Articles by Emmanuel Kenning
Towergate losses accelerate to £21.3m
A Towergate report to bondholders for the second quarter of 2011 has revealed the broking giant lost £21.3m in the first half of 2011, up from £13.7m in the same period of 2010.
Insurance sector paying bills later
Companies in the insurance sector paid their bills an average of 19.78 days late in the third quarter of 2011, an increase of nearly 1.5 days on the previous three months, according to research from Experian.
North West top for bodily injury claims
Research from the Institute and Faculty of Actuaries has shown the North West of England to be the leading hot spot for private car insurance claims involving bodily injury.
Fears over reserving raised at AM Best conference
Delegates at the AM Best 2011 Insurance Market Briefing were warned that concern was growing about the adequacy of reserves in the UK non-life company market.
Registration deadline approaches for the 2011 Broker Expo
There are only two weeks to go before Insurance Age’s 2011 Broker Expo at Coventry’s Ricoh Arena opens its doors to 100 exhibitors and hundreds of brokers on 3 November.
Keelan Westall boosts underwriting agency
Keelan Westall has appointed Simona Wilson to its in-house underwriting agency as team leader and promoted Caroline Dixon to underwriting manager as it looks to strengthen the division.
Brokers split on SME business cover after riots
A survey by NIG has claimed that business confidence has fallen significantly among SMEs in the wake of the recent riots.
Takaful-focused insurer bought by run-off investment specialists
Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Car premiums stall but home still rising
The latest AA British Insurance Premium Index has revealed a small 0.3% fall in car insurance premiums while buildings insurance rose by 4% in the third quarter of 2011.
Labour Party criticised for generating referral fees
The Daily Mail has reported that the Labour Party has received over £350,000 in donations from personal injury lawyers.
Confidence among SMEs slumps
The Federation of Small Businesses’ (FSB) Voice of Small Business Index has revealed that confidence among SMEs slumped by 9.6 points from a positive 0.3 to -9.3 in the third quarter of 2011.
FSA accused of letting brokers foot the bill
PI Expert has questioned the motives behind proposals made by the Financial Services Authority (FSA) to change the rules on compensation awards.
Aviva launches multi-car policy for families
Aviva has launched MultiCar, a new insurance policy for family members living at the same address to cover up to five cars or vans in a household.
Ten sentenced in crash for cash scam
Ten people have been sentenced after a three year investigation, led by Ageas, into a crash for cash conspiracy.
Car insurance premiums now falling, research says
Comprehensive car insurance premiums fell by 1.6% in the third quarter of 2011 according to the latest Car Insurance Price Index from Confused.com and Towers Watson.
Clear appoints from Willis Networks
Clear Insurance Management has appointed Simon Taylor, previously regional managing director for Willis Network, to the role of executive director.
MGAA secures FSA fees deal
Full members of the Managing General Agents’ Association (MGAA) can pay their Financial Services Authority (FSA) fees by instalments at a discounted rate following its official recognition as a financial services trade association.
Claims experts defend firms against Straw’s “parasite” comments
Claims specialists have defended their offerings after Jack Straw branded claims management companies (CMCs) and credit hire companies as “parasites in the system”.
Nine arrests over crash for cash scam in Huddersfield
Eight men and one woman have been arrested by police in Kirklees as part of a major investigation into suspected fraud and money laundering offences.
Survey finds start ups at risk from lack of PI cover
Small businesses and freelance consultants delay purchasing professional indemnity (PI) insurance for an average of six months after setting up, according to research by PolicyBee.
Straw slams CMC “parasites” and near criminal activity
Jack Straw MP has attacked claims management companies (CMCs) and credit hire firms as “parasites in the system” in his evidence to the Transport Select Committee’s investigation into the cost of motor insurance.
ABI warns Transport Select Committee
The Association of British Insurers (ABI) has warned that “not for the first time” the Transport Select Committee risked “missing the point” about motor insurance as it re-opened its inquiry.
Survey finds 96% of young drivers feel priced off the road
Research by Young Marmalade has revealed that 96% of young drivers think they are being priced off the road because of high motor insurance premiums.
UK Broker Conference 2011: Hilton upbeat on UK prospects, especially for SMEs
Anthony Hilton, financial editor of the London Evening Standard, told delegates at the inaugural UK Broker Conference that recessions were much worse in the 1970s and that he believed the UK’s economy would improve in 2012.