Allianz shrugs off personal decline
Allianz Cornhill made a recovery in the third quarter to take profits ahead of schedule for the year...
Allianz Cornhill made a recovery in the third quarter to take profits ahead of schedule for the year. The result saw a 22% increase in profit to £71m over the same quarter in 2005.
However, chief executive Andrew Torrance saw AC's personal lines premium income decline from £215.3m gross written premium in 2005 to £190.2m GWP in the first nine months of 2006, while its personal combined operating ratio improved by 0.7% to 98.3%.
The premium fall did not affect the insurer's accumulative third
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
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.
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@insuranceage.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@insuranceage.co.uk
More on Broker
End of Year Review 2025: Direct Commercial’s Joe Hantson
Joe Hantson, deputy CEO at Direct Commercial Limited, notes the amount of senior underwriting talent moving from traditional carriers into MGA models over the last 12 months and expects more consolidation among MGAs and insurtechs in 2026.
Ageas and Saga partnership goes live with motor, home to follow
Ageas UK and Saga have launched their 20 year Affinity Partnership, opening with motor new business with home to follow in the first quarter of 2026.
End of Year Review 2025: Liiba’s Chris Croft
Chris Croft, the CEO of the London & International Insurance Brokers’ Association, describes the UK government’s financial services strategy as “depressingly insurer focused” and imagines an AI persona with a 1986 style perm in honour of footballer Charlie Nicholas.
End of Year Review 2025: Alps’ Michelle O’Reilly
Michelle O’Reilly, managing director at Alps, expresses disappointment that whilst some parts of the market have talked a good game on innovation and customer care, they have not followed through; and predicts 2026 could be the year the Financial Conduct Authority steps in with tougher measures on home insurance claim declinatures.
Have your say: Shape the future of Insurance Age
Insurance Age is inviting you to help shape its future by taking part in a short readership survey.
MyFirst partners with Howden for young driver service
Howden has joined forces with MyFirst as its young driver partner to provide a “tailored service" across its local UK branches.
Howden replaces Douglas as climate and resilience lead with new impact officer
Howden has appointed Nick Stace OBE to the newly created role of chief global impact officer.
End of Year Review 2025: Flood Re’s Kelly Ostler-Coyle
Kelly Ostler-Coyle, director of corporate affairs, Flood Re bemoans the fact that not enough brokers are talking to clients about Build Back Better and pays respect to “the Welsh titan of the insurance industry” Amanda Blanc.