Beazley
Interview - Karen Ellis: One's formula for success
With the management buyout of motor sport specialist Ellis Clowes & Company from THB, Karen Ellis has certainly made her mark. She talks to Amy Ellis about remaining in pole position in its niche.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
Career development & CSR news: Lloyd's launches bursary to help Tower Hamlets students
Lloyd's is seeking to ease the financial burden for university students with the launch of a new bursary scheme to help students in Tower Hamlets afford to continue their higher education.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Hardy responds to Beazley withdrawal with share buy-back
Hardy has revealed that the share buy-back programme announced on 26 November 2010 will now commence under existing authority from shareholders and will be administered by Peel Hunt.
Beazley withdraws interest in Hardy
Beazley’s final proposal of 350 pence per share has been rejected by Hardy.
Beazley adds Tolle and Cox to its PLC board
Beazley has announced that Rolf Tolle has been appointed as a non-executive director and Adrian Cox as an executive director, both with immediate effect.
Amlin targets professional lines with key appointment
Amlin has appointed Lloyd Fielder as leading class underwriter within its new professional lines business.
Beazley snowed under with a surge of event cancellation enquiries
Beazley said that widespread snow, ice and sub-zero temperature across the UK and Northern Europe – earlier in the year and more severe than ever before – have put thousands of events – pop concerts, sporting and racing fixtures, trade shows and theatres…
Transactional risks - Solutions: Coming of age
Companies with reinvigorated balance sheets are displaying renewed appetite for mergers and acquisitions. John McNally and Tim Allen detail how evolving transactional risk insurance solutions mean the market can meet their needs.
Hardy outlines share buy-back programme and third party capital deal
Hardy today announces that it has entered into an agreement for the provision of third party capital to syndicate 382 for the 2011 year of account.
Hardy still open to Beazley negotiations
Hardy's chief executive has said the insurer would be willing to discuss an improved offer from Beazley, despite the latter's threat to withdraw its renewed offer of 330p per share in cash after it was rejected.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Beazley appoints Ken Sroka to its board
Former head of product development at Zurich Financial Services, Ken Sroka has been appointed to the board of Beazley with effect from 12 November.
Hardy rejects Beazley's second bid
Hardy has rejected a renewed offer for all of its shares from Beazley.
Beazley extends data breach cover
Beazley has doubled the number of people eligible for notification and credit monitoring protection under its data breach insurance policy, Beazley Breach Response.
Equinox reveals plans to go global
Start-up trade credit managing general agent Equinox Global has outlined plans to move into Europe, Asia and the US, following its official launch this week.
Former Atradius staff launch trade credit MGA
Lloyd’s, Aspen and Liberty Mutual have joined the panel of a new managing general agent to enter the trade credit insurance market.
Underwriting Service Awards 2010 - full shortlist
The final shortlist for the inaugral Underwriting Service Awards 2010 have now been released - with the eventual winners due to be revealed at a special awards dinner in London on 17 November.
Post Intelligence Benchmarking - Commercial Insurers: Waving - or drowning?
Insurance 360's groundbreaking survey of commercial insurers' performance reveals which ones have got their acts together and which ones need to raise their game. Peter Joy reports.
Hardy boss accuses Beazley of undervaluing firm with offer
Hardy chief executive Barbara Merry has blamed a tough insurance cycle for the insurer trading below book value but said that is no reason for its shareholders to jump to accept Beazley's offer.
Editor's comment: Lloyd's soap rumbles on
As the clock ticked down to the Friday (15 October) deadline to complete a deal for Brit, the Dutch-domiciled insurer confirmed an extension has been granted to bidders Apollo and CVC Capital Partners.
Hardy: "opportunistic" Beazley offer undervalues business
Hardy has hit responded to Beazley's offer by commenting that the proposal "substantially undervalues the company".
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.