Insurance Covid-Cast episode 18: Brit's James Birch on digital Lloyd's start-up Ki's plan to be a top 10 syndicate by 2025
Ki, the new standalone algorithmically-driven digital Lloyd’s syndicate launched by Brit Insurance in collaboration with technology giant Google, aims to be a top ten player in terms of capacity by 2025.
Fairfax-owned insurers Brit and Allied World posted poor combined operating ratios for the third quarter of 2017.
UK-based Brit Insurance's investment returns have hit profits in the first half of the year.
Australian giant Suncorp has bought 11% of listed New Zealand general insurer Tower and is offering NZ$219m (£126m) for a full acquisition of the firm.
Canadian group Fairfax Financial has agreed to buy Auckland-based commercial and personal lines insurer Tower for NZ$197m (£113m).
Canada’s Fairfax Financial is to buy insurance giant Allied World for $4.9bn (£3.9bn).
Fairfax-owned London-headquartered (re)insurer Brit has appointed group deputy CEO Matthew Wilson as group CEO starting on 1 January 2017.
AIG will sell its Latin American and Central and Eastern European operations to Fairfax for £195m.
Lloyd’s insurer Advent has announced the launch of a bespoke products underwriting unit.
Swiss-headquartered insurance giant Zurich has sold its South Africa operations to Toronto-headquartered Fairfax Financial Holdings for an undisclosed sum.
First half after tax profits at Brit fell from $94.5m (£60.7m) in 2014 to $6.4m this year.
Brit has written to the UK Listing Authority and London Stock Exchange for its shares to be delisted.
Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
Fairfax Financial Holdings has launched a C$650m (£337m) equity financing in light of the positive impact of its recommended cash offer for specialist insurer Brit on 17 February.
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.