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Latest Aviva news from Insurance Insider
Plus, the latest people moves and all the top news of the week.
The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
The platform aims to “bend the loss curve”.
The Swiss carrier appointed a new global energy head earlier this week.
Plus, the latest people moves and all the top news of the week.
The carrier also reported a slightly improved combined ratio of 94.6%.
The insurer has substantially expanded its marine team in recent years.
The leadership transition at the syndicate was announced earlier this year.
Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
The carrier has appointed Roberts Proskovics as renewable energy risk management head.
The carrier is expanding its appetite for sustainable construction of large commercial buildings.
CFO Jane Pool will also leave the company as Aviva takes over.
The £3.7bn deal was announced in December.
Jim Meakins is the latest in a slew of talent to exit from the syndicate.
Frustration is growing around a promised independent operating model and staff reward.
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.
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Financial news
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Incumbent Jane Warren will retire at the end of the year. -
Without flexible mechanisms the Corporation risks suppressing transactions.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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