Brit Insurance
Cooter on gardening leave from QBE and tipped for RSA return
Simon Cooter has stepped down from his role at QBE.
Canopius swoops for Brit Insurance underwriting director
Canopius Group has appointed Paul Dilley as head of underwriting, UK retail.
Brit sells to RiverStone
Brit Group has agreed to sell Brit Insurance Limited (BIL), its Financial Services Authority regulated insurance company, to run-off specialists RiverStone Group.
QBE appoints Ray Cox chairman in restructure
QBE has restructured its regional UK & Ireland operation.
QBE’s takeover of Brit’s regional business hailed as perfect marriage
“The potential opportunities for QBE within the regional market now are massive” Elliot Miller, QBE
Video: What The Papers Say latest edition
On the sofa this month are Graeme Trudgill, head of corporate affairs at the British Insurance Brokers' Association and Jonathan Swift, editor in chief of Incisive Media's insurance division.
Brit suffers ratings downgrade after QBE sale
AM Best has downgraded the financial strength rating and issuer credit rating of Brit Insurance Limited (BIL) to A- from A and placed the ratings under review with negative implications.
QBE reveals expansion plans to brokers
Ash Bathia, chief underwriting officer at QBE for property, casualty and motor, has told brokers to expect more engagement and products from the provider after its acquisition of Brit’s UK regional business.
Brokers welcome QBE takeover of Brit's UK regional business
Brokers have given a uniformly positive reaction to the takeover by QBE of Brit’s UK regional business describing it as good news for both brokers and insurers.
QBE buys Brit’s UK regional business
QBE has announced the purchase of Brit’s renewal rights for the UK regional operations business with the transaction expected to be completed on 13 April.
Ink increases South West presence with new Bristol office
Ink Insurance has opened a new Bristol office and appointed Janice Whitelock as regional underwriting manager.
New 'professional combined' product hits the market
Acturis has introduced an auto-rated professional combined product combining professional indemnity, directors’ and officers’ (D&O) and office and liability cover to the open market.
Brit profits fall and drag COR with them
Brit has announced falls in gross written premiums (GWP) and pre-tax profits along with a worsening combined operating ratio (COR) in its results for 2011.
O’Roarke reveals targets for 2012
John O’Roarke, managing director of LV general insurance, has revealed the insurer is targeting an increase in profit of at least 20% in 2012.
RSA commercial chief threatens to exit unprofitable markets
RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book.
Bridge and Brit in B&B partnership
Bridge Insurance brokers has teamed up with Brit Insurance to launch Hospitality, an insurance scheme focused on boutique bed and breakfast businesses.
Towergate bags heavy hitter for group finance role
Scott Egan, former Brit group chief financial officer, has taken the equivalent role at Towergate Insurance.
Towergate reveals capacity deals with Brit and Allianz
Towergate Commercial Underwriting (TCU) has announced a five-year capacity deal with Allianz providing 70% and Brit the remaining 30%.
Where now for Groupama et al?
So we’ve got three insurers up for sale, namely RBSI, Brit and now Groupama. Consolidation in the insurer space has been predicted for some time now but I don’t think people expected it to happen like this – more deals done behind closed doors than…
Post Intelligence Benchmarking - Commercial insurers: Winners and losers
The annual Insurance 360 Business Insurers Insight Report service rankings show some steady, some on ladders - and some on snakes.
New power and utilities underwriting vehicle launched
Ascot Underwriting has formed a technical underwriting vehicle for the power and utilities industry.
Equity Red Star appoints new motor fleet underwriter
Equity Red Star has appointed Andrew Dodd as motor fleet class underwriter.
Brit streamlines business ahead of possible sale
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
Video: What the Papers Say, latest edition
This month, Insurance Age editor Martin Friel is joined by Jon Sellors, head of thought leadership at RSA and Insurance Age features editor, Emmanuel Kenning.