Canopius
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.
Market moves: A busy week for recruitment
Insurers were the most active recruiters in the industry this week, with Canopius, Mapfre, Zurich and Ace all welcoming new arrivals to their teams. It was also a busy seven days in the broking sector, after BGL, Giles, Miller and Aon made significant…
Four candidates win place on LMA board following 2012 election
The Lloyd's Market Association has named four successful candidates in the 2012 election for membership to its board.
Terrorism and civil unrest: Risky business
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?
IAG mulls Equity Red Star sale as experts debate motor future at Lloyd's
With Insurance Australia Group toying with the idea of selling the largest Lloyd's motor underwriter Equity Red Star, and aggregators controlling more power in this area, the days of motor in the Lloyd's market could well be numbered.
Canopius shakes up UK property facilities underwriting team
Lloyd’s insurer has revamped its UK property facilities underwriting division with a string of new hires.
Canopius target Omega blames Bermuda non-renewals for GWP drop in Q1 2012
Omega Insurance Holdings has reported that group gross written premium in the first three months of 2012 totalled $120.6m (Q1 2011: $129.4m).
Election grips Lloyd's Market Association
The Lloyd's Market Association is facing the most competitive election in its 11-year history for four new members of the governing body.
Canopius makes play for Omega in bid to grow PE-backed Lloyd’s insurer
Canopius chairman Michael Watson has acted on ambitions to grow his private equity-backed Lloyd's insurer, with a £164m takeover of struggling Omega in a deal that sees a slice of the business sold to US insurer Tower Group.
Editor's comment: The lure of Lloyd's
London's bid to elevate its appeal and competitive edge for financial services businesses deciding on the best domicile may still be subject to speculation on likely success, but the lure of Lloyd's is undeniably as strong as ever to international…
S&P confirms Canopius outlook as 'stable'
Standard & Poor's has affirmed Canopius Syndicate 4444 at 2+ on news that Canopius will acquire Omega Insurance Holdings.
Debevoise & Plimpton advise Omega on Canopius deal
Law firm Debevoise & Plimpton is advising Omega on Canopius acquiring the business.