working together to prevent the problems with payment protection insurance (PPI) happening again in a new generation of products.
Biba merges with IIB
The British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) have merged to provide one trade association and lobbying voice for general insurance brokers.
County unveils new consolidator
County Group has launched County Insurance Northwest with the aim of acquiring 15 brokers in the North of the UK over a five year period.
Deadline nears for Broker Expo
There is still time to sign up for Insurance Age’s 2011 Broker Expo at Coventry’s Ricoh Arena.
RBS offered £4bn for insurance division
Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.
Aon reports third quarter growth
Aon has reported a 51% increase in total revenue to $2.7bn (£1.7bn) for the third quarter of 2011 compared to the same period of 2010.
Transactor restructures as profits and revenue rise
Insurance software provider Transactor Global Solutions Limited (TGSL) has announced a 24% increase in turnover to £5.2m with group pre-tax profits up 18% to £0.5m for the year ended 31 March 2011.
Insurance Age blog: Faking your own death
A whole month since my first blog. By now of course I've gained enough expertise to rant and rave about all manner of things insurance-related, which is particularly impressive to my friends and relatives who have all recently discovered how glamorous…
LV appoints senior underwriter from Aviva
LV has appointed Tom Maughan as a senior underwriter for its Bournemouth branch which looks after brokers in Dorset, Hampshire, West Sussex, the Isle of Wight and the Channel Islands.
Profits tumble at Aspen
Aspen Insurance Holdings has revealed a 76% fall in third quarter profits to $22.2m (£13.8m) compared to the same period of 2010 when it made $92.8m.
Allianz rolls out fleet changes
Allianz has unveiled new motor fleet products in a move to separate small fleet cover from that for mid to large businesses.
Axa reveals 1% growth in UK P&C business
Axa’s results for the first nine months of 2011 have shown a small increase in UK property and casualty (P&C) revenue to €2.82bn (£2.47bn) from €2.79bn in the comparable period of 2010.
Ace posts Q3 loss
Ace has reported a net loss for the third quarter of 2011 of $31m (£19.4m) compared with a profit of $675m in the same period of 2010.
Escape of water costs home insurers £730m a year
Legal & General (L&G) has calculated that insurance claims for escape of water damage in UK homes cost the insurance industry £730m in 2010, nearly double the £370m cost of burglary claims over the same period.
ABI welcomes vote on banning referral fees
The banning of referral fees will be debated in the House of Commons next week and provided the vote is successful, will be added to Legal Aid, Sentencing and Punishment of Offenders Bill, Justice Secretary Kenneth Clarke has announced.
Ex-Axa UK CEO to chair Chaucer Syndicates
Former Axa UK chief executive officer Mark Wood has been confirmed as chairman of Chaucer Syndicates.