Articles by Emmanuel Kenning
Treasury Committee calls for consumer questions ahead of sector grilling
The Treasury Committee has called on the public to submit questions ahead of an evidence session with insurance bosses, as it warned of hearing ‘anecdotal evidence’ in recent months of premiums rising faster than inflation, insurers refusing to pay out,…
Ex-BGL boss Matthew Donaldson joins Prima as chair
The former CEO of BGL Group, Matthew Donaldson, has joined motor insurance specialist Prima Group as chairman.
Applied approaching 100 Epic milestone
Applied Systems has 72 brokers live on Epic in the UK and is onboarding another 30 customers that have already been won, which will take the total to more than 100 by the end of the year, Europe CEO Tom Needs confirmed to Insurance Age.
Lloyd’s appoints Rachel Turk as chief underwriting officer
Lloyd’s has named Rachel Turk in the new role of chief underwriting officer joining from Beazley.
FSCS slashes broker 2023/24 levy to zero
The Financial Services Compensation Scheme has dropped plans to charge general insurance brokers £5.3m in 2023/24 as it cut the contribution to nil.
Qlaims inks multi-year deal with Prestige Underwriting
Qlaims has signed a multiyear contract to include its cover in the Prestige Underwriting Coverall household policy, Insurance Age can reveal.
NFU Mutual, Gallagher, Markel and Skyline Partners team up on pioneering product for dairy farmers
A quartet of specialists have joined forces to create the UK’s first parametric heat-stress insurance for dairy farmers.
Amazon adds Policy Expert to insurance store
Personal lines specialist Policy Expert has joined the Amazon Insurance Store taking the number of providers up to four.
Aviva posts 13% GWP hike in Q1
Aviva grew general insurance premiums in the UK by 13% in the first quarter of 2023 as its combined operating ratio also improved.
Insly launches no code sales software for brokers
Software provider Insly has rolled out BrokerFlow, designed to enable brokers to digitise their sales workflow including application forms, risk surveys, and customer proposals.
GRP owner Brown & Brown buys Nexus and Xenia owner Kentro
US giant Brown & Brown has signed up to buy Kentro Capital, which includes Nexus Underwriting and Xenia Broking, in a deal expected to close in the fourth quarter.
Ecclesiastical flags second home crimes hitting HNW sector
One in five (22%) crimes experienced by high-net-worth clients happened at their second home or holiday home during the past 12 months, according to research by Ecclesiastical as it released new guidance to help brokers speak to clients about how to best…
JMG strikes 20th deal
JMG Group has bought commercial and corporate broker Insure Business in its 20th acquisition since being formed just over two and half years ago.
FCA posts improved SMCR approval times but AR permissions still lagging
The Financial Conduct Authority has revealed the average days taken in 2022-23 to process five key authorisations that affect brokers were within its target timeframes, but there is further to go to hit the statutory requirement for 100% of cases.
Government planning to limit non-compete clauses to three months
The government has issued a policy paper setting out plans to bring in legislation limiting non-compete clauses in employment contracts to three months.
Zurich partners with brokers on digital risk management system
Zurich UK has launched a digital risk management system to give firms real-time visibility of the risks they face, Insurance Age can reveal.
Funds transfer fraud replaces ransomware as leading cyber claims type, says Coalition
Ransomware claims frequency dropped 54% between 2021 and 2022, according to a report by cyber specialist insurer Coalition.
Tysers’ owner cancels UK joint venture
AUB Group has scrapped plans to create a joint venture for Tysers’ UK retail business with fellow Australian stock exchange listed firm PSC Insurance Group.
Bspoke Group strikes first acquisition after rebrand
Bspoke Group has bought Miramar Underwriting in its first deal since rebranding from UK General last month, Insurance Age can reveal.
Home insurance premiums tick up by less than inflation at 6%
The average price paid for a combined buildings and contents home insurance policy in the first quarter of 2023 was £315, according to the Association of British Insurers.
Middle hails organic growth at Ageas in long-term broker personal lines strategy
“We are growing organically in the continuing personal lines business. The go forward business,” Ant Middle, Ageas UK CEO has told Insurance Age.
FCA survey data tracks 13% of consumers cut back on insurance due to cost-of-living crisis
More than six million people cut or cancelled insurance cover in the six months to January 2023 to save money in the cost-of-living crisis, the Financial Conduct Authority has calculated.
Only 27% of brokers implementing Net Zero plans
Research by Aviva has revealed that only 27% of brokers are actively implementing Net Zero plans. However, the figure has risen from 17% in 2022.
Allianz seeks to move closer to brokers with new financial lines team in three regional hubs
Allianz Commercial has formed a financial lines team focusing solely on directors & officers cover and professional indemnity propositions.