Aviva
-
The undiscounted combined operating ratio worsened slightly to 96.6%.
-
Aviva and Direct Line struck the landmark deal in December.
-
The syndicate reported an undiscounted net combined operating ratio of 77.9%.
-
The carrier recently started underwriting construction in Lloyd’s through Probitas.
-
Probitas is set to grow by around 40% this year.
-
-
Panellists discussed the softening market, and what would flip the switch on rates.
-
Aviva is targeting £125mn of annual savings within three years of the deal.
-
This follows a preliminary agreement reached earlier this month.
-
Aviva increases its offer to 275p per Direct Line share.
-
Analysts suggested Aviva could sweeten its offer for the UK personal-lines carrier.
-
The insurer will have until Christmas to make a formal offer or withdraw.
Most Recent
-
Daily Digest: Top news from 19 May
19 May 2025 -
Correction: Branagan to stay with Mosaic TL team
16 May 2025