Allianz CEO Torrance blasts 99.1% COR as 'unacceptably poor'
Allianz UK's commercial lines combined operating ratio deteriorated to 99.1% for the first nine months of 2012 from 95.1% in Q3 2011 as the retail non-motor COR worsened to 101.7%.
The overall combined operating ratio also deteriorated, from 95.8% in Q3 2011 to 96.7% in Q3 2012, and the IFRS operating profit before tax took a slight dip to £115m from £123.6m in Q3 2011.
However
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: http://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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Zurich consolidates UK commercial and retail distribution teams
From 20 May, Zurich UK will consolidate its commercial and retail distribution teams into one unit for brokers accessing the business, Insurance Post can reveal.
Insurance industry has huge role to play in raising awareness of Martyn’s Law
Experts at the 2024 British Insurance Brokers’ Association Conference have flagged the huge role brokers and insurers have to play in raising awareness of the incoming legislation aimed at protecting premises from terrorist attacks.
Allianz research does little to assuage underinsurance fears
Fewer than one in five small business owners have increased their sums insureds despite widespread concern over inflation, research by Allianz Commercial has found.
Ransomware victims urged to consider alternatives to paying hackers
Insurance sector trade associations have collaborated with the National Cyber Security Centre on guidance that they hope will reduce ransom payments made by companies that fall prey to cyber attacks.
Jason Harris, QBE
Having spent a quarter of a century working in insurance, Jason Harris, who joined QBE as chief executive for international in October 2020, is a familiar face in the sector.
Adrian Cox, Beazley
Last, but certainly not least, to make it onto this year’s Insurance Post Power List is Adrian Cox, CEO of Beazley.
Power List: Ones to watch in insurance in 2024
Here are the ones to watch who narrowly missed out on a place in this year’s Insurance Post Power List, but based on their role, career to date and growing influence look set to feature in future rankings.
Amanda Blanc, Aviva
Amanda Blanc, CEO of Aviva Group, influenced some of the biggest changes in corporate Britain in 2023, winning her the top spot in Insurance Post’s Power List for the second year in a row.
Most read
- Movers and shakers who made Insurance Post’s Power List 2024 revealed
- Winslow continues Direct Line management overhaul
- Insurance’s wealthiest figures revealed