Articles by Emmanuel Kenning
No new FCA skilled persons investigations into insurance in final quarter
The Financial Conduct Authority did not commission any skilled person reports in the insurance sector between January and March, leaving the running total for the 2024/25 financial year at 10.
Exiting Esure owner Bain Capital tipped to lead on $2bn Acrisure investment
A group led by private equity house Bain Capital is in discussions with US-headquartered Acrisure, owner of Eleven Network and a Top 100 UK Broker, to invest up to $2bn (£1.49bn), Bloomberg has reported.
FCA ends Scottish broker’s trading permissions after dual pricing attestation and response failures
The Financial Conduct Authority has cancelled L R Kennedy Insurance Services’ permission to carry out regulated activities with immediate effect.
Aviva Health boss Steve Bridger takes claims role as Waseem Malik exits
Aviva has appointed Steve Bridger as chief claims officer for UK and Ireland general insurance, replacing Waseem Malik, who has left the business.
SRG to add credit and political risk team from Tysers
Specialist Risk Group has signed up for Tysers’ credit and political risk (re)insurance team to join the business.
UK commercial rates falling faster – Marsh
The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall.
Axa swings back to UK underwriting profits in 2024
Axa Insurance UK returned to underwriting profit in 2024 with a £45m result, reversing a £103m deficit in 2023.
IPT receipts surge 9% to £8.88bn in 2024/25
Data from HMRC has confirmed receipts from Insurance Premium Tax jumped by £737m in the 2024/25 financial year reaching a new high of £8.88bn.
Ex-EY boss Tony Sault joins Oxbow Partners
Former EY leader Tony Sault has joined management consultancy Oxbow Partners, tasked with extending the UK and Ireland general insurance practice.
Brokers see growth opportunities in non-standard property
Brokers have ranked unoccupied homes as top of the key growth areas list in a Prestige Underwriting survey on the non-standard market.
UIB responds to SFO court case decision
United Insurance Brokers Limited has responded to the Serious Fraud Office’s decision to bring a case of failing to prevent international bribery with the charges to be heard at Westminster Magistrates’ Court on Wednesday 7 May.
Alan Boswell buys Suffolk broker
Alan Boswell Group has bought commercial insurance broker Andrew Thompson and Associates in its first deal of the year after two purchases in 2024.
Howden partners with the Lawn Tennis Association
Howden has served up a three-year partnership with the Lawn Tennis Association.
SFO accuses United Insurance Brokers of failing to prevent international bribery
The Serious Fraud Office has accused United Insurance Brokers Limited of failing to prevent international bribery and representatives of the company will appear before Westminster Magistrates’ Court on Wednesday 7 May to face the charges.
Axa warns brokers on criminal gangs targeting vacant commercial properties
Axa UK has urged brokers to make sure customers are vigilant about criminal gangs targeting empty commercial properties as the insurer has seen a steep rise in the problem in recent months.
A-Plan details £3.6m rebrand spend as turnover ticks up but profits dip in 2024
A-Plan, now rebranded as Howden, grew turnover by 2.1% to £167.3m in the year ended 30 September 2024 as investments in staff, rebrand costs and IT spend hit the bottom line.
Markel to buy London-headquartered marine MGA
Markel has inked a deal to buy specialist marine managing general agent The MECO Group.
New owners reveal Academy and Premierline deal costs
Academy Insurance Services’ previous owner Vmans cost £7.87m while the bill for Premierline came in at £4.12m, filings at Companies House have revealed.
Gallagher tipped to win the race for PIB
A deal for Gallagher to buy PIB is said to be “80% done”, sister title Insurance Post has revealed.
Ceta posts turnover and profit growth in run-up to sale
Digital niche personal lines and SME broker Ceta Insurance grew turnover by 23% in the year parent Atec Group was bought by European private equity investor Perwyn.
Ageas CEO Middle reassures brokers after Esure deal
Ageas will keep its focus on growing with brokers, CEO Ant Middle committed, as the Esure takeover creates a “balanced” portfolio with 50% of business still through the broking channel.
Brown & Brown buys SME broker
Brown & Brown (Europe) has bought Irvine Commercial Insurance Brokers in its third deal of the year.
Partners& creates nine leadership roles
Partners& has restructured its general insurance business creating nine new managing partners roles across the UK.
Ripe completes GJW Direct buy
Ripe has bought boat insurance specialist GJW Direct from Munich Re Specialty.