Articles by Emmanuel Kenning
Hiscox “on the front foot” with brokers, says CEO Aki Hussain
Group CEO of Hiscox, Aki Hussain, has forecast further UK commercial growth, and a return to expansion in personal lines at the insurer in 2023.
Hiscox posts UK commercial growth for 2022
Hiscox has reported $778m (£657.8m) of gross written premium in the UK for 2022, as the wider group delivered its best underwriting performance since 2015.
International Women’s Day: Zurich’s Michelle Taylor – “we just have to have the conversation”
To mark International Women’s Day, Insurance Age met with Zurich’s Michelle Taylor to gather her insights on gender diversity in the market.
BoE warns of 20% hike in insurer failure risk from Solvency II reforms
The governor of the Bank of England, Andrew Bailey, has warned that proposed Solvency II reforms to loosen capital requirements will increase the risk of life insurer failure by 20%.
McClarrons adds marine specialist Soak Insure as AR
North Yorkshire-based McClarrons Insurance Brokers has expanded into the marine market, taking on specialist Soak Insure as an appointed representative.
Turnover down but profit up at Open GI for 2022
Open GI has posted a fall in revenue for the third year in a row in its results for the year ended 31 May 2022.
Long awaited regulator D&I consultation due in first half of 2023
Financial regulators have set a target of the first half of 2023 to publish the repeatedly delayed consultation paper on improving diversity and inclusion across the financial sector, a year behind the original plan.
Saga’s exclusive Acromas sale talks collapse
Talks between Saga and Australian insurtech Open Insurance Technologies to sell underwriting business Acromas Insurance have ended without a deal, the over-50s specialist has confirmed.
Polaris’s imarket hits new high with £322m premium in 2022
The number of policies traded on imarket, which connects broker software platforms to insurer systems for the placement of commercial lines, hit a record 497,883 in 2022, Polaris has revealed.
Beazley posts 14% GWP growth as profits nearly halve in 2022
Beazley has reported gross written premiums of $5.27bn (£4.4bn) for 2022, up by 14% on the year before.
Howden confirms Reich takeover
Howden has confirmed Insurance Age’s exclusive story that it has bought Reich Insurance Group.
BDP: Broking is not a boys’ club, says SJL CEO Simon Lancaster
The broking sector is changing, and while there is still work to do, progress on closing the gender gap is being made, according to SJL Insurance Services founder and CEO Simon Lancaster.
Howden buys Reich
Howden has bought Reich Group for an undisclosed sum, Insurance Age can reveal.
CFC targets start-ups and SMEs with intellectual property policy
CFC has launched a product specifically designed to protect start-ups and small businesses from threats to their intellectual property.
Profits and turnover up at Reich in 2022
Reich Insurance Brokers increased revenue organically by 10.4% to £14.68m in the year to 31 March 2022.
Ansvar rolls out clubs, groups and societies cover
Ansvar, part of the Benefact Group, has launched a clubs, groups and societies policy for associations or organisations dedicated to a particular interest or activity.
UK leads on insurer M&A while MGA market ‘buoyant’
The UK led the way on carrier mergers and acquisitions in Europe during 2022, as the overall region saw 127 deals – a 1.6% year-on-year rise.
Amb Insurance Services doubles with Mercer Jones & Company buy
Newcastle-under-Lyme-based Amb Insurance Services has snapped up Stoke on Trent-based Mercer Jones & Company taking its gross written premium up to £6m.
Axa grew UK and Ireland revenue 4% in 2022 but COR deteriorated to over 100%
Axa has posted €3.74bn (£3.3bn) of revenue in the UK and Ireland for 2022, up 4% from the previous year on a comparable basis, with growth in both commercial and personal lines.
Zurich flags rise in commercial crime claims as firms face average losses of £140,000
Theft at work in England and Wales has jumped by a fifth (19%), according to data released by Zurich.
Ageas confirms €23m December freeze hit as UK GWP drops
Ageas has reported an 11% fall in UK gross written premiums in 2022.
Open GI eyes pay-as-you-go market after Love Your Miles partnership move
Technology provider Open GI is eyeing up the growing pay-as-you-go market, after having entered the sector with online motor broker Love Your Miles in 2022.
Tysers exceeding expectations and forecasts, says AUB Group
Tysers delivered AU$18m (£10.16m) of pre-tax profit to AUB Group in the final three months of 2022, its new parent company has confirmed.
Customers, society and planet are at the heart of a three-year ABI strategy
The Association of British Insurers has rolled out a three-year strategy with a core focus of driving change to support customers, society and the planet.