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Latest Aviva news from Insurance Insider
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.
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.
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.
Competitor news
What Your Competitors are Reading
Financial news
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The insurer’s plans for the syndicate were revealed by this publication earlier this year. -
The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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