Articles by Emmanuel Kenning
O’Roarke reveals targets for 2012
John O’Roarke, managing director of LV general insurance, has revealed the insurer is targeting an increase in profit of at least 20% in 2012.
Direct Line subsidiary awarded 'A' credit rating
UK Insurance, the main operating insurance subsidiary of Direct Line Insurance Group (DLG), has been assigned an ‘A’ financial strength and counterparty credit rating by Standard & Poor’s (S&P).
Allianz UK sees growth across the board
Allianz UK has revealed increased gross written premium, higher operating profits and an improved combined operating ratio in its 2011 results.
LV doubles insurance profits as COR improves
LV has reported a doubling in general insurance profits before tax to £70m in 2011 from £35m the previous year.
Chartis turns from loss to profit
American International Group (AIG) has revealed that subsidiary insurer Chartis, the general insurance arm of the global business, made an operating profit of $1.12bn (£709m) in 2011 reversing its loss of $1.07bn the previous year.
Lloyds Bank losses hit £3.5bn after PPI mis-selling
Lloyds Bank has confirmed that it made a loss of £3.54bn in 2011 the vast majority of which it attributed to the mis-selling of payment protection insurance (PPI).
Invicta expands with portfolio purchase
Invicta Insurance Services has agreed to acquire the general insurance portfolio of surrey-based IFA Financial Profiles.
Equity owner reports UK loss
Insurance Australia Group (IAG) has reported a loss of AU$7m (£4.77m) for the first half of the financial year 2012 for its UK division.
Markerstudy releases capacity to new MGA
Markerstudy Group has confirmed it is providing £25m underwriting capacity to managing general agent Xpect.
Allianz sees profits rise in UK
Allianz has reported an 11.4% rise in operating profits for its UK arm to €206m (£174.3m) in 2011, up from €185m in 2010.
Commercial broker launched in London
New commercial broker Q360 has been launched in London using capital provided by Tawa, a specialist investor in insurance industry businesses.
RSA appoints CFO from Aspen
RSA has appointed Richard Houghton to the role of group chief financial officer with effect from early June 2012.
HCC reports fall in profits
HCC Insurance Holdings has reported a fall in net earnings in 2011 to $255m (2010: £162.3m) with a deterioration in its combined operating ratio to 90.8% from 84.6% the previous year.
Ageas reveals commercial COR of 110.9%
Ageas Insurance has confirmed it recorded a combined operating ratio (COR) of 110.9% in commercial lines business for the year ended 31 December 2011.
Aon expands Manchester chief’s remit to include Leeds and Sheffield
Aon Risk Solutions has appointed Jane Kielty as area director to head the Manchester, Leeds and Sheffield operations of its corporate business.
Bridge and Brit in B&B partnership
Bridge Insurance brokers has teamed up with Brit Insurance to launch Hospitality, an insurance scheme focused on boutique bed and breakfast businesses.
CNA creates chief underwriting role
CNA Insurance has appointed John Taylor to the newly-created role of chief underwriting officer.
Hiscox promotes Gott to lead on art and private clients
Hiscox has announced the promotion of Justin Gott to the position of head of art and private client, Hiscox UK and Ireland.
Ageas’ chief bearish on commercial hardening
Barry Smith, chief executive of Ageas UK, has described himself as “very pleased” with the step change from loss to profit at the insurer but admitted he was not confident of seeing any commercial market hardening in 2012.
Momentum signs up first Scottish AR
Momentum has signed up Dancas Insurance Brokers as its first Scottish member.
Aviva’s McMillan bullish on insurer summit outcomes
David McMillan, chief executive officer UKGI at Aviva, has told Insurance Age he was as optimistic as he had ever been on reducing the cost of motor premiums following the outcome of last week’s insurance summit with the Prime Minister, David Cameron.
Moreland teams up with British Franchise Association to drive growth
Scottish broker Moreland Insurance has entered into a strategic partnership with business organisation the British Franchise Association (BFA) in a move designed to widen its UK reach.
Chubb rides in with seven new staff
Chubb Insurance has recruited seven new senior London-based employees to enhance its personal lines offering.
Miller adds Marsh and AJ Gallagher experts to team
Miller has appointed James Cunningham and Ewan Wauchope to bolster its political risk, trade credit and political violence capabilities.