Articles by Emmanuel Kenning
Brightside rejects revised Markerstudy offer
The board of Brightside has rejected Markerstudy’s revised offer as “fundamentally” undervaluing the broker and has dismissed the need for future takeover talks.
Markerstudy cuts Brightside offer to £100m and calls for clarity
Markerstudy has revealed that it has cut its offer for Brightside from 27p a share to 20-22p per share valuing the company at £100m at most, down from £123m previously.
What The Papers Say: September 2013
Michael Gaughan joined Andrew Pearce and Emmanuel Kenning to discuss the spat between Biba and the Law Society over solicitors’ professional indemnity insurance.
Transactor buys out London Market partner
Transactor has bought out the minority shareholding of G2 Consultants in Transactor London Market (TLM).
FCA warns brokers over Pacific Blu
The Financial Conduct Authority (FCA) has told insurance brokers to withdraw sales of Pacific Blu’s policies immediately.
Lorica adds seven
Lorica Insurance Brokers has appointed seven new starters in roles based in London, Birmingham and Hemel Hempstead.
EY nabs ex-FSA chief Nicoll
Sheila Nicoll, the former director of conduct policy at the Financial Services Authority (FSA), has joined EY’s asset management practice as a senior advisor.
UK Broker Awards 2013: Homer’s achievements celebrated
Five hundred attendees at Insurance Age’s UK Broker Awards celebrated the achievements of Andy Homer, as he received his award for promoting the general insurance broking industry throughout his career.
Chubb reveals cyber security product
Chubb has made cyber security insurance available for the first time through its Lloyd’s Syndicate, Chubb 1882.
Allianz confirms claims division changes
Allianz has announced a series of management appointments to its claims division in a move designed to increase technical expertise across property, motor and casualty lines.
Arthur J Gallagher confirms £233m cash purchase of Giles
Arthur J Gallagher (AJG) has confirmed a cash deal worth £233m for Giles funded through free cash and borrowings on its line of credit.
Nexus completes Torus Executive Risks acquisition with rebrand
Nexus Underwriting Management has taken sole ownership of Torus Executive Risks and re-named it as Nexus Executive Risks (NER).
Rise in PPI complaints takes FoS to new record
The Financial Ombudsman Service (FoS) has revealed that complaints between 1 January and 30 June 2013 reached a record high of 327,035, a 15% increase on the previous six months.
IIG launches contractors scheme
Incorporated Insurance Group (IIG) has launched a new contractors’ all-risks scheme, stating it made the move in response to broker demand.
Editor’s letter - September 2013
“It appears, at least at first glance, that insurers are staying true to their word that they are no longer chasing volume”
Jelf adds five to Insurance Partnership team
Jelf Insurance Partnership is expanding with five new appointments and the launch of a new service.
Direct Group hires Maude to aid claims service
Direct Group has hired Simon Maude to work across its claims management and validation business units.
TEn partners with ALPS
TEn Insurance Services has teamed up with Auto Legal Protection Services (ALPS) as its preferred partner on a range of legal protection products and services.
Incepta adds new recruit in broker partner drive
Incepta Risk Management has appointed Sonia Cottrell to its wholesale team as a business development executive.
Lexis Nexis reveals no-claims database launch date
Lexis Nexis Risk Solutions has confirmed that its no claims discount (NCD) module database will go live in September.
Liberty adds to commercial casualty team
Liberty Mutual Insurance (LMI) has made two new appointments and an internal promotion to grow its commercial casualty operation.
Rural reports substantial growth
Rural Insurance has announced almost 27% growth during the last financial year, Insurance Age can reveal.
LV revs up motorcycle offering after broker feedback
LV Broker is launching an enhanced motorcycle product which it claims to boast increases in cover and a wider underwriting appetite.
Towergate’s networks add nine
Broker Network & Countrywide has revealed that nine brokers signed up to the networks in the past two months.