Articles by Emmanuel Kenning
Brokerbility expands with Miles Smith addition
Brokerbility has added London based Miles Smith Insurance Solutions, the newly formed retail division of Miles Smith, to its membership list bringing the total to 35 brokers.
Saulter leaves Towergate for Davies
Davies Group has appointed Dan Saulter, formerly group M&A director at Towergate, as its new chief executive.
APC targets regional broker business with London Market launch
APC has launched a London market broking team focused on placing risks for regional brokers that cannot be facilitated under its regular binding authorities.
Bluefin appoints Boden as chairman
Bluefin has appointed George Boden as non-executive chairman of the board.
FCA board members confirmed
The members of the Financial Conduct Authority (FCA) board have been confirmed for when the new regulator starts operating on 1 April 2013.
SSP appoints Glennard to client role
SSP has appointed Gary Glennard as head of client programme delivery for Europe.
Brimecome replaces Hamilton as Axa chairman
Axa UK has appointed Ian Brimecome as chairman of the board replacing Anthony Hamilton who is retiring, having been in the role since September 2000.
FSA fines Pru £30m and censures CEO
The Financial Services Authority (FSA) has hit Prudential with a £30m fine and criticised CEO Tidjane Thiam.
Lloyd’s profits approach £3bn
Lloyd’s has announced a profit of £2.77bn for 2012, reversing a loss of £516m in 2011. The market also saw an improvement in its combined ratio to 91.1%.
Broker Sentiment Survey enters last 48 hours – don’t miss out
There are only 48 hours for brokers to get involved with the first Sentiment Survey of 2013 and make sure their views on the likes of dual pricing and regulation are heard by insurers.
Lucky 13 for RK Harrison as profits up again
RK Harrison has recorded a 13th successive year of growth and increasing profit.
La Playa sets out acquisitions role for Mullee
Matthew Mullee, co-founder and formerly private client director at La Playa has been appointed director of growth and acquisition for the broker.
Nash joins Miller
Richard Nash, a specialist in global property and casualty programme design and placement for UK and European corporates, has joined Miller.
Profits up at Abbey Protection
Abbey Protection has announced a 3% rise in pre-tax profits to £10.3m with total revenue up 7% to £38.7m for 2012.
Compare The Market owner BGL appoints Donaldson to succeed Winslow as CEO
The BGL Group has appointed Matthew Donaldson to the role of chief executive officer with predecessor Peter Winslow becoming group executive chairman.
Investec savages Aviva over potentially irreversible decline
Investec Bank has issued a no-holds barred research note on Aviva and suggested that the provider may be in permanent decline as it cut the insurer’s target share price from 422p to 316p and advised investors to reduce their holdings.
Ex-Towergate regional MD joins Glendinning
Neil Forrest, formerly regional managing director for the North at Towergate, is to join JM Glendinning on 23 April.
No IPO on the table at Hastings
Gary Hoffman, chief executive of Hastings Insurance Group, has reiterated that an IPO is not in the pipeline for the company as it posted soaring profits, although it could still be an option in the future.
Profits soar at Hastings
Hastings Insurance Group has announced a 100% increase in Ebitda to £70m along with a near doubling of profit before tax from £31m in 2011 to £61m for the year ended 31 December 2012.
Broker Apprentice: The results
Judgement Day… So we come to the final session and my decision.
Ecclesiastical’s UK COR reaches 105.5%
Steve Wood, managing director for the UK and Ireland at Ecclesiastical, has vowed the provider will focus “sharply” on underwriting as its UK combined operating ratio (COR) hit 105.5% in 2012, up from 96.3% the year before.
McPherson to leave A&A Group
The A&A Group has announced that sales and marketing director, Steve McPherson, will leave the company this week after 28 years.
Investment returns save Ecclesiastical as COR worsens
Ecclesiastical has reported a UK underwriting loss of £12.3m for 2012, mainly due to liability business, along with a group underwriting loss of £24.6m down further on the £18.7m loss reported in 2011.
Towergate reveals national broking restructure
Towergate has moved from a six to a five-region structure, Insurance Age can reveal, as another regional managing director is set to depart.