Brit Insurance
Canopius appoints Davison and Meyer to COO and CFO after buyout
Canopius has named Laurie Davison as group chief operating officer and Nigel Meyer as group chief financial officer.
Brit sees major losses of $250m
Brit saw its combined ratio rise to 112.4% last year following major loss claims of $250m (£177.8m).
Brit’s Versutus sidecar expands to $187m
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Brit appoints Christopher Ballantyne as VP
Brit has appointed Christopher Ballantyne to the newly created role of vice president of delegated claim authority.
Nexus names insurance CEO ahead of potential IPO or sale
Nexus Group has named Mike Sibthorpe as CEO of its insurance and reinsurance business as the business gears up for a potential sale in 2018.
Axis Capital’s reinsurance CEO to join Brit boards
Brit has chosen Axis Capital’s reinsurance CEO Jay Nichols to join the boards of Sussex Capital and Brit Re as non-executive director
Brit launches Sussex Capital
Specialty insurer and reinsurer Brit has launched a Bermuda-domiciled reinsurance platform, Sussex Capital.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Brit and Allied World slammed by Q3 natcats
Fairfax-owned insurers Brit and Allied World posted poor combined operating ratios for the third quarter of 2017.
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…
International: Trade credit demand is up
European political instability and financial regulations are pushing demand for trade credit cover, especially from banks that are keen on optimising their capital.
Brit expands US offering with senior cyber hire
Brit has appointed Courtney Mocio as vice president, cyber and technology at Brit Global Specialty USA.
Brit's profits fall in first half
UK-based Brit Insurance's investment returns have hit profits in the first half of the year.
When cyber gets physical
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
Eight out of 10 financial services firms to increase cyber security spending
Eight out of 10 financial services firms expect to invest in preventative technology and IT systems over the next year.
CIBA: Insurers need to offer more comprehensive cyber policies in time for GDPR
New methods of hacking and types of cyber breach could lend themselves to greater fines following the incoming General Data Protection Regulation.
LMA adds five to board
Five C-suite level executives have been elected to the Lloyd’s Market Association board.
The Cyber Insurer and Broker Assembly 2017 - as it happened
The Cyber Insurer and Broker Assembly took place on 23 March. Post's journalists reported live from the event.
Brit launches US cyber team
Brit has launched new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed as senior vice president, to lead the offering.
Brit reports 2016 slight dip in profit
Brit has reported profits falling slight, with a slip in its combined operating ratio from 91.7% in 2015 to 96.4% in 2016.
Fairfax has bid accepted for New Zealand's Tower
Canadian group Fairfax Financial has agreed to buy Auckland-based commercial and personal lines insurer Tower for NZ$197m (£113m).
Brit appoints programmes VP
Brit has appointed Tim Chesson as senior vice-president of programs for Brit’s US Global speciality business.
XL's Jadine and Brit's Wilson join LMG board
The London Market Group has appointment Paul Jardine, executive vice president and chief experience officer of XL Group and Matthew Wilson, Group CEO of Brit, to its board.
Brit launches $250m Lloyd's yacht consortium
London market insurer Brit is to lead a $250m (£202m) capacity Lloyd’s consortium for yachts.