Brit Insurance
Wilson promoted to Brit deputy CEO
Brit's chief underwriting officer Matthew Wilson has been been promoted to group deputy CEO alongside his existing role.
Brit 2014 profits climb 40% as investment returns skyrocket
UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
Fairfax launches equity financing after Brit offer
Fairfax Financial Holdings has launched a C$650m (£337m) equity financing in light of the positive impact of its recommended cash offer for specialist insurer Brit on 17 February.
Brit to operate on 'decentralised basis', says Fairfax CEO
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Apollo and CVC accept Fairfax's £1.22bn Brit bid
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.
Third arm-sized bolt fractures on Cheesegrater
The owner of the recently opened London home for Aon and Amlin has admitted that a third steel bolt has fractured on the building, and that it will launch a replacement programme.
Brit launches Bermuda SPV for catastrophe capacity
Speciality insurer Brit has created a new special purpose vehicle to provide capacity support for its property treaty portfolio for 2015.
Ex-Amlin and QBE project leader Day replaces Hobbs as IUA programme director
The International Underwriting Association has appointed Louise Day as programme director to lead company involvement in the London Market’s modernisation programme.
Brit shrugs off 'variable' market conditions after chalking up 4.9% GWP rise
Brit CEO Mark Cloutier is confident his firm will continue to deliver “healthy returns” for shareholders after the Lloyd’s insurer unveiled a 4.9% increase in gross written premium to £990.7m (Q3 2013: £944m) in the third quarter.
Insurers sign up to cyber summit agreement with government
Twelve insurers have signed a joined pledge to more actively highlight cyber threats to UK businesses and work more closely with government to improve cyber security risk management.
Lloyd’s quartet partner with US homeland security chief to launch cyber insurer
Four Lloyd’s insurers will reportedly partner with the US’s first ever homeland security chief to set up a venture specialising in corporate cyber security policies.
Brit launches cyber cover for critical infrastructure operators
Global specialty insurer Brit has developed a new product designed to protect companies operating critical infrastructure and industrial machinery from malicious attacks.
Interview: Dane Douetil: Building businesses
Minova Insurance Holdings group chief executive Dane Douetil tells Post his ambitions for the company – including doubling its size in the next five years.
Brit IPO cost in line with expectations, claims Cloutier
Brit group chief executive Mark Cloutier has conceded he was not happy with the £14m cost of launching the firm's initial public offering, despite the figure being in line with expectations.
Brit profits hit by IPO costs
The costs of floating on the London Stock Exchange have seen Brit’s profits tumble 18% in the first half of 2014.
Underwriting hires in Miami aid Brit's regional platform expansion
Brit has bolstered its Miami-based Latin America and Caribbean platform with the addition of Carlos Becerra as vice president for underwriting and Jimena Salgado as an underwriter.
Beazley looks to Amlin for double hire
Beazley has expanded its UK homeowners insurance team with the appointment of two underwriters.
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.