Aviva

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.