Motor reinsurance
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The Turkish reinsurer joins more than 20 insurer shareholders.
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The highest court dashes lingering hopes of pre-Christmas certainty in the BI debacle.
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The company has signed up two car subscription firms as its first clients.
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The Axa CEO has “very high confidence” that Scott Gunter and his team will achieve EUR1.2bn in underlying earnings by 2021. -
The electric car manufacturer had earlier marketed the policy with an Elon Musk exclusion.
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The acquisition of the motorbike insurance specialist completed in August.
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The new chief joined as a board member earlier this year and is a former UK CEO at Ageas.
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The suitors have 28 days to announce make a firm bid for the car insurer or retreat.
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Motor accounts for 47% of the industry’s total bill, while property claims rise sharply from earlier estimates.
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The former Aon facultative placing broker is joined by motor risk engineer Dron Kyle.
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The business line is predicted to slip back into the red in 2021 after this year’s profit.
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The company, which shelved tentative IPO plans last year, said the offering is subject to market conditions.
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