Aviva
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The £3.7bn deal was announced in December. -
Jim Meakins is the latest in a slew of talent to exit from the syndicate.
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Frustration is growing around a promised independent operating model and staff reward.
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The undiscounted combined operating ratio worsened slightly to 96.6%.
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Aviva and Direct Line struck the landmark deal in December.
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The syndicate reported an undiscounted net combined operating ratio of 77.9%.
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The carrier recently started underwriting construction in Lloyd’s through Probitas.
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Probitas is set to grow by around 40% this year.
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Panellists discussed the softening market, and what would flip the switch on rates.
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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.
