UK household and misc. personal property team members set to exit
Canopius head of household underwriting Chris McGinn and members of his team are poised to quit the Lloyd’s insurer.
McGinn and a number of his team have told Canopius they want to resign.
McGinn headed up the UK household and miscellaneous personal property division of Canopius.
A Canopius spokesman would not reveal exactly how many employees are involved, but confirmed that “certain members” of the team also want to hand in their resignation alongside McGinn’s.
The team includes joint deputy divisional underwriters Andrew Booth and Dominic Miller, head of claims Michael White and underwriters Leo Downes and Rob Morris.
The spokesman said: “We intend to continue to underwrite this business, and plan to recruit additional resources to strengthen the team as necessary.”
Canopius recently hired Zurich’s Inga Beale as its new group chief executive.
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Most people don’t enjoy paying for homeowner’s insurance—that is, until they have a claim. Where I live, in the Northeast, we had brutal weather over the past year and cause to be thankful for insurance. We had severe flooding from rainstorms, an earthquake and a
Most people don’t enjoy paying for homeowner’s insurance—that is, until they have a claim. Where I live, in the Northeast, we had brutal weather over the past year and cause to be thankful for insurance.
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There are perks to being a homeowner and then there are the not-so-perks about being a homeowner. I experienced one of those homeowner’s not-so-perks this past weekend when my wife told me that if I wanted to get our Christmas lights up I was going to need to remove the garden that was growing on our roof.
I like Christmas lights, but I also realized that I have a huge – let me correct that – INSANE fear of heights. So as I knocked knees in nervousness climbing up the ladder, straddled the ridge of the roof as the pit in my stomach grew and watched my younger brother do the moonwalk along the eave of the house while pressure washing my roof, I realized that I should share this excitement with our home insurance clients.
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Towergate’s private-equity backers watching situation closely following ‘taster’ note sent around City
Expectations are mounting that Groupama will soon give the green light for a sale of its UK assets.
JP Morgan is currently carrying out a strategic review of what Groupama can sell to strengthen its capital adequacy which has deteriorated because of sovereign debt holdings and decreased assets in equities.
Towergate’s private equity backers Advent are understood to be watching the situation closely.
Towergate founder Peter Cullum and former chief executive Andy Homer would be expected to help with the potential acquisition of Groupama’s UK assets, Insurance Times understands.
Advent would probably look more closely at the possibility of investing in one or all of the UK broking assets – Bollington, Lark and Carole Nash – rather than Groupama insurance.
There would probably be two sales, one for the insurance company and another for the broking arm, a source said.
French mutual Covea, which owns Swinton and MMA, is keen to expand in the UK and is also keeping a close eye on Groupama’s sale process.
Buyers had been alerted by a note from one of the major investment banks detailing Groupama’s assets, including the UK insurance company and its broking subsidiaries.
The note was sent out to gauge interest from potential buyers.
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You always hope that there are no injuries in the event of a car accident. In addition, there are always a lot of emotions that can exacerbate the situation. So what happens if you’re a victim in a hit-and-run car accident? It could be absolutely
You always hope that there are no injuries in the event of a car accident. In addition, there are always a lot of emotions that can exacerbate the situation. So what happens if you’re a victim in a hit-and-run car accident? It could be absolutely debilitating—physically and emotionally.
The first thing to do after any accident is to see if anyone is hurt or needs medical attention. Full Article…
We want your holidays to be filled with fun, family, friends, and food. Not fires.
The U.S. Fire Administration reports that approximately 2,000 Thanksgiving Day fires in the US occur every year, resulting in 5 deaths, 25 injuries, and $21,000,000 ($21M) in property loss. We don’t want you to end up included in those statistics.
- Don’t leave cooking food unattended, and be sure to set timers.
- Ensure you’re using well-insulated potholders.
- Wear clothes that fit more snugly, with shorter sleeves so that your garments don’t get caught on pot handles, utensils, etc.
- Be sure your knives are sharp and know how to handle them properly.
- Keep children and pets out of the kitchen.
- Be very cautios with hot oil, and NEVER throw water on a grease fire.
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