Canopius
Omega points to H1 catastrophes following early losses
Record industry-wide catastrophe losses have been blamed by Lloyd’s insurer Omega for an after-tax loss of $44.5m (£27.2m) in the first half of 2011.
People moves - 11 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 11 August 2011 edition of Post.
Canopius appoints underwriters to sabotage and terrorism team
Canopius has appointed Tim Davies and Jennie Beard as underwriters to its sabotage & terrorism team.
People moves - 28 July 2011
A round-up of people moves and new appointments in the industry, as featured in the 28 July 2011 edition of Post.
Interview - Charles Earle: Aiming high with Arista-cratic Earle
Despite falling short of his initial five-year plan, Charles Earle has still seen Arista make considerable achievements. He talks to Lynn Rouse about his philosophy surrounding underwriting control, system transparency and acquisition plans.
Novae-Omega merger falls through
Novae has announced to the London Stock Exchange that “it is unlikely a transaction can be structured in its interest” with fellow Lloyd’s insurer Omega.
KGM Motor CEO exits during restructure
Colin Hart, chief executive of Canopius-owned KGM Motor has left the group, amid a restructure that sees the formation of a new UK retail division.
People moves – 30 June 2011
A round-up of people moves and new appointments in the industry, as featured in the 30 June 2011 edition of Post.
Hart leaves KGM as Canopius launches UK retail division
Colin Hart, chef executive of Canopius-owned KGM Motor is set to leave the group amid a restructure that sees the formation of a new UK retail division.
Canopius bolsters global property team
Canopius Group has promoted Derek Hansen to divisional underwriter, global property, reporting to Mike Duffy, joint active underwriter, syndicate 4444.
Barbican confirms Omega approach
Barbican has confirmed its interest in merging with fellow Lloyd's insurer Omega.
Novae in "due diligence" over Omega merger proposal
Novae has become the latest Lloyd's insurer to consider entering merger talks with a rival.
Omega Q1 GWP steady as cat losses “compare favourably to peers”
Omega Insurance Holdings has posted gross written premiums of $129.5m (2010: $124.5m) in Q1 2011.
Perseverance prepares to exit UK insurance market
Perseverance, the Gibraltar-based former owner of KGM, is set to dispose of one of its remaining assets in the UK insurance market, Post understands, following negotiations to sell its stake in One Answer Network.
Canopius Europe begins operations
Canopius Europe, the latest underwriting platform from Canopius Group, has commenced operations.
Penny Black's insurance week
It is always nice when a familiar face reappears on the heady insurance circuit, so it was with some pleasure that Penny heard Zurich's former European CEO Annette Court is currently scouring the UK insurance market for her next big move.
Omega puts $23.6m price on Japan earthquake and tsunami
Omega Insurance has published an initial estimate of ultimate net losses arising from the Japanese earthquake and tsunami of 11 March 2011.
Carroll joins London market start-up
Tim Carroll has joined a new general insurance company, Samsung Fire & Marine Insurance Company of Europe, which has opened for business in London.
Carroll joins London market start-up
Tim Carroll has joined a new general insurance company, Samsung Fire & Marine Insurance Company of Europe, which has opened for business in London.
Omega rating under review over exposure management concerns
AM Best has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Omega Specialty Insurance (Bermuda) and the ICR of “bbb” of Omega Insurance Holdings under review with negative implications.
Canopius acquires K Drewe and Look
The largest privately owned Lloyd’s company, Canopius, has acquired the businesses of K Drewe Insurance Brokers Limited and Look Insurance Services Limited.
Canopius boss: massive quake will be tipping point
Canopius chairman Michael Watson believes the Japanese earthquake could serve as the tipping point on market rates, after lamenting the commercial lines market for its "folly" on low pricing.
Canopius accuses industry of "folly"
Canopius chairman Michael Watson has accused the insurance and markets of “folly” as rates continue falling despite 2010 being “one of the six” most costly years for insured catastrophe losses.
People moves – 10 March 2011
A round-up of people moves and new appointments in the industry, as featured in the 10 March 2011 edition of Post.