Brit Insurance
Interview - Stewart McCulloch: Sticking to his knitting
The new CEO of Garwyn talks to Mairi MacDonald about getting the loss adjuster back on track by sticking to its core strengths while expanding its regional focus.
Lucas Fettes launches new classic car scheme
The new classic car scheme introduced by Lucas Fettes is underwritten by Brit Insurance.
Brit raids Zurich for new finance chief Scott Egan
Scott Egan is to take over as Brit Insurance's group chief financial officer.
Brit CEO: shareholders are key, not my own future
Brit Insurance has boosted profits and reduced its overall book, in what is expected to be its last set of results before its sale to Apollo Management.
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Brit cuts UK private motor book by 60% as it reports £72.8m profit
Brit Insurance this morning reported that profit before tax excluding the effect of foreign exchange on non-monetary items increased by 12.2% to £72.8m for the first six months of 2010 (30 June 2009: £64.9m). It recorded a profit before tax of £77.5m (30…
Brit deal in the balance
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
Apollo-Brit deal given 50:50 chance as PE house tipped not to raise bid
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
BIS countdown: The need for speed
Tim Grant explains why the increasing numbers of 'digital natives' means the industry must be alive to the potential of e-commerce now or regret it later.
Penny Black's insurance week
Last week RSA continued to celebrate its 300th anniversary with a bash on the Thames, which was attended by the great and the good of the firm from group CEO Andy Haste downwards.
Editor's comment: In search of a CEO
The news that Travelers chief operating officer Tony Dilley has left the UK business this week raised questions again about how the hunt is going for a successor to Martin Hudson, the business' CEO who departed in October 2009.
Brit raids RSA to ramp up liability team
Brit Insurance has appointed Tom Taylor as liability portfolio management underwriter.
Chubb underwriter joins Brit
Brit Insurance has appointed Denon Ambris as liability underwriter in its Birmingham office.
Brit rejects £10.50 share bid
The board of Brit Insurance has posted an update on the progress of its sale negotiations with private investment firm Apollo Global Management.
Interview - Lyndon Wood: Daring to be different
Moorhouse boss Lyndon Wood spent last year in the Dragon's Den. Literally. He talks to Mairi MacDonald about growth plans, admiration for Adrian Colosso and pigeon psychology.
AM Best affirms Brit’s A rating
Credit rating agency AM Best has affirmed Brit Insurance’s A rating and Brit Insurance Holding's ICR rating of BBB.
FSA to probe Apollo leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach for Brit Insurance.
Top 5 Post stories
The top five most popular stories on postonline.co.uk over the last week were:
Brit shareholders would back improved Apollo bid, claims report
Brit Insurance shareholders would reportedly back an improved bid by Apollo, the US private equity house, if one is forthcoming.
FSA to investigate Brit buy-out leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach of Brit Insurance.
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were: