Brit Insurance
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.
Top 100 UK insurers - 2009
AM Best's top 100 insurer rankings in full, according to Financial Services Authority returns for 2009.
BIS 2010 - News: Jury out on e-commerce potential of social network sites
The jury is out as to whether social networking sites will lead to e-commerce opportunities, according to Vivek Banga, UK distribution leader, small business and personal lines at Brit Insurance.
Top 100 UK insurers - Top 20 spotlight
Sponsored by KPMG
Brit opens books to private equity
Brit has 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 for each share in cash.
BIS 2010: Jury out on e-commerce potential of social network sites
The jury is out as to whether social networking sites will lead to e-commerce, according to Vivek Banga, UK distribution leader, small business and personal lines for Brit Insurance.
Sports sponsorship: A sporting frenzy
At first glance, sports stars and insurers wouldn't appear to have much in common but, with the benefits of sports sponsorship proving their worth, Daniel Dunkley asks is it any wonder everyone is trying to get in on the action?
In series - claims management: Reflecting on feedback
Meeting policyholder expectations can put you one step ahead of your competitors, but to know what your customers want, you'll have to ask them. Sam Barrett finds out to what extent insurance companies integrate customer feedback on claims service.