Editor's comment: Is Aviva now fitter?
For months there has been speculation about how much business Aviva had shed in its efforts to bolster its profitability. The answer — as highlighted in its 2009 full year accounts out this week — was quite a lot, as it reported net written premiums in its UK general insurance arm of £3.91bn for 2008, down from £5.02bn for 2008. This included £0.7bn worth of personal lines NWP shed and £0.4bn of commercial NWP.
Ultimately, this figure was in keeping with its numbers at the half way point in 2009, when the GI net written premiums fell to £2bn, compared to £2.6bn for 2008.
But some will claim that it could
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Rrelentless aiming to treble business next year
Rrelentless CEO Gary Gallen has revealed his plans to treble the size of the MGA business next year, by pursuing acquisitions and expanding into further specialist insurance markets.
Digital charity paradox: doing more with less creates new risks
View from the Top: As donations fall and demand increases, Alana Muir, head of cyber at Hiscox UK, warns charities adopting technology to maximise efficiency need to be aware their reliance on digital systems could leave vulnerable communities exposed when technology fails.
Throwback Thursday: Shock Axa merger
Insurance Post’s Throwback Thursday steps back in time to November 1996 to remind you what was going on this week in insurance history when Axa merged with a rival to become the world’s second largest insurer.
Ann Owen replaces Martin as Aviva Commercial MD
Aviva has appointed Ann Owen as managing director of UK Commercial, following the departure of Dave Martin to PIB.
Bishop Street reveals ambition to ‘grow aggressively’ after restructure
Bishop Street Underwriters is looking to “grow aggressively” after it established a new UK group structure bringing together its portfolio of UK specialty insurance businesses under a single management framework.
Goods in transit: from crowbar to computer
As cargo theft evolves from physical raids to digitally enabled fraud, David Worsfold examines how insurers face a rapidly changing risk landscape shaped by technology, climate change, geopolitics and mounting pressure on rates.
Are modern methods of construction changing insurance?
How modern methods of construction are challenging insurers is explored in the latest Insurance Post Podcast.
FCA’s cyber warning is the end of quote and hope
Frontier artificial intelligence is forcing insurers to rethink cyber risk as a continuous process of monitoring, prevention and resilience, rather than an annual exercise, according to Claud Bilbao, vice-president of underwriting and distribution at Cowbell Cyber Insurance.