Articles by Emmanuel Kenning
Two insurance brokers banned by FSA
The Financial Services Authority (FSA) has banned two insurance brokers, Andrew Porter and Alexander Brincat, from working in the financial services industry and withdrawn the permissions of Mr Brincat’s insurance firm Wise Owl Services.
Survey finds falling profitability for brokers
The latest Confederation of British Industry/PwC quarterly survey on financial services has revealed that general insurance brokers expect their volume of business and income to fall in the next three months.
National insurance fraud register launched
The Association of British Insurers (ABI) has provided further detail on the national insurance fraud register to be fully operational by early 2012.
Bulletin from Bordeaux: Axa’s global chief sees UK market hardening
In his third special report from Axa's media conference in Bordeaux, Emmanuel Kenning reports on UK commercial market hardening and Axa's global prospects.
Bulletin from Bordeaux: Axa targeting 96% COR
In his second report from Axa's media conference in Bordeaux, Emmanuel Kenning reveals the insurer's plans for broker commissions.
Bulletin from Bordeaux: Axa’s chief economist on the global economy
In a series of special reports, Emmanuel Kenning reports from Axa's Bordeaux media conference.
Profits fall at Oxygen
Oxygen Insurance has reported a fall in profits to £95,229 for the year ended 31 December 2010, a dramatic reduction from £707,398 the previous year.
Brokers rate motor top for growth in personal lines
A survey by Mapfre Assistance has rated motor as the product area most likely to drive growth for insurance brokers in personal lines over the next 12 months.
Motor cover for the young to average £3,600 in 2013 says Mazars
Accountancy firm Mazars has predicted motor insurance increases of at least 50% over the next two years for young drivers, taking their typical motor premium up to £3,600.
Solicitor responds to Jack Straw on referral fees
Des Collins, senior partner of Collins Solicitors, has welcomed Jack Straw’s comments on the need to clamp down on claims management companies and ban referral fees.
FCA to be tougher and bolder
The Financial Services Authority (FSA) has declared that its successor body, charged with conduct and markets regulation from the end of 2012, will be tougher, bolder and more engaged with consumers.
Jack Straw attacks referral fee system
Former Secretary of State for Justice, Jack Straw MP, has called for referral fees to be banned in an article published in The Times.
FSCS adds journalist to board
The Financial Services Authority has appointed Liz Barclay, David Weymouth and Jayne Nickalls as non-executive directors to the board of the Financial Services Compensation Scheme (FSCS).
Towergate kicks off acquisition spree with modest purchase
Towergate Insurance has purchased Tunbridge Wells-based BWA (Insurance Services) for an undisclosed sum.
Businesses wasting £1.4bn annually on corporate hospitality
UK businesses are wasting up to £1.4bn a year through unnecessary and avoidable weaknesses in the planning and execution of their corporate events and hospitality programmes, according to gdz event analysts.
E-broking 2011: E-trading capability will develop to achieve premiums of all sizes in future
At Insurance Age’s inaugural e-broking event, Andy Heap, director of Digital Reach, questioned current assumptions about e-trading and assessed how the situation would develop describing technology as “very clever people coding human behaviour.”
Get involved with Insurance Age’s Network Spotlight
Insurance Age has secured video interviews with 11 of the leading broker networks in the insurance market and during July the senior leaders will be put under the spotlight to answer your questions.
Sterling uncovers broker confidence schism
Research by Sterling Insurance has revealed that 65% of brokers are confident about commercial lines business growth prospects in the next 12 months while over half saw no prospect of growth in personal lines.
Elite declines to enter solicitors’ PI market
Elite Insurance, has decided against entering the solicitors’ professional indemnity (PI) insurance market this year reversing initial suggestions it would.
Legal experts criticise PRA announcement
The legal sector has roundly criticised the contents of the Financial Services Authority (FSA) and Bank of England’s joint paper describing it as worrying and raising more questions than answers.
Authorities set out PRA approach
The Bank of England and the Financial Services Authority (FSA) have published a joint paper setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach the supervision of insurers.
Continuous Insurance Enforcement commences
The Continuous Insurance Enforcement (CIE) legislation has come into force meaning warning letters will be sent to the registered keepers of uninsured vehicles.
Brokers warn that lessons not learnt from Independent
On the tenth anniversary of the demise of Independent Insurance brokers have expressed their fears that the insurance industry has not learnt from the insurer’s collapse.
Creating FCA and PRA to cost up to £175m
The Treasury has estimated that the cost of establishing the Prudential Regulation Authority (PRA) and transforming the Financial Services Authority (FSA) into the Financial Conduct Authority (FCA) could be between £115m-£175m.