Articles by Emmanuel Kenning
Fitch reveals UK insurer outlook stable for 2013
Fitch Ratings has maintained its stable outlook on the UK non-life insurance sector but highlighted that fundamental indicators in the sector remain weak and that it did not expect substantial market hardening next year.
Stackhouse Poland buys LFC
Stackhouse Poland has confirmed that it has reached an agreement to buy the business of LFC Insurance Brokers for an undisclosed sum.
Lloyd’s swings back to half-year profit
Lloyd’s has announced a profit of £1.53bn for the first six months of the year, reversing a loss of £697m in the same period of 2011.
Kissane no longer Kerry London Ltd chief executive
Damian Kissane, previously chief executive of Kerry London Limited, is no longer in the role according to details on the Financial Services Authority’s (FSA) register.
Motor insurance fraudster sentenced
A motor insurance fraudster has been sentenced to a six month community order and two month curfew after pleading guilty to insurance fraud and sending malicious communications to an insurer.
Purple partners with LV
Purple Partnership has teamed-up with insurer LV as a new commercial key partner for the network.
New Professionalism portal launched
Insurance Age has launched its new Professionalism section to deliver the ultimate platform for the industry to debate all the issues in the campaign for excellence in general insurance broking.
Fitch goes negative on outlook for Axa
Fitch Ratings has maintained Axa’s Insurer Financial Strength (IFS) rating at AA- but revised the outlook to negative from stable.
Gallagher buys specialist broker
Arthur J. Gallagher has bought Acumus, a specialist insurance advisor providing risk consulting and insurance services to the housing association sector.
Insurance sector sees rise in insolvencies
Research from Experian has revealed that there were 17 insurance-related insolvencies in August 2012, an increase of 30.8% on August 2011.
Share your views ahead of the launch of our new Professionalism site
Insurance Age is delighted to announce that its latest campaign on Professionalism in the industry, sponsored by Axa, will launch next week.
Coversure opens York office
Coversure has opened a new franchise office in York set up by former employee of Coversure Insurance Services, Mel Scott.
Groupama confirms pension fund injection ahead of sale
Groupama SA has confirmed that ahead of completion of the Ageas deal, £40m will be injected by Groupama Insurance Company Limited (GICL) into the pension fund which will be subsequently transferred to Groupama SA.
MCE takes on extra office after expansion
MCE Insurance is to take on additional premises following the expansion of its sales force.
Fitch rates Allianz as stable
Fitch Ratings has confirmed Allianz SE’s insurer financial strength and long-term default rating as AA- with a stable outlook.
Ageas UK confirms Groupama buy
Ageas has signed up to buy Groupama Insurance Company Limited (GICL) for £116m.
Weatherbys launches HNW broker
Weatherbys has teamed up with Charles Hamilton to launch high net worth intermediary Weatherbys Hamilton.
Aspen unveils new cyber covers
Aspen Risk Management has launched a range of insurance policies to help companies protect against the emerging risks relating to computers, data and cyber-crime.
Beazley links up with Evolution for PI
Beazley has signed up with Evolution Underwriting to provide Evolution’s broker panel exclusive access to capacity for UK-based professional indemnity risks with fee income of less than £35m.
Plus ça change but will it be the même chose?
Last Friday Ageas announced that it was in exclusive talks with Groupama about the UK business. The latter had been formally on the market since the start of this year and linked with pretty much every provider going, private equity and MBOs.
Andrew Chester appointed Bowring Marsh CEO
Andrew Chester is to replace Nick Bacon as chief executive officer of Bowring Marsh, on 1 October.
Direct Line confirms float plans
Direct Line Group (DLG) has announced it will seek a flotation on the London Stock Exchange.
Ceta adds to non-standard household panel
Ceta has appointed Prestige, Midas and Plum to its online quote-and-buy system in a move designed to strengthen its household panel with non-standard providers.
Speculation mounts around Direct Line flotation
Direct Line Group could tomorrow announce its intention to float on the London Stock Exchange, according to reports.