Ecclesiastical teases expansion into ‘new and exciting’ sector

anglican-church

Ecclesiastical has reported an underwriting profit of £24.5m for 2023, down 22% on its 2022 result of £31.5m.

The insurer attributed the fall in profits to a deterioration in prior year liability claims, as well as the fire that tore through the grade two star-listed St Mark’s Church in St John’s Wood, London

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

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.

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