Articles by Emmanuel Kenning
Gallagher to buy Willis Re for up to $4bn
Gallagher has agreed to pay up to $4bn (£2.9bn) for Willis Re's treaty reinsurance brokerage operations, reviving the deal that was called off when Aon’s takeover of Willis Towers Watson collapsed.
Adam Winslow hails progress at Aviva and promises more to come
Aviva has grown across all commercial lines of business and all sizes of brokers this year, UK and Ireland general insurance business CEO Adam Winslow told Post.
Aviva posts highest half year GWP in UK for a decade
Aviva has recorded £2.49bn of gross written premium in the UK for the first half of 2021 up 8% on the same period of last year as it swung back to operating profit.
Intelligence: From the Wild, Wild West to the big five – a potted history of the broker software market
From police raids to junkets to Iceland, across being chased out of broker offices, legal spats, team lifts and more the history of the broking software sector is not short of incidents. Emmanuel Kenning met with a selection of the founders, movers and…
TIF Group’s UK travel insurance sales paused as URV and White Horse step back
Managing general agent Travel Insurance Facilities Group has confirmed it “hopes to be able to continue to offer travel insurance” as soon as possible after Union Reiseversicherung hit pause on new sales.
Case: Refusal to compromise client and colleague priorities behind merger cancellation
Aon CEO Greg Case has stressed in a letter to clients that the broker was confident of winning the US Department of Justice court case as he laid out the reasons for walking away from the Willis Towers Watson deal.
GRP deal for WTW NI business still on after mega-merger collapse
Global Risk Partners has confirmed to Post that its agreement with Willis Towers Watson to buy WTW’s commercial risk and broking business in Northern Ireland will still go ahead despite the cancellation of the WTW-Aon merger.
Gallagher to cancel debt and investigate share buyback as Willis Re deal thwarted
Arthur J Gallagher has confirmed the termination of its deal to buy certain assets from Willis Towers Watson including Willis Re for $3.57bn (£2.52bn) and laid out plans for the funds as the Aon-WTW merger collapsed.
Conor Brennan to lead acquisition vehicle Ardonagh Europe
The Ardonagh Group has made Conor Brennan CEO of Ardonagh Europe as it prepares to take its buy-and-build model to the continent.
Aon-WTW merger cancelled after DOJ legal impasse
Aon and Willis Towers Watson have ended their merger plans, citing the “impasse” with the US Department of Justice.
Q&A: Sian Fisher, CII
With ongoing arguments about the outcomes of the 2016 manifesto, the sale of Aldermanbury, proposals to deregister the Personal Finance Society, exam problems and more, Post posed key questions to Sian Fisher, CEO of the Chartered Insurance Institute.
Aspen adds Aileen Mathieson as group CIO
Aspen Insurance has appointed Aileen Mathieson as group chief investment officer.
AR consultation prompts stifling innovation concerns
A Financial Conduct Authority consultation on appointed representatives will tackle firms "circumventing" requirements, compliance consultants told Post, though concerns have been raised around barriers to entry and innovation.
Reinsurers face up to $400m bill for spectator free Tokyo Olympics
Reinsurers will see up to a $400m claims hit from a spectator free Tokyo Olympic Games, ratings agency Fitch has calculated.
Lloyd’s takes Eleanor Bucks from L&G as first CIO
Lloyd’s has recruited Eleanor Bucks from Legal & General for the newly created role of chief investment officer.
Flood Re confident on lowering levy to £135m for next financial year
Flood Re is confident that its build back better proposals and reduced insurer levy will soon get government approval, CEO Andy Bord has confirmed, as he detailed plans for the organisation to buy lower limits in its own reinsurance programme.
Somerset Bridge Group posts loss but rising Ebitda ahead of sale
Somerset Bridge Group has reported a loss after tax of £42.4m for the year ended 31 December 2020 ahead of being snapped up by Bermuda reinsurer Arch Re.
Beazley adds Troy Dehmann as COO
Beazley has appointed Troy Dehmann as chief operating officer with immediate effect replacing Ian Fantozzi.
FM Global names Malcolm Roberts as CEO with Tom Lawson retiring at year end
FM Global has appointed executive vice-president Malcolm Roberts as president and elected him to the company’s board of directors as of 1 August ahead of succeeding Thomas Lawson as CEO from 1 January 2022.
Hopwood hails 'major coup' as Zurich joins Hedron’s panel
Zurich Insurance has joined the panel of Global Risk Partners-owned network Hedron, Post can reveal.
RMS appoints Jason Futers as MD for UK insurance
Jason Futers has rejoined RMS taking up the post of managing director of its UK insurance business replacing Richard Irwin who has retired.
Covid-19 pandemic drives Biba turnover down 36%
The British Insurance Brokers’ Association’s turnover fell by 36% in 2020, however, funds ticked up slightly to just over £4m in the period.
CII to start member consultation in September
The Chartered Insurance Institute has revealed that it will begin a membership consultation programme in September to be completed by the end of the year with the key findings to be published in the first quarter of 2022 followed by the professional body…
PFS Solo activists call for fast release of CII AGM votes breakdown
Seven members of the PFS Solo campaign group have written to Sian Fisher, CEO of the Chartered Insurance Institute, calling for the voting details of the annual general meeting to be released this week.