Brit Insurance
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were:
Market awaits Apollo's next move on Brit
Lloyd's insurers that have been trading below book value saw their share prices jump following a private equity bid to buy Brit Insurance.
Brit confirms details of offer
Brit has confirmed that it received an offer of £10 per share in cash from private equity company Apollo.
Brit speculation good for Lloyd's
The private equity offer for Brit Insurance spells good news for the Lloyd's market, according to analysts.
Brit Insurance shares up over 20 per cent on private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours trading this morning to 881 pence.
Lloyd's insurer Brit admits private equity approach
Brit Insurance has confirmed that it recently received an unsolicited indicative proposal from a private equity group regarding a potential cash offer for the group.
Brit sponsorship hits a six
Brit Insurance has signed a four-year partnership with Chance to Shine, the grassroots sports development programme run by The Cricket Foundation.
New online provider targets 'savvier' customers
A new online insurance provider is aiming to compete with the existing aggregators with an offering aimed at "savvier" customers.
Brit appoints Gibraltar boss
Brit Insurance has promoted Andrew Cunningham to head of office for its Gibraltar operations.
Brit Insurance names new Netherlands chief
Brit Insurance has appointed Ferdinand Voskens general manager for its Netherlands head office.
Penny Black's insurance week
There must be something that rubs off on the England cricket team where Brit Insurance is involved.
Rising Star shortlist announced
The shortlist for the Post Claims Club Rising Star Awards 2010 has now been announced.
Dual seals capacity deal with Am Trust
Dual Corporate Risk is to begin underwriting professional indemnity cover for Lloyd's brokers after it secured £5m liability capacity from IGI Insurance Company.
Chaucer raids Brit for PI underwriter
Chaucer Syndicates has appointed Ian Noble as professional indemnity class underwriter for Chaucer Syndicate 1084.
Brit reports GWP fall after declining business
Brit Insurance has reported gross written premium of £483.5m for the first quarter of 2010 – almost 10% down on last year’s £557.6m after turning its back on "inadequately priced business".
Penny Black's insurance week
This weekend, Harris Balcombe will sponsor football club Southport's Blue Square North tussle against Hyde, which could see the division's leaders take another step towards a return to the Blue Square Premier.
Recruitment moves
All the latest moves in the Reinsurance sector
E-Business 2010 - Conference News: Brokers "hold the aces" for SME online purchase
Brokers are well placed to take advantage of e-trading to win a greater share of business in the small to medium-sized enterprise sector, Brit distribution director Simon Cooter has claimed.
E-Business 2010 - Roundtable: Reinforcing the brand
With more consumers looking to buy insurance online, Post hosted a roundtable to discover how technology can also be used to reinforce brands and instil client loyalty. Jonathan Swift reports.
Lloyd's FD: Solvency II no bar to new entrants
Lloyd's has stressed that it has no plans to batten down the hatches and stop admitting new members as the deadline for Solvency II approaches.
Brit Insurance publishes quarter one cat loss forecast
Brit Insurance has concluded an initial review of its expected claims arising from recent catastrophe events - the earthquake in Chile and European Windstorm Xynthia.
Roundtable - Pro-active Claims Management - Setting out the crucial aims for claims
Many insurers now view claims management as a way to differentiate their service from that of their peers. Leigh Jackson reports on how a panel of experts see this as a crucial way to retain customers and win business.
Brit
Brit Insurance has established an Australian office in Sydney's financial district, to be headed by Mike Davidson, who takes up the position of managing director.