Articles by Emmanuel Kenning
Swiss Re pegs H1 Covid-19 losses at $2.5bn
Swiss Re has predicted $2.5bn (£1.96bn) of pre-tax Covid-19 losses in the first six months of 2020 will drive its half year results to a $1.1bn loss.
Tansar administration after collapsed sales talks leaves Gefion facing £5.4m shortfall
Unrated Danish insurer Gefion is due to receive just 3% of the £5.5m owed by Tansar Holdings, which has been put into administration.
Brit digital syndicate Ki takes Dan Hearsum from Marsh as MD
Digital algorithmically-driven Lloyd’s of London syndicate Ki has appointed Dan Hearsum as managing director joining from Marsh JLT Specialty where he was head of placement for the specialty business in the UK.
Former insurance business development head Laurence Ives jailed for sexual offences against children
Laurence Ives, 55, of Western Road, Leigh, has been jailed for four years and placed on the sex offender register for ten years for committing 15 sexual offences against children.
QBE warns of $335m Covid underwriting hit for H1
QBE has predicted it will deliver a $750m (£581.7m) post tax loss when its half year results for 2020 are published next month.
McCaffrey targets 10 deals for MVP and Ataraxia
Minority Venture Partners and Ataraxia CEO James McCaffrey is confident the businesses will strike up to 10 deals in the next 12 months, he told Post.
CMA launches merger inquiry into Ardonagh-Bennetts deal
The Competition and Markets Authority has opened a merger inquiry into the proposed takeover of Bennetts Motorcyling Services by Ardonagh Group.
Munich Re adds €700m to Covid impact total
Munich Re was hit by €700m (£631.7m) of Covid-19 related reinsurance losses in the second quarter taking its year to date figure to €1.5bn, the reinsurer has revealed.
Ex-Sure Thing boss Devine made CEO at Ceta owner
Brendan Devine has been appointed CEO of Atec Group, which trades under the brand names Ceta Insurance, Arkel Underwriting and Insure My.
Biba welcomes FCA consultation on SMCR deadline extension
The consultation by the Financial Conduct Authority on extending the deadline for the implementation of conduct rules is “welcome news”, according to David Sparkes, head of compliance and training at the British Insurance Brokers’ Association.
In-depth: How the life sciences sector is supporting the fight against Covid-19
The industry has found itself under the spotlight for all the wrong reasons during the Covid-19 pandemic. However, one area where it should be singing its praises is life sciences. Post investigates how brokers and insurers have supported the quest for…
PIB reveals £75.6m acquisitions bill for 2019
PIB Group’s bill for buying five companies last year was £75.6m, according to a filing at Companies House, which also revealed the results of stress tests to assess the impact of Covid-19.
Barnaby Rugge-Price appointed chair of Howden Broking Group
Howden Broking Group has appointed Barnaby Rugge-Price as chair returning to the helm of the broking business from his recent position as CEO of Hyperion X.
Joint liquidators appointed for Gefion
Søren Aamann Jensen from the Danish law firm Kromann Reumert and Troels Askerud from Gefion have been appointed as joint liquidators of Gefion Insurance.
Andrew Tunnicliffe returns to Aon as UK chairman for global and specialty
Andrew Tunnicliffe has rejoined Aon in the newly created role of UK chairman, global and specialty, part of its commercial risk solutions, health solutions and affinity business.
Sam White launches Australian MGA Stella with £80m target
Pukka-owner Freedom Services Group has teamed up with private equity firm Envest and others to launch Stella Insurance, a digital managing general agent providing female-centric motor insurance in Australia.
Q&A: David Martin, Zurich
Zurich’s head of retail management David Martin spoke about joining the provider after 18 years with Allianz, pushing a digital strategy, leadership and management during the Covid-19 crisis as well as how he came into insurance.
CMA keeps up dual pricing pressure on insurers and regulators
Effective remedies are still needed to address the scale of the dual pricing problem in insurance, according to the latest update from the Competition and Markets Authority.
Wunelli and Smart Driver Club founder Penny Searles joins Trakm8 as NED
Trakm8 has appointed Penny Searles as a non-executive director to help lead on the vehicle technology specialist’s strategic vision and commercial growth.
Zurich offers free Covid-19 antibody testing to all employees and families
Zurich Insurance is offering all UK employees a Covid-19 antibody (serology) test for free.
Gallagher-backing and US opportunities will help drive growth, says Capsicum Re boss Swallow
Capsicum Re’s new chairman Raja Balasuriya is a “force to be reckoned with,” CEO Rupert Swallow told Post as the reinsurance broker unveiled the executive committee team line-up designed to lead the business through its next phase of growth.
Analysis: The Covid crunch in insurer results
With analysts cautioning the Covid crunch will begin to bite insurers in the second quarter of 2020, Post investigates what impact the coronavirus pandemic has already had in the first quarter
Peter Staddon joins Trilogy MGA as NED
Trilogy Managing General Agents has appointed Peter Staddon as a non-executive director, effective immediately.
Dye and Adams extend ABI roles into 2021
Jon Dye, the chair of the Association of British Insurers, and deputy chair Julian Adams have both agreed to stay in their roles at the association into 2021.