Aviva
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The carrier said the global commercial market was “highly attractive".
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The carrier is aiming to grow its delegated authority business and launch a refreshed captives proposition.
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A round-up of all the news you need today, including an updated forecast for Atlantic hurricane season.
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The carrier made several attempts to acquire the Ash Bathia-led syndicate.
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Richard Belsey has more than 20 years' experience as a corporate lawyer.
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The PVT team will be part of a new crisis management unit under Luke Powis.
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Sophie Hitchcock has covered the role since November 2023.
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New business is arriving, but the captives market is not a priority target.
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The undiscounted combined operating ratio increased slightly to 95.8%.
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Patrick Waters joins from CNA Hardy as underwriting manager for financial institutions.
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Jane Poole’s career includes stints at RSA and PwC.
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The carrier announced a £300mn share-buyback programme.
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Aviva will need to manage the talent base deftly to get the most from the deal.
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Lloyd’s is now an attractive environment for entrepreneurs, the CEO said.
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The carrier has been looking to enter the Lloyd’s market since 2021.
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The carrier has also hired Craig Bedford as specie underwriting manager.
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The group has been exploring options to enter the market since 2021.
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It emerged in November that the carrier’s construction head Daniel Abramson was leaving the business.
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The carrier also signed down some Lloyd’s players due to differential pricing.
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Amanda Blanc was granted the title for services to business, gender equality and net zero.
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Speaking to a Treasury committee, Blanc said she was “inundated” with messages detailing “incredibly sad” stories from women in the insurance industry.
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Clive Bolton, CEO of M&G Life Insurance and Tara Foley, CEO of Axa UK and Ireland were also appointed to the board.
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Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.
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