Articles by Emmanuel Kenning
JLT thrives as Thistle struggles to produce profit
Jardine Lloyd Thompson Group (JLT) has announced a 9% growth in both revenue and profit before tax for the six months to 30 June 2011.
Solvency II should be delayed until 2014, says European Parliament
The Committee of Economic and Monetary Affairs of the European Parliament has released its draft report on Omnibus II with the proposal that the full requirements of Solvency II should not be implemented until 1 January 2014.
Businesses paying more quickly, survey claims
Research by Experian has revealed that large businesses in the UK improved payment performance by almost a day between the first and second quarters of 2011.
Premium increases cooling off, says AA
According to the latest British Insurance Premium Index from the AA, the rate of increase in both car and home insurance premiums has levelled off.
Profits plunge at Aspen
Aspen Insurance has revealed a net loss after tax of $141.5m (£86.5m) for the six months to 30 June 2011 in contrast to a profit of $127.2m in the same period of 2010.
Profits up at Lancashire Holdings
Bermuda-based Lancashire Holdings has announced an increase in net profit after tax for the second quarter of 2011 and the six month period ended 30 June 2011.
Brit sees profits plunge to £6.8m
Brit Insurance has reported a dramatic fall in profits before tax to £6.8m from £77.5m in 2010 in its half year results to 30 June.
BGL announces divisional changes
BGL Group has announced the appointments of Kal Atwal and Martin Overton to the main board as part of a restructure that has established four operating groups.
Admiral to keep referral fees
Chief executive officer of Admiral, Henry Engelhardt has defended the insurer’s stance on referral fees stating “We're not doing anything that I would not tell my mother about.”
Axa launches on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace.
Up to 50 redundancies announced at Crawford
Crawford & Company has confirmed that following a business review it expected to make up to 50 roles redundant across central support services and Crawford General Insurance.
Insurance Age blog: TDF - the greatest show on Earth
What if the market never hardens? What if this really is the “new normal”, would that really be so bad I wonder?
Lawyers issue warnings after Willis’ record £6.9m fine
Following Willis’ record £6.9m anti-bribery fine from the Financial Services Authority (FSA), the legal profession has warned insurance brokers on the need to have and implement relevant policies and procedures.
Aviva’s Matthews appointed to government commission
Trevor Matthews, chief executive officer for Aviva UK has been appointed to the Department for Business, Innovation and Skill’s UK Commission for Employment and Skills.
Willis responds to record £6.9m FSA fine
Insurance broking giant Willis has responded to the Financial Services Authority's (FSA) record breaking £6.895m fine to its subsidiary Willis Limited flagging up that it had been swift to engage with the regulator on the matter.
NIG unveils dedicated broker microsite in contractors push
NIG has announced a focus on increasing its contractors business book by offering improved cover levels along with a dedicated broker microsite.
NIG appoints senior BDM from Aviva
NIG has appointed Stewart McConachie as senior business development manager from Aviva with a remit to boost its broker-only business opportunities and product development.
UK motor grows 10% as Gibraltar overtakes Lloyd's
Ernst & Young has reported that the UK motor market grew by 10% in terms of gross written premium in 2010 to £13.4bn with growth in Gibraltar based insurers making it bigger than Lloyd’s.
European capacity still buoyant, says Marsh
Insurers are still vying for lucrative accounts and insurance capacity remains buoyant in Europe, the Middle East and Africa (EMEA), according to a new report published by Marsh.
1 Answer to expand into new premises
1 Answer Insurance has purchased new purpose-built premises within excess of 2,500 square foot which it will share with 1 Answer Network.
Victor Millwell rolls out self-service motor caravan portal to brokers
Victor Millwell has announced that its online portal MotorCaravan Plus has been opened up to the full broker market.
Axa Assistance reports rise in turnover and profit
Axa Assistance has announced a 5.2% increase in turnover to £829.2m (€929m) for 2010 from £788m in 2009 along with a rise in net profit to £17.8m (2009: £11.2m).
MMA moves to boost commercial underwriting nationwide
MMA Insurance has announced a series of new appointments and promotions across the country to expand its commercial underwriting team.
Business insolvency rate stabilises in UK
The latest Insolvency Index from Experian has revealed that mid-sized and large businesses performed better in June this year than in 2010.