Canopius
Barbican makes fresh Omega bid
Barbican sent a letter to rival Omega this week outlining a “merger of equals”.
Omega goes quiet on sale talks
Lloyd’s insurer Omega is refusing to comment on speculation that sale plans are on the backburner.
Colosso exits Gallaghers amid growth-driven exec restructure
Arthur J Gallagher International has confirmed that Adrian Colosso, chief executive of UK Retail and former CEO of Heath Lambert prior to its acquisition, will not return to the business following his sabbatical, as it unveiled a new-look executive team…
Gallaghers confirms Canopius underwriting move
The CEO of AJ Gallagher International has confirmed a team from Canopius’ UK underwriting division is set to join the broker, hailing it a “massive step” for OIM Underwriting.
Canopius underwriting team joins Gallagher
Former employees of Canopius’ UK underwriting household and personal property team are thought to have joined Arthur J Gallagher, Post has learnt.
Canopius boss and underwriting team to quit
Canopius UK household underwriting head Chris McGinn and a “certain members” of his team are to quit the firm.
Haverford pulls out of Omega buying talks
Haverford has withdrawn its bid for a share of Omega Insurance Holdings less than a month after making a new share offering.
Canopius names Group CEO
Canopius has appointed Inga Beale as group chief executive officer with effect from 3 January 2012.
Haverford makes new bid for Omega
Haverford informed the London Stock Exchange this morning that it had submitted a fresh bid for the Lloyd’s insurer.
Hardy sale: Canopius, Barbican and Aviva linked
As rumours circulate about which insurers will make an offer for Hardy Underwriting, sources have suggested Canopius, Barbican and Aviva could all be interested in the firm.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
Review of the year - Health insurance: Seeds of change
Despite a tough 12 months, and gloom forecast for 2012, the health insurance sector has planted important seeds for future growth this year.
HBL lowers offer for cat-hit Omega
Omega bidder Haverford has confirmed that it has cut its offer for 25% of the troubled Lloyd’s business to 74p per share.
Omega seeks clarification over Haverford bid as deadline approaches
Lloyd's insurer Omega has admitted that bidder Haverford is considering cutting its offer for 25% of the business.
Lloyd's insurer Brit appoints Evercore to sell £150m UK arm
Dutch insurance group Brit is looking to close the first round bidding process for its UK retail arm this week, Postonline has learnt.
Omega 2011 catastrophe losses increase by $6m
Omega Insurance results for the nine months to 30 September 2011 show gross written premiums down to $258.5m (2010: $308.5m).
Canopius confirms Omega offer withdrawal
Canopius has confirmed it is withdrawing its offer to acquire all of the issued and to be issued share capital of Omega.
FSA approves Haverford’s Omega bid
Haverford (Bermuda) has secured approval from the UK Financial Services Authority for its proposed acquisition of up to 25% of troubled Lloyd’s insurer Omega.
Arab Spring: A little bit of politics
The recent uprisings in the Middle East and North Africa have underlined the narrowness of terrorism policies — but have insureds woken up to the more comprehensive benefits of political violence cover?
News analysis: Insurance industry feels the shockwaves of the economic meltdown
It has been hard to escape the doom and gloom of the volatile stock market and wider economic woes over the past week.
Canopius says Omega deal has backing
Canopius has said that it expects to complete its due diligence following its 83p a share proposed bid for Omega by 30 September 2011.
Canopius Omega bid best says adviser
A note from stockbroker Peel Hunt has dismissed the Haverford bid for 25%of Omega as the least attractive to shareholders of the three bids, preferring Canopius to Barbican.
Barbican in Omega merger proposal
Barbican Insurance has dangled an 84p a share offer for 60 million (24.57%) of Omega shares, if Omega shareholders agree to take over Barbican.
Market moves: All change at the trade bodies
With insurer moves slower than last week, this week has seen a number of changes among the trade bodies, with the Chartered Institute of Loss Adjusters, the |British Insurance Brokers’ Association and Federation of European Risk Management Associations…