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The move comes ahead of a planned sale of Wefox’s insurance business. -
High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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Investigators are homing in on the likely causes of the incidents.
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Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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He succeeds Wayne Peacock, who retires this year after four years of service.
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The fast-moving blazes have prompted evacuations across the city.
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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.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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The index is a three-year strategic project to track social inflation by analysing personal injury awards.
