Torrance: "end of the reserve party" closer after results disappointment
Brokers are set to come under greater scrutiny and pressure after Allianz admitted it needed to turn...
Brokers are set to come under greater scrutiny and pressure after Allianz admitted it needed to turn around the "unsatisfactory performance" of its private motor book.
The warning came as Allianz chief executive Andrew Torrance delivered the insurer's half-year results, which highlighted a poor performance across the insurer's retail arm. "We have increased our private motor rates by 5% so far this year. However, we would like to take action on that account in terms of looking at intermediaries
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@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.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@insuranceage.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@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop