Brit Insurance
Roundtable - mergers & acquisitions: Cautiously navigating the upturn
Recession and recovery, global ambition, super-mergers, market appetite, pricing, marrying business cultures and managing brokers' expectations were all topics of deeply involved discussion as a panel of industry big-hitters jousted at a recent Post and…
Zurich loses Purple panel spot
The Purple Partnership has made the second change to its core commercial insurer panel since its launch almost three years ago.
Interview - Ray Cox: True Brit
Brit may have taken its time in naming a new UK CEO, but now Ray Cox is in place he tells Jonathan Swift he is eager to build on his forerunner's legacy.
Trio joins Markel's MGA business
Markel International has sought to strengthen its managing general agent division with three senior appointments.
Brit appoints new group CRO
Brit Insurance has appointed Baldeep Johal to the newly created position of group chief risk officer.
Advantage to stop underwriting external broker business from 2012
Hastings Insurance Services has confirmed that its major insurance partner Gibraltar-based Advantage is to cease underwriting underwriting business through brokers outside the group.
Fitch takes Brit off negative watch
Fitch Ratings has affirmed Brit Insurance Limited's Insurer Financial Strength rating at 'A', and Brit Insurance Holdings N.V.'s Long-term Issuer Default Rating at 'BBB+' and its subordinated notes at 'BB+.
Niche business in favour as Banga expands role
Brit's new head of UK distribution Vivek Banga has revealed the insurer will aim to write more niche business as it looks to expand its UK broker footprint.
Paraline considers acquisitions and hires following launch
New Lloyd's venture Paraline has pledged to expand its geographical reach and range of products following its official launch last week.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
Brit reports 8.5% drop in GWP
Brit Insurance has reported an 8.5% reduction in gross written premium to £1.22bn for the nine-month period ended 30 September 2010 (3Q 2009: £1.33bn), a decrease of 9.0% at constant exchange rates.
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
Brit reports 8.5% drop in GWP
Brit Insurance has reported an 8.5% reduction in gross written premium to £1.22bn for the nine-month period ended 30 September 2010 (3Q 2009: £1.33bn), a decrease of 9.0% at constant exchange rates.
Brit promotes Jonathan Mudd
Mr Mudd, North American professional indemnity underwriter in its global markets business, has been promoted to class underwriter and takes up this new role with immediate effect.
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.
Regional review - Leeds: Leeds from the front
Leeds is a vibrant and thriving market, reports Amy Ellis, with many insurers —and possibly too many brokers — setting up shop in the heart of west Yorkshire.
In Series: Professionalism & CPD: The best of the best?
Lloyd's and the London market is tempting for graduates, with the potential of international business and a city base. But is there sufficient emphasis on formal career development? Rachel Gordon investigates.
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.
Brit confirms Banga as distribution chief
Brit Insurance has confirmed that Vivek Banga has been promoted to head of UK distribution replacing the outgoing Tim Grant.
Brit appoints new directors
Brit Insurance, has confirmed the appointment of four new board directors to its two main underwriting platforms: Brit Insurance Limited and Brit Syndicates Limited.
Brit extends deadline for Apollo bid
In a stock exchange announcement Dutch domiciled Brit has confirmed an extension has been granted to the deadline for a formal bid by Apollo and CVC Capital Partners.
Dual confirms Grant appointment
Dual Corporate Risks has confirmed the arrival of former Brit Insurance head of distribution Tim Grant as its head of e-business.
Brit's Groves awarded CII accolade
Alan Groves, Brit Insurance’s reinsurance contracts manager within its reinsurance business unit, has been awarded the Chartered Insurance Institute’s Rutter Prize.