UK motor insurer Direct Line Group has agreed to merge with Aviva after its larger rival increased its bid to 275 pence a share.
Exclusive: Beazley remains Lloyd’s largest insurer despite £1bn+ cut in 3623’s capacity for 2025 YoA
Beazley will remain Lloyd’s largest insurer in 2025 despite a more than £1bn ($1.28bn) contraction in Syndicate 3623's stamp capacity for the upcoming year of account, The Insurer can reveal.
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“With nat cat risks rising and higher price levels, the annual increase of 5–7 percent in insured losses will continue, and protection gaps could remain high. This highlights the need for adaptation in combination with an adequate insurance coverage that can support financial resilience”
Jérôme Jean Haegeli, Swiss Re's group chief economist
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