Articles by Emmanuel Kenning
GI complaints to FOS drop as workload soars in first half of 2024
While the Financial Ombudsman Service’s workload surged upwards by 43% in the first half of the year, the number of general insurance and pure protection complaints fell by 8% compared to the start of 2023, new figures have revealed.
UK commercial pricing downturn accelerates – Marsh
UK insurance rates fell 5% in the third quarter, the fastest rate of decline since the drop started at the start of 2024, according to research by Marsh.
Policy Expert owner Qmetric swings back to operating profit
Qmetric, which trades as personal lines specialist Policy Expert, returned to operating profit and pushed Ebitda into the black last financial year with turnover and customer numbers rising.
Aviva signs three-year property deal with Rokstone
Managing general agent Rokstone, part of the Aventum Group, has inked a three-year binding authority agreement with Aviva for its direct & facultative property portfolio.
Interview: Hiscox UK COO Cath Frost on delivering operational excellence for brokers
Having joined Hiscox this April UK COO Cath Frost has already seen operational improvements but there is more to come from the insurer she promises brokers.
Markerstudy confirms motor specialist Collingwood buy
A spokesperson for Markerstudy Group has confirmed that backer Pollen Street Capital, in conjunction with Markerstudy, has agreed to buy Gibraltar-based Collingwood Insurance Services.
Complete Cover lost £1.7m in run-up to run-off
Complete Cover Group lost £1.68m in 2023 with turnover tumbling to £2.7m ahead of the car and van specialist broker going into run-off.
Home insurance stays in the red at 118% NCR with more losses to come – EY
The UK home insurance industry delivered a loss-making net combined ratio of 118% in 2023, worse than predicted with more red ink to follow in 2024, according to EY.
Across the board uplifts at Avantia
Avantia Insurance delivered double digit increases in turnover and post-tax profits in 2023, repeating the achievements of previous years.
DR&P deals costs revealed in run-up to BMS sale
DR&P spent more than £12m on five acquisitions in the financial year ahead of selling up to BMS, filings at Companies House have revealed.
Seventeen Group lifts turnover in 2023
Seventeen Group boosted turnover by 21.8% to £45.31m in 2023 on the back of acquisitions and organic growth, as it trimmed losses compared to the year before.
CII institute pushes back into the operating black
The institute arm of the Chartered Insurance Institute Group returned to operating profit in 2023 with a £745,000 surplus after three years of red ink.
Third quarter of car insurance price falls – WTW/Confused
Comprehensive car insurance premiums have now dropped year-on-year after a third consecutive quarterly fall in prices, according to the latest findings by WTW and Confused.
Chubb launches construction industry practice
Chubb has launched a construction industry practice in the UK and Ireland ready to trade locally with brokers across its branch network as it also unveiled a new product for the sector.
Ardonagh completes PSC buy
Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.
Ageas and Saga in £207.5m deal talks
Ageas has entered exclusive negotiations with Saga on a 20-year affinity partnership and buying Acromas in a package worth up to £207.5m.
TBIG-backed Beam buys Julie Price & Co
JPM Group, trading as Beam Insurance Solutions, has bought Hinkley-based £2m gross written premium broker Julie Price & Co.
Romero posts £3m profit
Romero Insurance Brokers has reported £2.93m of post-tax profit in truncated results as it shifted its financial year end after being bought by AssuredPartners.
One Call posts turnover growth as tax and interest bite in 2023
One Call Insurance Services has revealed turnover and pre-tax profit rises for 2023 as tax and interest charges hit the bottom line.
Interview: JMG’s Nick Houghton – Painting the broking picture
JMG boss Nick Houghton prefers lists over spaghetti structures. He shares his passion for art, his approach to building the lauded Leeds-headquartered business and his route into insurance as well as the broad strokes of what comes next.
Markerstudy reveals £63m Clegg Gifford purchase bill
Markerstudy has confirmed it spent £63.63m on snapping up Clegg Gifford Holdings and its subsidiaries last year.
Addept Insurance boosts capacity for double product launch
Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK).
JMG adds Grosvenor Insurance
Chester-based Grosvenor Insurance has joined the JMG Group.
Organic growth boosts TL Dallas to £13m turnover in 2023
Bradford-headquartered TL Dallas Group topped £1m in post-tax profit in 2023 as turnover rose 14.2%.