Aviva
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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.
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The platform aims to “bend the loss curve”.
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The Swiss carrier appointed a new global energy head earlier this week.
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Plus, the latest people moves and all the top news of the week.
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The carrier also reported a slightly improved combined ratio of 94.6%.
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The insurer has substantially expanded its marine team in recent years.
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The leadership transition at the syndicate was announced earlier this year.
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Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
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The carrier has appointed Roberts Proskovics as renewable energy risk management head.
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The carrier is expanding its appetite for sustainable construction of large commercial buildings.
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CFO Jane Pool will also leave the company as Aviva takes over.
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The £3.7bn deal was announced in December.
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Jim Meakins is the latest in a slew of talent to exit from the syndicate.
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Frustration is growing around a promised independent operating model and staff reward.
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The undiscounted combined operating ratio worsened slightly to 96.6%.
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Aviva and Direct Line struck the landmark deal in December.
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The syndicate reported an undiscounted net combined operating ratio of 77.9%.
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The carrier recently started underwriting construction in Lloyd’s through Probitas.
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Probitas is set to grow by around 40% this year.
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Panellists discussed the softening market, and what would flip the switch on rates.
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Aviva is targeting £125mn of annual savings within three years of the deal.
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This follows a preliminary agreement reached earlier this month.
