Capita
Markerstudy closing Capita purchases on Wednesday
Markerstudy has received regulatory approval for its purchases of BDML Connect, Lancaster Insurance Services, Delta Underwriting Agency, Hero Insurance Services and Sureterm Direct.
Markerstudy touted as saviour for Capita broking businesses
Brightside deal could still go ahead despite acquisitions.
Editor's comment: Sticking to the knitting
Sometimes you just need to stick to what you know best, a point proved by Capita this week when it sold ailing insurance businesses BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum.
Markerstudy acquires Capita insurance businesses as Pindar steps down as CEO
Capita has announced the sale of BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum as chief executive Paul Pindar announces his departure from the outsourcing company.
Ex-Capita director to relish insurance focus following Bluefin move
Bluefin personal lines managing director Jon Walker has admitted that returning to a company with a strong insurance focus was the major motivating factor behind his decision to turn his back on Capita.
Aon 'in talks' with Towergate over Footman James sale
Aon is in "advanced talks" with Towergate over the sale of classic car and motorcycle broker Footman James.
Jon Walker to lead Bluefin’s personal lines business
Bluefin has appointed Capita’s Jon Walker as its managing director of personal lines.
Capita launches bordereaux service
Capita Insurance Services has launched a bordereaux management service for Lloyd’s managing agents and London market companies.
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
Poor GI results could see Capita sell broker businesses at knock-down price
Analysts doubtful firm could secure private equity backing
Capita puts insurance business up for sale
Outsourcing specialist Capita is preparing to offload its direct to customer insurance businesses following disappointing performance in the division, Post understands.
Guernsey's First Central considering bond issuance to fund growth plans
Guernsey-based motor underwriter First Central Insurance Services is looking into a bond issuance to help it raise more capital to assist with its growth plans, which include an application for an alternative business structure licence.
AJG swoops for Capita customer marketing boss
Arthur J Gallagher has recruited Capita Insurance Service’s head of customer markets to lead activity for its direct division.
Takaful: The Islamic state
Despite centuries of tradition and an estimated worldwide value in the billions, Takaful insurance, grounded in sharia‑compliant practices, has struggled to find traction in the UK.
Interview: Chris Hall - A quest for success
A decade ago Chris Hall led a small team that risked it all to buy loss adjuster Questgates. Now it is worth £11m – and the managing director hopes to double that figure within the next 10 years.
Capita's Andrew Beer passes away
Andrew Beer, managing director of Capita Insurance Services’ corporate division, has passed away.
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.
Capita shares recipe for successful MGAs
Capita Insurance Services’ executive director, John Holm, shared the lessons learnt with existing and would-be MGA management about the most effective structural components and the financing methods for new and evolving MGAs.
Capita and XL back Lloyd's-based Shariah-compliant start-up
A Shariah-compliant underwriting agency has been launched in the London market with the financial backing of Capita and the Bank of London & Middle East, and capacity provided by XL.
Capita launches London market risk capture programme
Capita Insurance Services aims to improve efficiency in the London market by applying its market level risk capture programme already used by managing agents with service companies in Singapore.
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.
Market Moves: Brokers continue to up their numbers while Groupama’s Matras heads for exit
The broking sector again led the way in recruitment this week with notable hires at Hyperion, Miller and Hastings. Meanwhile, Giles continued to demonstrate its appetite for new staff by swooping for northern rival Reich’s operations manager Andrew Perry…
Capita hires five tech managers in Gloucester
Capita Insurance Services has appointed five technical managers responsible for day-to-day interaction with clients.
IFIC's Gracey departs for US counter-fraud firm
Bobby Gracey has left his role as chief executive of forensics investigators International Fire Investigators and Consultants after 12 months to join a US-based fraud management firm.