Articles by Emmanuel Kenning
SSP users hopeful of investment as takeover nears completion
Users have expressed hope that SSP’s expected takeover by Canadian-listed Constellation Software will lead to investment in the technology company as it exits private equity ownership.
Intelligence: Gaming the new frontier
The insurance needs of the gaming sector are complicated and ever evolving but there are plenty of opportunities for those prepared to immerse themselves in this flourishing market.
FCA fines more than halve to £192.6m in 2020
The Financial Conduct Authority imposed fines of £192,570,018 in 2020, the third lowest total on record since the watchdog was formed in 2013.
Iprism swings back to profit in 2020
Iprism Underwriting Agency has returned to profit in 2020 with a bottom line result of £435,365 reversing its £761,988 loss the year before when it was hit by restructuring costs.
Jeff Brinley named Be Wiser CEO as Sharon Beckett steps down
Jeff Brinley has been named Be Wiser CEO with Sharon Beckett having left the role this year, Post can reveal.
FCA reports 30% drop in broker liquidity and warns 4000 financial firms are at risk of failure
The Financial Conduct Authority’s coronavirus financial resilience survey has revealed that insurance broker liquidity fell by 30% due to the pandemic, the largest drop measured in any sector.
Cécile Fresneau adds syndicate active underwriter role at QBE as David Harries retires
David Harries, active underwriter of QBE Syndicate 386 and head of financial lines will be stepping down and handing over to UK insurance executive director Cécile Fresneau, the provider has confirmed.
Clear makes Mike Edgeley CEO as Lickens moves to chairman role
The Clear Group has appointed former A-Plan managing director Mike Edgeley as CEO with founder Howard Lickens moving to become executive chairman.
Adam Boakes hails opportunities as first joint Ataraxia-MVP broker deal completes
Ataraxia and Minority Venture Partners have facilitated the merger of Altrincham-based Alan Stevenson Partnership and Seacombe Insurance Brokers taking a minority stake in the business.
Cheryl Agius steps down as Saga Insurance boss
Cheryl Agius has stepped down as CEO of Saga Insurance with immediate effect for personal reasons, the company has confirmed.
Mark Versey appointed CEO of Aviva Investors
Aviva has appointed Mark Versey as CEO of Aviva Investors replacing Euan Munro.
Allianz receives Armed Forces Covenant employer recognition scheme bronze award
Allianz Insurance signed the Armed Forces Covenant in November receiving its employer recognition scheme bronze award.
Modest hardening in UK property reinsurance as European motor ticks up
The annual 1 January reinsurance renewal season delivered firmer pricing for UK property risks, according to Willis Re as its figures also indicated another year of strong rises in motor.
Analysis: From bench to bed – insuring vaccine distribution
The insurance industry has reacted well to the challenge of covering the needs of those producing and transporting Covid-19 vaccines around the world and across the UK, experts tell Post, predicting it will continue to play its part in supporting efforts…
Fresh defendants strike back against Kingfisher denying sale and data wrongdoing
The seven defendants in the ongoing legal case between the sellers of Fresh Insurance and Kingfisher have struck back denying the accusations of data protection breaches and fraudulent misrepresentation while claiming that the buyers sacked key directors…
CPC flags Lockton admissions in ongoing court case
Combined Property Control has reported that it will rely on admissions made by Lockton as it replied to the broker’s defence document submitted to the High Court in their ongoing legal dispute.
Hiscox confirms Tom Shewry as UK CFO
Hiscox has appointed Tom Shewry as chief financial officer for its UK business and Hiscox Insurance Company.
Brit names RSA’s Gavin Wilkinson as group CFO
Brit has appointed Gavin Wilkinson as group chief financial officer, joining from RSA where he is currently CFO for Scandinavia.
DLG issues inaugural environment progress reports and 2021 targets
Direct Line Group has become a carbon neutral company and is targeting a net carbon neutral investment portfolio by 2050, the insurer detailed in a pair of documents released at the end of 2020.
East West administrators reveal 194 open claims and £165m shortfall
East West Insurance had 194 open insurance claims as of 12 October, administrator EY has confirmed.
Q&A: Tom Murphy, Machine Learning Programs
Machine Learning Programs was bought by Open GI last year only one year after it launched. CEO Tom Murphy shares his views on the power of AI and the future for insurance as well as telling Post how he got into the sector.
Insurers face £1.4m shortfall from Inspire failure
Insurance providers are set to be left with a £1.4m hole from the collapse of Coventry-based Inspire Insurance Services, with the broker's total deficit estimated at £2.7m by liquidators.
Be Wiser makes board changes
Be Wiser has reshaped its board again with a new chair and hiring former Endsleigh CEO Jeff Brinley as chief financial officer, Joe Copp as group chief operating officer and David Russell as chief risk and compliance officer.
Tasker targeting up to five more deals in 2021 after Numark buy
Tasker Insurance Brokers is looking to expands its regional footprint with a series of hub purchases next year, group CEO Rob Organ told Post.