Brit Insurance
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
Former Lloyd’s chair Taylor joins Pioneer board
Former Lloyd’s chairman Max Taylor has been appointed as chairman of the board at BMS owned-Pioneer Underwriting.
Career file - Dane Douetil: Ex-Brit boss Douetil takes helm as BMS group CEO
Broking group BMS Associates has named Brit Insurance chief executive Dane Douetil as group CEO.
Brit developing 'tactics' to counter Aon/Berkshire Hathaway type deals
Brit Insurance chief executive Mark Cloutier claims his firm has a “defensive strategy” in place to counter the impact of an increase in high-profile broker line slips.
Dane Douetil takes the reins at BMS Associates
BMS Associates has named Brit Insurance chief executive Dane Douetil as its new group CEO.
Covéa appoints Owen to newly-created post
Covéa Insurance has named Maureen Owen head of regions for the North.
Brit posts improved COR of 86%
Brit Insurance has reported a combined operating ratio of 86% for the first half of 2013 – an improvement from 92.8% in 2012.
Simply Business MBO to realise the ‘full potential’ of business
Simply Business chief executive Jason Stockwood has revealed the recent management buy out was prompted by a desire to clarify its shareholder structure.