A new liability insurer was due to be listed on the alternative investment market (AIM) yesterday.
As Insurance Times went to press details of the venture were sketchy ahead of Wednesday's planned ...
A new liability insurer was due to be listed on the alternative investment market (AIM) yesterday.
As Insurance Times went to press details of the venture were sketchy ahead of Wednesday's planned stock market announcement.
It is understood that the FSA-approved company will have a market capitalisation of £140m.
As predicted by Backchat (see page 40), the venture will feature ex-Markel stars Andreas Loucaides and Reg Brown in what sources close to the deal are calling a "dream team".
Loucaides will be chief executive, while Brown takes a non-executive role. The former lead underwriter of XL Syndicate 990, Peter Matson, will take charge of the indemnity team.
The insurer will write directors' and officers' (D&O) cover, errors and omissions, and other liability covers.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
