Brit Insurance
News round-up: July/August 2010
A brief round up of news from the secto.
Brit raids RSA for liability portfolio management underwriter
Brit Insurance has appointed Tom Taylor as liability portfolio management underwriter in its London office. Reporting to Jamie McNab, UK portfolio manager for liability, he takes up his position immediately.
The PB interview - Bill Cooper: Bright light in the gloom
Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being cautious about prospects for brokers as the UK's economic malaise continues, the firm is very much…
New hire for Brit’s Birmingham office
Brit Insurance has announced the appointment of Denon Ambris as liability underwriter in its Birmingham office.
Reportage - composite v specialist: From the tiny ant to the elephant
When it comes to SME business, are the smaller, niche providers naturally a better fit or does the scale and clout of the composites count the most in this market? Martin Friel asks how much size really matters.
Leaked Brit takeover offer sparks FSA investigation
The Financial Services Authority (FSA) has launched an investigation into the private equity bid for Brit Insurance after details of the approach were leaked before the stock exchange was informed.
Brit rejects PE valuation following share offer
Brit Insurance has confirmed that it has received an offer for the business from private equity firm, Apollo Global Managment.
Brit shares up 20% following private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours of trading this morning to 881 pence.
Regional review: In the middle of it all
The self-sustaining and refreshingly honest nature of the Midlands insurance market mean it is well-equipped to ride out these difficult times, reports Martin Friel.
Omega announces board appointments
The board of Omega Underwriting Agents (OUA) has approved the election of Roger Field, Robin Oakes and Richard Pexton as non-executive directors, subject to regulatory approval. Additionally, Mr Oakes will become chairman of the audit committee.
Brit Q1 results reveal drop in gross written premiums
Brit Insurance Holdings has reported a 13.3% drop in gross written premium (GWP) to £483.5m in the first quarter of 2010 (2009: £557.6m), a decrease of 9.9%
Product review: Typical commercial legal cover blended with EPL
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
Regional power hour – Glasgow : The e-factor
This month's regional power hour, sponsored by Ecclesiastical, asks what impact e-trading has had on the market and what concerns exist regarding its future. Liz McMahon reports.
Nexus brings two former Brit underwriters on board
Nexus Underwriting Management has hired two senior financial lines underwriters from Brit’s Lloyd’s Syndicate 2987
Former NIG business development chief joins Brit
Brit Insurance has appointed Vivek Banga to the position of UK distribution leader.
Brit's results show boost in profit and GWP
Brit Insurance has grown 300% in the last year posting a before tax profit of £171.3m excluding the effect of foreign exchange on non-monetary items, dwarfing last year’s £39.6m result.
Healix boosts health care trust business
Healthcare and medical assistance specialist, Healix Group, has appointed Simon Curtis and Mark Cassidy to its health services business.
Brit Insurance appoints chief information officer
Brit Insurance has announced the appointment of Ian Powell to the newly-created role of chief information officer.
Market moves: A monthly look at who is moving where
Neil Cook has joined Equity & General Insurance Services, based in Rugby. He will adopt the role of specialist risk negotiator and head up his own team focusing on placing complex commercial and household risks. He will deal with clients that have faced…
Product review: Motor fleet product relaunches with wider reach
Brit Insurance has relaunched its Motor Fleet policy to provide a significantly wider standard product offering for its policyholders. The policy is designed for all operators of fleets with a minimum of five vehicles and provides flexibility to cater…
Former Brit claims chief joins KGM
John Searl joins the niche insurer as claims director
Brit boosts Scotland and Northern Ireland team
Insurer strengthens underwriting and business development teams based in Glasgow
Brit Insurance boosts Global Markets underwriting team
Neil Russell and Joachim Tolle appointed as underwriters
Brit promotes Norris
Sean Norris to head up group services