Articles by Emmanuel Kenning
FCA’s Mills commits to using all regulatory tools in flats insurance update
Sheldon Mills, executive director of consumers and competition at the Financial Conduct Authority, has promised to use all regulatory tools at the watchdog’s disposal in an update on progress for multi-occupancy buildings insurance.
Biba adds Iprism for high value home scheme
The British Insurance Brokers’ Association has appointed Iprism Underwriting to provide members with access to a high value home insurance scheme, Insurance Age can reveal.
MCE administrator report reveals £35m HMRC claim as totals soar
The administrator of MCE Insurance has received £155.7m in unsecured claims from trade and expense creditors with the figure ballooning from £32.3m, the latest progress report has revealed.
ABI campaigning for IPT cut
There has never been a greater need for a cut in Insurance Premium Tax according to the Association of British Insurers as it campaigns for an immediate drop in the rate.
A leap yeAR blog
On this different numerical day, Emmanuel Kenning takes a look at two sets of intriguing stats from the past month.
Ageas weighs up £3.1bn Direct Line bid
Ageas has confirmed a possible offer for Direct Line Insurance Group valuing the business at £3.1bn.
Ageas reveals 20% UK GWP growth in 2023
Ageas has reported a 20% hike in UK gross written premiums to €1.49bn (£1.27bn) for 2023, as profits in the European division rose.
RSA’s Cath Frost moves to Hiscox as UK COO
Hiscox has appointed Cath Frost as UK chief operating officer from RSA where she was mid-market managing director for UK commercial lines.
RSA reveals revamped commercial lines leadership team
RSA Insurance has made a number of changes to its commercial lines leadership team ahead of the completion of the takeover of NIG and FarmWeb.
FCA promises more speed and transparency on enforcement cases
The Financial Conduct Authority has committed to carrying out enforcement cases more quickly as it opened a consultation on a “step change” in being more transparent when opening an investigation into a firm.
Marine MGA Amphitrite gets full FCA approval
Amphitrite Underwriting London has confirmed receiving full authorisation from the Financial Conduct Authority on 31 January 2024.
Holmes promises to ramp up focus on smaller brokers and across mid-market
Allianz has been growing in SME business and will push ahead further with smaller brokers this year alongside targeting growth in mid-market, according to UK CEO Colm Holmes.
Allianz Holdings tops £4bn for first time with profits surging in 2023
Allianz Holdings grew gross written premiums by 7.4% in 2023 as operating profits jumped 65% reversing the fall in 2022.
C-Quence enhances management liability with legal expenses
C-Quence has unveiled ML6, enhancing its management liability offering with a legal expenses module and the addition of a range of client support services.
Aon-NFP deal clears key hurdle in US
Aon’s $13.4bn (£10.6bn) purchase of NFP has passed a crucial test in the US, with the transaction still expected to close in the middle of this year.
April leaders on moving into UK with Lexham buy
Moving into the UK with the purchase of Lexham is part of a plan to build Europe’s premier two-wheels specialist broker, rather than the start of a buying frenzy as a new consolidator, April Group leaders have confirmed.
FCA survey outlines broker Consumer Duty performance and room for improvement
The Financial Conduct Authority has released the findings of a survey of 634 mainly SME firms, including 82 personal and commercial lines intermediaries, on compliance and action taken in response to the Consumer Duty.
Partners& adds two brokers in Midlands
Partners& has snapped up Monaco Insurance Services and Church Side Insurance Services to boost its presence in the Midlands.
Ex-Aviva boss Andrew Moss joins Brown & Brown (Europe) board
Former Aviva group CEO Andrew Moss has joined the board of Brown & Brown (Europe).
Tint’s Jodi Cartwright on shifting the customer acquisition timeline
Tint Financial Services is targeting going live with broking before the end of the year with the goal of becoming an award-winning broker, chief commercial officer Jodi Cartwright has confirmed.
“Strong momentum” in UK commercial at QBE as international business rises in 2023
QBE has reported a 17% rise in net insurance revenue and gross written premiums for international business in 2023.
Insurance surge of 28% drives 2023 revenue growth at Moneysupermarket
Aggregator Moneysupermarket grew insurance revenue by 28% to £220m last year as group revenue rose 11%.
Mathews on his trust and growth mission at SSP
The foundations have been laid at SSP and with a programme of enhancements to roll out in 2024, the software house is confident of delivering for customers on the road to user growth next year, according to Martyn Mathews, managing director of SSP Broker.
Simon McGinn builds Dual team with Allianz’s Catherine Dixon as CUO
Dual UK has appointed Catherine Dixon as chief underwriting officer and Rob Corner to the new role of chief distribution officer, reporting to CEO Simon McGinn.