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The index is a three-year strategic project to track social inflation by analysing personal injury awards. -
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.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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The executive had been interim CEO since January.
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The letter also called out California insurance companies for investing more than $536bn in the fossil-fuel industry in 2019 alone.
