Danny Walkinshaw reviews the week on the web
Anyone who has been following events at Chaucer will have been aware of the fast pace that its protracted takeover by rival Lloyd’s of London insurer Brit has been moving.
The story has been followed on the web by many online publications, including insurancetimes.co.uk, as announcements have flooded into the London Stock Exchange.
The circumstances from both sides seemed to change daily but it eventually culminated in the entire deal slamming to a halt last week with both Brit and Chaucer announcing that the deal was dead.
Insurancetimes.co.uk was quick off the mark to deliver the news and it was the story “Brit withdraws Chaucer offer” that became the most popular among visitors to the site. However do not expect the story to end just yet what with private equity house Pamplona Capital Management continuing to raise its stake in Chaucer and Brit not ruling out the two sides agreeing a deal within the next six months.
Then there is the fallout at Chaucer that saw senior executives including its chief executive Ewen Gilmour and chief financial officer Mark Graham exit the business, as reported prominently on the Times website.
Elsewhere, Towergate’s launch of a new events and media insurance business also stuck a chord with readers at Insurancetimes.co.uk, as did the announcement by loss adjuster GAB Robins that it had been appointed to handle £10m fire claim in the Midlands.
Photos in the Insurancetimes.co.uk gallery are also proving popular, just log on to the site and check them out for yourself.
Online Top Five:
Brit withdraws Offer for Chaucer
“We won’t change our offer,” says Brit
Towergate media insurance move
Consolidator unveils a new events and media insurance arm
GAB Robins handles £10m fire claim
Loss adjuster appointed in Midlands packaging plant fire
Financial crisis poses greatest threat
Ernst & Young report reveals the top ten risks for insurers
Equity signs affinity deal with banking giant
Broker in Banco Santander tie-up