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Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference. -
The CEO was responding to comments made by Chubb’s Evan Greenberg.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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Major-loss expenditure doubled to EUR1.6bn for the quarter
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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Rob Lusardi and Michael Dawson are to step down after eight years as directors.
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The A&H market had improved performance between 2020 and 2023.
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The business is being marketed off around £15mn Ebitda, sources said.
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The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
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The acquisition will expand Allianz Direct further into the B2B2C segment.
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Most of the losses derive from France.
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