Articles by Emmanuel Kenning
EY predicts slowdown in premium growth as cost of living pressures bite
UK insurers face slowing premium income growth this year, as high inflation, cost of living pressures and a rise in borrowing costs continue to hit product demand, according to EY.
FCA urges bosses to make Consumer Duty top personal priority in Dear CEO letter
Financial Conduct Authority leader Matt Brewis has written to general insurance businesses reminding them to embed the interests of customers into their firms’ culture and purpose.
Fitch warns of ‘dire’ profitability for insurers in ‘bleak’ picture
The outlook for UK home and motor insurers’ profitability “remains pretty dire for 2023”, according to Federico Faccio, senior director of EMEA insurance at Fitch Ratings.
Aon reports 4% commercial organic growth for Q4 2022
Aon has posted $2.59bn (£2.11bn) of profit for 2022, up from $1.26bn the year before when it was hit by over $1bn of costs from the failed merger with Willis Towers Watson.
PIB buys ABI in Italy
PIB Group has moved into the Italian market with its latest buy, expanding its portfolio, which already included offerings in Ireland, Germany, Poland, Spain and the Netherlands.
Partners& posts £14m group operating loss in first full year results
Partners& has reported group turnover of £22.2m in its first full set of audited results since being launched in April 2020.
Romero Insurance Brokers grows turnover and profit over 20% in 2022
Romero Insurance Brokers has posted a 29% rise in profit after tax to £3.84m as turnover soared 25% organically to £13.6m in the year to 30 April 2022.
Zurich boosts apprenticeships to 100 for 2023
Zurich has increased the number of apprenticeship places on offer in 2023 across the UK for external recruits and existing staff to 100.
Stubben Edge raises £5.6m as business valued at £175m
Stubben Edge Group has secured a further £5.6m in investment taking its total raised to over £20m.
Arch reveals four UK sector heads to get closer to brokers in underwriting structure shift
Arch Insurance has named UK leaders of property, casualty, specialty and digital underwriting and expanded the scope of its underwriting managers, with immediate effect.
Alan Boswell buys ARW Wealth Managers
Norwich-headquartered Alan Boswell Group has boosted its financial services offering buying ARW Wealth Managers.
David Howden hails double digit UK organic growth and promises more buys
Howden Group CEO, David Howden, has praised the “very strong” and “across the board” organic growth in the business’ UK “pillars” as he revealed the progress at Aston Lark and A Plan.
Howden posts 19% organic growth for 2022
International insurance group Howden has reported 19% organic revenue growth for 2022, the year it completed the purchase of Aston Lark.
Gallagher ends 2022 with its highest quarter of UK organic growth
Gallagher has posted organic growth in the UK of 17% for the final quarter of 2022.
Former NIG boss Greenwood named Direct Line acting CEO as James steps down
Direct Line Group has appointed Jon Greenwood as acting CEO following Penny James stepping down from the permanent role with immediate effect.
Biba eschews stuffing manifesto with simple, low hanging fruit, says White
The British Insurance Brokers’ Association’s manifesto is not a “bellyache” document but one full of solutions, CEO Steve White told Insurance Age.
Beazley launches private equity liability product
Beazley has rolled out a private equity liability insurance product designed to focus on the D&O risks within the long-term lifecycle of portfolios held by private equity firms.
Car premiums surge 19% in 2022
Comprehensive car insurance premiums increased sharply by 19% during the last 12 months, with UK motorists now paying £629 on average, according to the latest Car Insurance Price Index.
Movo buys CCS Insurance
Movo Partnership network has bought CCS Insurance adding £1.8m of gross written premium and three staff to the group.
Allianz aims to boost broker interaction as it restructures renewable energy
Allianz Engineering, Construction & Power has brought its renewable energy experts into one team, with the ambition of growing its green power portfolio.
Zurich to expand claims concierge service to commercial and SME mid-market customers from Q1
Zurich UK has launched a bespoke concierge service for its personal lines customers in a move it claimed was an industry-first.
Ecclesiastical calls on brokers as heritage sector faces “unprecedented” challenge
Ecclesiastical has launched its latest Heritage Risk Barometer to help brokers talk to heritage clients about the biggest risks they face in the short, medium and long-term.
Tysers reveals 20 new hires and commits to 2023 apprenticeship scheme
Tysers has added more than 20 staff this year, the Lloyd’s broker revealed, as it also confirmed plans to repeat its apprenticeship programme in 2023.
Saga confirms underwriting sale talks
Over 50s-group Saga has confirmed ongoing talks to sell its underwriting business Acromas Insurance.