Brit Insurance
Former Brit UK CEO Burrows departs Axa
The former chief executive of Brit Insurance UK has resigned his role non-executive director, ending a three tenure at the insurer.
Simmons becomes Ecclesiastical's first UK commercial director
Ecclesiastical has appointed Kevin Simmons to the newly created role of commercial director in its UK general insurance business.
Brit poised for promotion to FTSE 250 exchange
Brit Insurance is to be included on the FTSE 250 index on the London Stock Exchange as part of a quarterly reshuffle of listed firms.
Brit chalks up marginal GWP growth in Q1
Growth of 8.2% within Brit’s direct business contributed to group-wide gross written premium of £336.5m in the opening three months of the year (Q1 2013: £332.6m).
Brit snaps up renewal rights to QBE's aviation business
Brit has reached an agreement to acquire the renewal rights to QBE’s London-based dedicated Lloyd’s aviation business.
Brit IPO raises £240m for shareholders
Lloyd’s insurer Brit has priced its shares at 240p each as part of its IPO which has raised around £240m for shareholders.
Prettejohn linked with Lloyds Bank non-exec seat
Nick Prettejohn is to be named a non-executive at Lloyds Banking Group according to a report from the Financial Times.
Former Lloyd’s CEO Prettejohn steps down from PRA
Former Lloyd’s chief executive and Brit chairman Nick Prettejohn is to step down from the board of the Prudential Regulatory Authority.
Brit confirms plans for April float in London
Brit has confirmed plans to float on the London Stock Exchange in an initial public offering will come to fruition in April.
Brit achieves record COR following benign cat year
Brit Insurance chalked up a record combined operating ratio of 85.2% in its second full year since turning its focus to global specialty underwriting at Lloyd’s.
Brit reported to be eyeing £900m stock market return
Brit Insurance has been tipped with a stock market return in a £900m float, three years after it was made private following its acquisition by private equity consortium Achilles.
Market Moves - 23 January 2014
Catch up on the movers and shakers in this insurance industry this week.
Brit raids Amlin for UK property underwriting trio
Brit Group has appointed three senior underwriters from Amlin to develop a new UK property portfolio.
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward
Editor's comment: Ladies first (at last)
When I joined the insurance market in 2004, just under 10 years ago, the ‘required’ dress code for me to enter the hallowed halls of Lloyd’s of London was a skirt or dress.
Career File - Richard Ward: Departing Lloyd's CEO named Brit chairman
Lloyd's chief executive Richard Ward will become Brit Insurance Holdings chairman once he steps down from his current role at the end of the year.
Interview: Brent Escott: Change for the better
Brent Escott has seen it all, with his 20-year career covering most areas of the insurance industry. So did becoming CEO of under-fire Card Protection Plan faze him? Not a bit.
Departing Lloyd's CEO Ward named chairman of Brit
Lloyd’s chief executive Richard Ward will take up the position of chairman at Brit Insurance Holdings once he steps down from his current role at the end of the year.
IFB names Riverstone claims manager as head of ops
The Insurance Fraud Bureau has recruited Riverstone Insurance’s claims intervention manager to serve as its new head of operations.
Market Moves: Axa leads the way with a batch of new recruits as Hanks re-emerges at Liberty
Insurance industry recruitment picked up this week, with insurers and brokers alike busy hiring new staff. Axa was among the most prolific, while HCC, AIG, Bluefin and Keelan Westall were also active. The week also saw the return of former Allianz boss…
Brit expands global distribution network with Bermuda office opening
Brit is targeting an expansion of its distribution network with the opening of a Bermuda office.
Brit hires ex-Markel SVP Bonanno to head up Bermuda office
Brit is targeting an expansion of its distribution network with the opening of an office in Bermuda.
Underwriters under pressure to secure facility deals to remain in London market
Lloyd’s underwriters have been warned they may have to secure facility deals with brokers in order to conduct business in the market in the future, despite a question mark remaining over whether these practices are anti-competitive.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s