Lloyd’s crack down set to result in Advent run-offLloyd’s determination to close down underperforming classes of business or even syndicates has been highlighted today with the news that the loss-making Lloyd’s insurer Advent Capital Holdings is likely to go into run-off following a strategic review.
Brit looks to Navigators for US casualty team growthBrit Global Specialty USA has appointed Mark Richards as senior vice president for general liability.
Brit takes Talbot’s COO GouldBrit has hired Michael Gould to take over as chief operating officer after Nigel Meyer left for Canopius.
Brit takes Marsh exec as UK Property leadBrit has hired Neil Walker from broking giant Marsh to head up its UK property division, the carrier announced today.
Canopius takes Brit exec Meyer and hires COOBrit COO Nigel Meyer has left the company after seven years to join the newly-private again Canopius as its CFO.
Brit posts 112 percent combined ratio for 2017Fairfax’s Brit Insurance eked out a small post-tax profit of $21.5mn for the full year 2017 despite the enervating effects of last year which culminated in a combined ratio of 112.4 percent.
Brit expands US marine operationsBrit has made two appointments to its US marine business and it continues to build out its yacht and cargo books in the wake of catastrophe losses incurred in the second half of last year.
Brit relocates Gibraltar reinsurer to BermudaBrit has announced that it is relocating its Gibraltar based reinsurer, Brit Insurance Gibraltar to Bermuda.
Brit launches MGA Scion Underwriting ManagersLloyd’s insurer Brit Insurance has launched a new MGA, Scion Underwriting Managers, that will be led by industry veteran Scott Brock.