Lloyd's motor result reflects 'torrid' time
Lloyd's finance director Luke Savage has said Lloyd's 2010 UK motor insurance result reflects the "torrid" experience of the whole market within that class of business. Its motor book reported an underwriting loss of £520m (2009: £83m loss) and a combined ratio of 151.5% (2009: 108.4%).
He welcomed the government's endorsement of Lord Justice Jackson's recommendations to tackle personal injury costs but added that, at 6% of Lloyd's overall premium, motor accounts for a small portion
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.
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@postonline.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@postonline.co.uk
More on Lloyd’s/London
What insurers should do to stop sexual harassment
Analysis: Damisola Sulaiman reviews the progress of trade bodies in responding to the Financial Conduct Authority’s findings on sexual harassment in the industry and explores what steps insurers and brokers can take to prevent abusive incidents and the ramifications if they fail to do so.
Fitch expects mixed fortunes for UK non-life insurers in 2025
Fitch Ratings has predicted that the UK non-life insurance sector will have mixed fortunes in 2025, with some parts of the market facing an uphill battle to turn a profit.
Ki ‘well on its way’ to using AI
Ki Insurance is “well on its way” to using artificial intelligence in its system, according to CEO Mark Allan.
Blueprint Two build on track for Q1 completion
Lloyd’s deputy chief financial officer Alexandra Cliff has said the technology build for the market’s Blueprint Two modernisation programme is set to complete by the end of Q1.
Throwback Thursday: Lloyd’s IT update & General Accident’s anniversary
Insurance Post’s Throwback Thursday steps back in time to January 1985 to remind you what was going on this week in insurance history when Lloyd’s introduced a new computer system and General Accident celebrated its 100th birthday.
Aventum Group pledges $12m to bring tech entirely in-house
Aventum is committing a $12m (£9.8m) investment in technology over two years to create a proprietary tech function entirely inhouse across all global operations.
Cyber market under pressure to pass on know-how to the next generation
The cyber insurance market needs to expedite the passing on of know-how from experienced staff to new recruits, Markel’s head of cyber has said.
Big Interview: Aki Hussain, Hiscox
Aki Hussain, CEO of Hiscox Group, explains how he has accelerated the kind of innovation and created the type of culture that is essential to keeping the international insurance group in pole position in the market.