Articles by Emmanuel Kenning
Upheaval at Westinsure
Rival networks have begun to circle Westinsure in the wake of a series of upheavals since its takeover by Ink Underwriting.
Cullum's Towergate shareholding to drop below 50%
Peter Cullum will lose his majority shareholding in Towergate Partnership as part of a new equity deal, Insurance Age understands.
FSA fines more than double to record £88m
The Financial Services Authority (FSA) handed down a record breaking £88.4m in fines in 2010 (to December 20), a growth of 154% from last year’s £34.8m, according to City law firm Reynolds Porter Chamberlain (RPC).
FSA confirms training and competence regime changes
The Financial Services Authority (FSA) has published final rules to strengthen training and competence requirements for all individuals carrying out customer facing regulated retail activities.
Ecclesiastical raises £40m in share issue
Ecclesiastical has announced it has raised £40m through a new share placing, its first since 2005.
Insurance Age blog: A year of progress at the CII
Once again the UK dissolves into chaos and anarchy, writes Alasdair Stewart, head of business development, general insurance, at the Chartered Insurance Institute (CII). No, not the student protests, but the snow.
FSA warned not to stifle innovation
The length of time it takes the Financial Services Authority (FSA) to grant financial services firms permission to expand their businesses has more than doubled in the last year, says City law firm Reynolds Porter Chamberlain (RPC).
HSB appoints London and South East regional manager
Sian Williams, regional broking director at Willis, has moved to HSB Engineering as regional manager for London and the South East.
Mid-corporates bullish about 2011, according to Chartis
Research by Chartis has found almost two thirds of mid-corporates are positive about the outlook for their business for the next 12 months.
Insurance Age blog: Bankers, music and brokers
Bankers just don’t get it, but do you? You might think that bankers in Ireland and the history of HMV have little to teach insurance brokers. But I beg to differ.
Survey finds increasing loyalty to aggregator sites
A survey by consultants EMB has found that around a third of people buying car insurance now choose an aggregator site to visit based on one they have used before, up from 26% in February.
Roger Carr appointed president of CBI
Roger Carr is to succeed Incisive Media’s non-executive chairman, Helen Alexander, as president of the Confederation of British Industry. Mrs Alexander has been in the role since 2009 and Mr Carr will take up the post at the end of her term of office in…
Commercial property contracts under threat from flood defence cuts, says JLT
The Government’s £200m cuts on flood defences could have a catastrophic effect on the commercial property market by making flood insurance unavailable, Bill Gloyn, partner, european real estate at JLT has warned.
Broking success – Wilby: To Halifax and beyond
Emmanuel Kenning meets a passionately independent broker twinning strong local service with national niche products to grow the business.
Insurance Age blog: Snow effect on the economy
This morning, ahead of writing my first blog for Insurance Age, I was standing on a frozen railway platform and somewhat surprised that the trains were being cancelled faster than orders for “England 2018” t-shirts.
Former Venture Preference MD joins Broker Network with start-up
Nick Inge, previously board director of Stuart Alexander and regional managing director of Venture Preference, has chosen Broker Network for Opus Risk Solutions.
Household insurance in flood risk areas subsidised by £511 annually, says Axa
According to data from Axa, household insurance for homes in high flood risk regions is being subsidised by £511 each year. The insurer stated this means that homeowners in affected regions are only paying 42% of the true cost of insurance to protect…
Survey shows half of brokers unaware of CIE regulations
Allianz Commercial has found that almost 50% of brokers have no knowledge of the new Continuous Insurance Enforcement regulations, which are due to come into force early in 2011.
Amanda Blanc leaves Towergate for Axa
Axa UK has appointed Amanda Blanc as CEO of its commercial lines business which includes its distribution arm, Bluefin.
Giles makes its largest acquisition
Giles has announced the acquisition of RA Rossborough and its general insurance broking companies. While the amount of the deal has not been disclosed Giles has confirmed it is the largest acquisition in the company’s history.
Oval teams up with Lorega
Oval and Lorega have launched a dedicated claims assistance service for the broker’s commercial client base.
ECIC appoints new underwriting manager
The Electrical Contractors’ Insurance Company has announced the appointment of Agneta Desouza as underwriting manager, reporting to chief underwriting officer, Richard Forrest-Smith.
Five new members join Willis Networks
Five new members have joined Willis Networks, bringing its combined membership to 111 firms.
Axa UK appoints Kevin Murray as chief operating officer
Axa UK has appointed Kevin Murray as group chief operating officer reporting directly to Paul Evans, group chief executive of Axa UK. He is also a member of the Axa UK executive committee.