Brit Insurance
Simply Business parts ways with Brit after completing MBO
Simply Business has finally completed a management buy-out with backing from European equity firm Ana Cap.
Argo International hires Brit's Jackson as head of compliance
Lloyd’s insurer Argo International has appointed Mike Jackson as head of compliance.
Brit adopts Xchanging’s Fees Direct Plus
Xchanging, the business process, procurement and technology services provider has today announced Brit Insurance as a customer of its enhanced Fees Direct offering, Fees Direct Plus.
Covéa appoints ex-Brit distribution boss Tim Grant
Covéa Insurance has appointed Tim Grant to the newly created position of micro SME leader.
Ferneyhough joins Brit as strategy director
Brit has appointed insurance analyst Joy Ferneyhough to the newly created role of director of strategy and corporate development.
Prettejohn to leave Brit
Brit Insurance’s non-executive director Nicholas Prettejohn will retire from the company’s board at the end of June, following his appointment as non-executive director of the Prudential Regulation Authority.
News Review: 13 June 2013
News Review
Market Moves: Broking sector has quiet week apart from a new COO role created at BMS
The recruitment merry-go-round produced a mixed bag of hires this week, with Covéa taking a lead role on behalf of insurers. The broking sector, usually a hive of market hiring activity, threw up little of note – although BMS Group proved the exception…
Brit enters political & credit risk market
Brit has entered the political & credit risk market with the appointments of Peter Jenkins and John Lentaigne as co-heads of the new division.
Brit chairman Prettejohn joins PRA board
Brit Insurance chairman and former Lloyd’s chief executive Nick Prettejohn is joining the board of the Prudential Regulation Authority following approval by the Chancellor of the Exchequer.
Ex-Brit director joins Prosight board
Lloyd's coverholder Prosight Specialty Underwriters has appointed former Brit board member Peter Goddard as a non-executive director.
Simply Business closes in on MBO as Brit CEO Cloutier admits u-turn over broker commitment
Simply Business is close to a deal which will see it separate from Brit Group through a management buyout, Postonline has learnt.
Covéa reveals management shake-up with double appointment
Covéa Insurance has promoted Chris Withers to the role of head of commercial lines distribution, while Liam Casserley will take on the position of schemes broker manager.
Lloyd’s players call for clarity over vision for the market
Lloyd’s is facing scepticism from market members over the progress of two of its highest-profile campaigns – infrastructure plan Central Services Refresh, previously known as Project Darwin, and Vision 2025.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Brit has "natural opportunity" to grow top line as it eyes new markets
Brit group chief executive Mark Cloutier said the insurer is likely to see top line growth in 2013 having repositioned the business to "opportunistically" target profitable specialist lines business.
Brit Insurance unveils Chinese intentions as post tax profit rises to £84.7m
Lloyd's insurer Brit has today announced it has developed "prudent options" to assess growth potential in China, to grow its specialty underwriting business "cautiously and profitably".
Brit COR improves to 93.2% in 2012
Brit has produced an operating profit of £113.6m for the full year 2012 (2011 restated: £68.4m) and an impoved combined ratio of 93.2% (2011 restated: 99.6%).
Former Brit and NIG head Vivek Banga joins AJ Gallagher as e-trading boss
Brit's former head of UK distribution Vivek Banga has joined Arthur J Gallagher International as its director of e-trading.
PIA appoints ex-Brit boss Grant eight months after Dual exit
Professional Insurance Agents has confirmed the appointment of Tim Grant as interim chief operating officer.
Ex-Brit director Cooter resurfaces at Covéa following QBE exit
Covéa Insurance has appointed former Brit director of market management and regional operations Simon Cooter as commercial lines director.
General insurance review of the year: It never rains, but it pours
Flooding, and the ongoing struggle to replace the Statement of Principles, has been at the forefront of a range of difficulties faced by the general insurance market in 2012. Will 2013 bring a silver lining?
Brit's Doran joins QBE as underwriting manager
QBE has appointed Amanda Doran, pictured, as underwriting manager of its UK combined portfolio with immediate effect.
Market Moves: Liberty makes three additions
Liberty was the most active recruiter this week, with Liberty International Underwriters appointing two senior underwriters to its aviation team and Liberty Syndicates adding a class underwriter to its war and terrorism unit.