Articles by Emmanuel Kenning
PPI payments hit £215m in first half of 2011
The Financial Services Authority (FSA) has revealed that consumers who complained about being mis-sold payment protection insurance (PPI) received £215m from firms in the first six months of 2011.
Travelers targeting Lloyd’s growth
Travelers has announced a series of promotions within its Lloyd’s operation, Travelers Syndicate Management (Syndicate 5000), to support long-term development in the market.
Insurance Age blog: Some economics of commercial market hardening
Now, as you may have guessed from my previous ramblings I’m no economist. And even I realise that reading too much into two sets of data this month could be dangerous but they really have got me thinking about the old chestnut that is commercial market…
Giles offer for CBG Group “unconditional”
Giles Insurance Brokers’ cash offer for CGB Group, has now been declared unconditional.
Ellis joins Prince’s Trust Insurance Leadership Group
Grant Ellis, chairman of the Broker Network Group and Countrywide Insurance Marketing, is set to join the committee of The Prince’s Trust Insurance Leadership Group (ILG).
Hardy reports large jump in COR
Bermuda-based Hardy Underwriting has announced a 17% deterioration in its combined operating ratio to 119% for the first six months of 2011.
Motor insurers move to help volunteers
Motor insurers have agreed not to charge extra premiums to volunteers who want to use their cars to help out their local communities such as by taking old and sick people to hospital appointments or on day trips.
Significant scale change pleases Ageas chief
Barry Smith, chief executive of Ageas UK, has claimed the insurer is on track to break the 100% combined operating ratio (COR) barrier but warned again that he saw no real signs of commercial market hardening.
Admiral's Engelhardt on Jack Straw and Confused.com
Henry Engelhardt, chief executive officer of Admiral, has welcomed Jack Straw’s intervention on referral fees but with certain crucial caveats.
Insolvencies on the increase, survey shows
The latest Insolvency Index has revealed an increase in the national rate of insolvencies with 0.10% of firms failing in July 2011, up from 0.08% in July 2010.
Bodily injury claims starting to impact, admits Admiral’s Engelhardt
Chief executive officer at Admiral, Henry Engelhardt, has revealed that bodily injury claims have started to noticeably affect the insurer in the past year.
Towergate reveals 11 regional MDs
Towergate Retail has unveiled the area managing directors who will represent the new broking division under managing director, Dave Partington.
Elite makes London recruitment to develop ATE business
Elite Insurance has announced the appointment of Mike Payne as general manager of its London office with a remit to grow the company’s after the event (ATE) insurance business.
Simply Business partners with Moneysupermarket
Simply Business has announced it is providing a small business insurance service on Moneysupermarket.com.
FSA sharpens teeth in advance of new powers of intervention
More financial services businesses are being forced to amend or withdraw advertising material following intervention by the Financial Services Authority (FSA) as it clamps down on misleading adverts, Reynolds Porter Chamberlain (RPC) has claimed.
Amlin suffers heavy half year loss
Amlin has announced a loss of £192.3m for the first six months of 2011 (£107.6m profit: 2010) as a result of "unprecedented" catastrophe claims.
Quinn Insurance sale facing October court date
The Irish Independent has reported that policyholders will have the chance to raise any objections to the sale of Quinn Insurance at a court hearing on 4 October.
Collinson Insurance moves to grow wholesale division
Collinson Insurance Group has announced the appointment of Steve Scott as wholesale sales and strategy director as it seeks to expand its wholesale division.
Profits down in QBE’s European operations
QBE has revealed a significant drop in European insurance profits to £123m for the first half of 2011 compared to £146m for the same period of 2010.
Demand for business insurance highlights riot fears
Insurance broker Simply Business says it witnessed a 100% increase in quote requests from independent retail and catering businesses last week following the riots that took place across the country.
Hastings Direct to recruit 100 extra staff
Hastings Direct has announced a recruitment drive to fill 200 vacancies including 100 new jobs.
Travel insurers face a weekly bill of £5.3m
Figures from the Association of British Insurers (ABI) have revealed that the cost of falling ill abroad has hit a new high with travel insurers helping a record number of people needing emergency medical treatment while overseas.
Survey warns on toxic lack of trust
A survey of 1,000 people across the country by Constructaquote.com has found that 42% of employees do not feel secure in their jobs.
Network Spotlight day 12: Smith explains the changes at Westinsure
Mike Smith managing director of Ink Insurance, owners of Westinsure, looks back at the first year in charge post acquisition and claims that other networks put shackles on brokers to stop them from trading in an independent way.