Aviva
-
Patrick Waters joins from CNA Hardy as underwriting manager for financial institutions.
-
Jane Poole’s career includes stints at RSA and PwC.
-
The carrier announced a £300mn share-buyback programme.
-
Aviva will need to manage the talent base deftly to get the most from the deal.
-
Lloyd’s is now an attractive environment for entrepreneurs, the CEO said.
-
The carrier has been looking to enter the Lloyd’s market since 2021.
-
The carrier has also hired Craig Bedford as specie underwriting manager.
-
The group has been exploring options to enter the market since 2021.
-
It emerged in November that the carrier’s construction head Daniel Abramson was leaving the business.
-
The carrier also signed down some Lloyd’s players due to differential pricing.
-
Amanda Blanc was granted the title for services to business, gender equality and net zero.
-
Speaking to a Treasury committee, Blanc said she was “inundated” with messages detailing “incredibly sad” stories from women in the insurance industry.
-
Clive Bolton, CEO of M&G Life Insurance and Tara Foley, CEO of Axa UK and Ireland were also appointed to the board.
-
Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.
-
Abramson was hired to head up the construction team at Aviva in July amid a restructuring of its commercial lines business.
-
The carrier has made numerous hires across its marine team as part of an international insurance buildout.
-
Aviva Global Corporate and Specialty grew gross written premium by 9% over the period.
-
Marc Wanless has been with Aviva since 2010 and stepped into his new role on an interim basis in July.
-
The carrier has been in hiring mode in recent months after staff exits earlier this year.
-
Samantha Shean has been named head of FI, while Duncan Goddard and Kate Albert have joined as a senior financial lines underwriter and PI underwriting manager, respectively.
-
Shares have slid back since a mid-morning peak of around 10% above the prior close.
-
The carrier launched its offshore wind proposition at the beginning of the year.
-
The ratings agency said the rating reflected the “strategic importance” of the subsidiary to the group.
-
The carrier is rebuilding its financial lines team following a number of staff exits from the division.
-
At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
-
The exit is part of a strategy to simplify the company's geographic footprint following the international disposal programme completed in 2021.
-
The breakdown of discussions that had been expected to yield a deal leave the ownership of Ash Bathia’s Lloyd’s business in question.
-
The carrier has also made Tracy Garrad CEO of Aviva Canada.
-
Staffing upheaval continues in the marine class of business, as companies battle to hire and retain talent.
-
The carrier’s GI unit reported a combined ratio of 94.8% for the first six months of the year.
-
Aviva has seen a number of staff exits from its D&O team, with senior personnel leaving to launch a book at Westfield Specialty.
-
New accounting standards impact the timing of when profit emerges on a contract.
-
The two firms held serious talks last year but were unable to get a deal to the line due to a valuation mismatch.
-
A small number of GCS staff have been dismissed from the business as a result of the investigation.
-
The carrier has made several new hires to compliment the new structure.
-
It emerged earlier this month that Westfield Specialty was launching a D&O book through Syndicate 1200.
Most Recent
-
AM Best upgrades MS Re financial strength rating to A+
26 April 2024 -
Beazley’s Barnes resigns in latest energy market move
26 April 2024 -
QBE Re rebuilds in A&H with Canopius’s Brigstocke
26 April 2024