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The fast-moving blazes have prompted evacuations across the city. -
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.
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Aviva increases its offer to 275p per Direct Line share.
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The broker facility is led by Beazley’s Smart Tracker Syndicate.
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The sale of the business was confirmed in June.
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The InsurTech is disposing of some non-core business units.
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Analysts suggested Aviva could sweeten its offer for the UK personal-lines carrier.
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The insurer will have until Christmas to make a formal offer or withdraw.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
