Fairfax
Optalitix and PWC team up; Ki goes standalone; Davies’s reshuffle
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurance Covid-Cast episode 18: Brit's James Birch on digital Lloyd's start-up Ki's plan to be a top 10 syndicate by 2025
Ki, the new standalone algorithmically-driven digital Lloyd’s syndicate launched by Brit Insurance in collaboration with technology giant Google, aims to be a top ten player in terms of capacity by 2025.
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.
Brit's profits fall in first half
UK-based Brit Insurance's investment returns have hit profits in the first half of the year.
Suncorp buys 11% of New Zealand's Tower following Fairfax bid
Australian giant Suncorp has bought 11% of listed New Zealand general insurer Tower and is offering NZ$219m (£126m) for a full acquisition of the firm.
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 owner Fairfax buys Allied World for $4.9bn
Canada’s Fairfax Financial is to buy insurance giant Allied World for $4.9bn (£3.9bn).
Wilson promoted to group CEO at Brit
Fairfax-owned London-headquartered (re)insurer Brit has appointed group deputy CEO Matthew Wilson as group CEO starting on 1 January 2017.
AIG in £195m sale of assets to Fairfax
AIG will sell its Latin American and Central and Eastern European operations to Fairfax for £195m.
Advent launches 'bespoke' underwriting unit
Lloyd’s insurer Advent has announced the launch of a bespoke products underwriting unit.
Zurich sells South Africa operations to Fairfax Financial
Swiss-headquartered insurance giant Zurich has sold its South Africa operations to Toronto-headquartered Fairfax Financial Holdings for an undisclosed sum.
Brit's first half profits crash 93% amid investment portfolio restructuring
First half after tax profits at Brit fell from $94.5m (£60.7m) in 2014 to $6.4m this year.
Brit plans to delist on 23 June
Brit has written to the UK Listing Authority and London Stock Exchange for its shares to be delisted.
Fairfax eyes 35% stake in Vietnam insurer
Toronto-based Fairfax Financial is set to buy a 35% stake in general insurer BIDV Insurance for an undisclosed sum.
Brit 2014 profits climb 40% as investment returns skyrocket
UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
Fairfax launches equity financing after Brit offer
Fairfax Financial Holdings has launched a C$650m (£337m) equity financing in light of the positive impact of its recommended cash offer for specialist insurer Brit on 17 February.
Brit to operate on 'decentralised basis', says Fairfax CEO
Fairfax Finance CEO and chairman Prem Watsa has hailed Brit's "outstanding" 10 year track record Following the firm's 305p a share offer for the insurer.
Apollo and CVC accept Fairfax's £1.22bn Brit bid
Toronto-based Fairfax Financial has made an all cash offer for all the shares of specialist insurer Brit Insurance.