I use a brolly for all of my fishing, although I am looking at a new Bivvy primarily for a drive 'n survive trip I'm planning for next year.
I have a Wychwood Solace 60" HD brolly which is fantastic. Superb build quality and very good material (comes with a 5 year warranty too!).
It's an absolute doddle to put up, I can have it up and secure in less than three or four minutes. It's solid and secure.
I only fish during the "warmer" months, so have never purchased an overwrap for it, but one is available.
I have been out in some torrential rain in it and it has never let me down. Just have to tuck yourself right up the back!!
If you do go the brolly route, make sure you pay the tiny bit extra and get a 60" one.