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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.
The carrier can write marine on company and Lloyd’s platforms after the Probitas deal.
Improved underwriting results thanks to pricing action were offset by nat cat activity in Canada.
The carrier is set to start underwriting five new lines of business in the Lloyd’s market.
Simon Theobald joins from AIG where he was senior construction underwriter.
The executive said that being in Lloyd’s would help the carrier’s global distribution.
The carrier said the global commercial market was “highly attractive".
The carrier is aiming to grow its delegated authority business and launch a refreshed captives proposition.
A round-up of all the news you need today, including an updated forecast for Atlantic hurricane season.
The carrier made several attempts to acquire the Ash Bathia-led syndicate.
Richard Belsey has more than 20 years' experience as a corporate lawyer.
The PVT team will be part of a new crisis management unit under Luke Powis.
Sophie Hitchcock has covered the role since November 2023.
New business is arriving, but the captives market is not a priority target.
The undiscounted combined operating ratio increased slightly to 95.8%.
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The underwriter is taking on a role with Cipriani and Werner. -
Simon Horton spent 10 years at Marsh before joining AIG last year.
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The executive will provide strategic leadership to underwriting and portfolio management teams.
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