Canopius
Canopius to sell off Bermuda operation
Canopius has entered into definitive agreements to sell all of its shares in Canopius Bermuda to institutional investors.
Multimillion pound supermarket horsemeat scandal bypasses insurers
Insurers are awaiting test results on food products as many of the UK’s largest supermarkets continue to recall beef products found to contain horsemeat.
Post magazine – 7 February 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Interview: Tim Rolfe: Playing in the big leagues
Having finally reached the ‘Wembley of insurance’ that is London, Canopius retail CEO Tim Rolfe tells Post why the Lloyd’s market is so different from the wider UK industry and explains that his firm’s stock is rising
Penny Black's Insurance Week
Penny is always interested to hear about insurance bigwigs' past exploits, and Bill Dewsall did not disappoint.
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.
Xchanging secures Lloyd's claims reporting contract
Business technology services provider Xchanging has landed a contract to build a platform for the Lloyd's claims reporting suite.
Seven directors quit Omega
Seven directors including Omega chief executive Richard Pexton have quit the business.
Canopius bounces back with 87% COR and £33m shareholder profit
Specialist insurer Canopius has posted an improved combined operating ratio of 87% for the first six months of the year, 38% better than last year.
Canopius completes Omega acquisition
Canopius Group has completed its acquisition of Omega Insurance Holdings.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Market moves: Markel, Canopius and Aon lead the way
Axa was in the recruitment spotlight once again, after making a further reshuffle of its senior management, and the week belonged to insurers.
Canopius promotes Bradley to UK retail COO
Canopius has promoted Richard Bradley, pictured, to chief operating officer for its UK retail business unit.
Penny Black's Insurance Week
Moving in the best of circles, taking in the sights of the city and rubbing shoulders with the in-crowd, it takes a lot to impress Penny.
Canopius primed for Bermuda departure amid Tower merger
Canopius will exit its existing Bermuda reinsurance operations after New York-listed Tower Group exercised its option to merge.
Industry role for Canopius claims boss
Mike East, head of operations and claims at Canopius Managing Agents, has been named as the new chairman of the Lloyd's Market Association's claims committee.
Clyde & Co partner goes live with new City law firm
David Coupe, pictured, former partner at Clyde & Co and Ince & Co, has launched a new City law firm focused on representing the intermediated insurance market.
Hiscox replaced as Collegiate agrees PI underwriting facility with Canopius
Collegiate Underwriting has launched a new professional indemnity underwriting facility with Canopius, through its flagship Syndicate 4444, replacing a previous arrangement with Hiscox.
Market moves: Zurich and Mitsui continue recruitment push
Last week's busiest recruiters, Zurich and Mitsui Sumitomo, followed their recent appointments with the addition of more new staff. Mitsui has added two members to its underwriting team, while Zurich welcomed a new head of human resources.
Canopius appoints new head of financial institutions
Lloyd's insurer Canopius has promoted Nick Kirk, pictured, to head of financial institutions with immediate effect.
Brokers will use downgraded insurers, but only if clients make the request
Brokers have admitted they will continue to work with downgraded insurers at clients’ requests, despite rating agency Fitch conceding there is no end in sight to potential downgrades linked to the Eurozone crisis.
Penny Black's Insurance Week
It's been a busy week - as usual - for Penny
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Omega shareholders approve £164m acquisition by Canopius
Omega shareholders have backed Canopius' bid to buy the business meaning the acqusition could go through in July.