Articles by Emmanuel Kenning
Devitt grew 10% in run-up to Gallagher sale
Romford-based Devitt Insurance Services has posted 10% growth in turnover to £14.43m for 2021.
Government summons ABI to meeting on FCA tower block insurance report
The Secretary of State for Levelling up, Housing & Communities has written to Hannah Gurga, director general of the Association of British Insurers, telling the industry to accelerate its work on multiple occupancy buildings insurance and solve the…
Government writes to Biba slamming “amoral” flats insurance commission and demanding change
Government minister Simon Clarke has written to Steve White, CEO of the British Insurance Brokers’ Association, demanding immediate changes to unfair commissions and a plan to reform market culture and practice after the regulator’s report into multi…
Biba welcomes FCA tower blocks insurance report and flags commission rate fall
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s report on insurance for multi-occupancy buildings and broadly supported the key recommendations but warned of "unintended consequences".
ABI commits to working “at pace” on pool sharing risk solution after FCA flats insurance report
The Association of British Insurers has responded to the Financial Conduct Authority’s report on insurance for multi-occupancy buildings in which the regulator called for a cross industry pool.
Staysure completes aggregator Payingtoomuch buy
Staysure Group has bought the remaining shares in travel insurance comparison site Payingtoomuch.
FCA recommends Biba works on risk pool “to limit commission costs” in flats insurance report
The Financial Conduct Authority has warned of “significant concern” over some broker commissions in the multi-occupancy buildings insurance market and taken aim at a lack of transparency by the insurance sector in its dealings with leaseholders as well…
FCA sets out pooling and lower commission in flats insurance review
The Financial Conduct Authority has delivered its recommendations and potential remedies to reform the multi-occupancy buildings insurance market including a cross industry pool and lowering commissions.
Biba launches second guide on underinsurance
The British Insurance Brokers’ Association has teamed up with QuestGates to publish a guide to valuations for members to use with their customers.
Somerset Bridge reports £49m loss after Arch Re takeover
Somerset Bridge Group has posted a £7m drop in turnover for its broking arm in 2021 to £50m.
PIB buys super yacht specialist Zorab Insurance Services
PIB has added to its specialisms division buying Zorab Insurance Services for an undisclosed sum.
Abbey posts turnover surge as profits rise in 2021
Abbey Insurance Brokers, which trades as AbbeyAutoline, has reported turnover of £26.6m for 2021, up 29.2% on the year before.
Covéa personal lines MD James Gearey departs
Covéa Insurance has confirmed that James Gearey, managing director of personal lines and protection, has left the business.
PIB revamps top team with Amwins and Aon hires
PIB Group has promoted Ryan Brown to deputy CEO, appointed Onno Janssen as CEO for Europe, and recruited Matthew Crane as CEO for underwriting with Bernard Mageean retiring among a string of executive management changes, Insurance Age can reveal.
TL Dallas posts 10% profit rise in 2021
TL Dallas Group has reported a 5.1% rise in turnover to £9.78m in 2021.
Stubben Edge secures £5.6m investment
UK-based Insurtech Stubben Edge has secured a £5.6m investment which it said will be used for further growth through new business and an “ambitious” M&A strategy.
Biba sets out top three broking wish list for new PM
The British Insurance Brokers’ Association is hoping for proportionate regulation, the introduction of an enhanced growth and competitiveness objective for regulators and changes to IPT, CEO Steve White told Insurance Age setting out its wish list for…
Analysis: Insurance dives deeper into returners talent pool
With an increasing number of insurance companies offering returners programmes Emmanuel Kenning looks into the benefits for all concerned as experts encourage even more firms to access this relatively untapped source of talent
Drop in complaints to FOS but buildings and motor insurance feature in top five
Buildings insurance and car/motorcycle insurance have featured in the Financial Ombudsman Service’s top five most complained about products for the first quarter of the financial year.
FCA keeps lid on travel spend in 2021/22
The Financial Conduct Authority only spent £106,958 on staff travel in the last financial year, a Freedom of Information request by Insurance Age has revealed, far below its annual multi-million pound pre-pandemic outlays.
DR&P Group strikes five deals in 2021 after Inflexion investment
Broker holding company DR&P Group made five acquisitions in 2021 after private equity house Inflexion invested in the business and secured funding from Ares Management, a filing at Companies House has revealed.
Howden open to sharing “journey” with fellow brokers as it targets plastic neutrality
Howden Group has pushed ahead with its plans to achieve plastic neutrality and stands ready to help other brokers go down the same path, Sophie Arup head of CSR has updated Insurance Age.
Markel launches media and entertainment product
Markel International has unveiled a new media and entertainment policy designed as a cross-class liability product.
Coalition’s broker-only cyber offering goes live
San Francisco-headquartered cyber insurance provider Coalition has begun trading in the UK.