Canopius
Canopius poaches Aon's strategic business director
Canopius Group has appointed Grant Elliott as head of business development.
Canopius H1 GWP spikes 54% after UK retail growth
Gross written premiums soared more than 50% year-on-year for the first half of 2013 at Canopius, with UK retail growth cited as key to the improvement.
Canopius appoints HR head
Canopius Group has named Barbara Turner group head of human resources.
Industry hits back in fraud jail debate as insurers win crash-for-cash cases
Insurers have hailed a recent string of crash-for-cash fraud court victories – where a judge warned the public they risk prison if they participate in insurance fraud – as a victory against criticism of jail sentences for fraudsters.
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Law Society’s motive behind new PI scheme called into question
Brokers doubtful scheme will mitigate threat posed by unrated insurers.
Canopius appoints Harvey to head up K Drewe Insurance Brokers
Canopius has named Roger Harvey managing director of its wholly owned subsidiary, K Drewe Insurance Brokers.
Lloyd’s consortium has construction covered
Four construction risks syndicates in the Lloyd’s market have joined forces to offer underwriting capacity of up to $166m (£108m), in a move that seeks to place the consortium at the forefront of insuring the largest construction risks in the world,…
Insurers not yet in the clear over horsemeat scandal as claims emerge
Contaminated meat claims linked with the horsemeat scandal are now reaching insurers despite clauses that limit liability within product recall policies.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Canopius relaunches Bermuda business
Canopius has completed the integration of Omega’s Bermudian operation, rebranding the business as Canopius Reinsurance.
Two-thirds Canopius’ GWP growth from Omega book
Canopius executive chairman Michael Watson has told Post that two thirds of the £76m improvement in gross written premium to £692m for 2012 was contributed by the integration of newly acquired Omega.
Canopius swings to 2012 profit despite “double” Sandy hit
Canopius has recorded pre-tax profits of £50m for 2012, in spite of having to deal with the losses of both its own business, and newly-owned subsidiary Omega.
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.