Commercial Lines – Page 102
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NewsCanadian insurer Fairfax to buy Brit for £1.22bn in cash
Offer is 1.73 times Brit’s net tangible assets
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NewsHelios Underwriting buys Lloyd's vehicle Updown in £600,000 cash deal
Deal will increase Helios’s underwriting capacity to £22.3m in 2015
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NewsMitsui at Lloyd’s promotes Graeme Rayner to chief underwriting officer
Promotion follows departure of underwriting director Martin Hudson
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NewsCatlin reports 13% boost to pre-tax profit
The insurer will also declare a special dividend of 12p per share following the sale of Insure the Box
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Online onlyBermuda and Gibraltar hit back at Miliband 'tax haven' criticism
Labour leader had criticised the countries in a letter to a number of British Overseas Territories
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Online onlyCFC launches marine piracy policy
New product can be traded electronically for instant quotes and policy documents
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NewsTysers appoints new chief operating officer
Stuart Blakeborough joins from Lancashire Insurance Group
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NewsRichard Pexton launches HNW MGA with former Oak team
Brit-backed Horizon aims to work with more than 150 provincial brokers
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NewsBeazley profits hit by lower reserve releases
GWP improves but COR and pre-tax profits take a hit at the Lloyd’s insurer
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NewsGallagher hires aviation head from Tysers
Mark Walters chosen for his depth of knowledge and strong insurer relationships
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NewsLloyd's broker doubles GWP to £70m with acquisition
Clegg Gifford’s acquisition of broker Westminster leaves former owner Tradex as insurer only
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Online onlyXL reports record COR for 2014
Combined operating ratio (COR) improves by 4.3 percentage point as lack of catastrophes drives down loss ratio
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NewsNovae hires new casualty boss from Aspen
Rober Patten will also join the insurer’s executive committee
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NewsGresham Underwriting to launch tradesman liability cover
MGA seeking new capacity providers and underwriters as it expands offering
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NewsTokio Marine expands in corporate market
Insurer hires Woodward from Zurich to take head of liability role
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NewsGallagher's Compass network hires motor fleet pair for London Markets arm
Darren Grodent will be senior motor fleet broker, while Patrick Bartlett will be renewals executive
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NewsLonmar takes high net worth broker from Aon
Richard Outhwaite joins Lloyd’s broker’s fine art division
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NewsMiles Smith eyes acquisitions with new Clydesdale banking facility
Lloyd’s broker says new finance will allow it to pursue growth plans
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NewsWillis to take 85% stake in Miller as sale talks conclude
Brokers’ combined wholesale businesses will trade under Miller brand
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NewsPayton to set up new facultative business at Capsicum
Veteran will join Arthur J Gallagher-backed reinsurance broker later this year
