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Insure TV News | November 2023
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Learning: Unstructured
In this Insure TV update, host Roy Palmer covers significant developments in the insurance and financial sectors. Allianz kicks off the report with a 14.6% drop in Q3 operating profit, primarily attributed to natural catastrophes impacting the property casualty business segment. The combined ratio reaches a decade-high, and net income sees a substantial decrease. Shifting focus to Bridge Insurance Brokers, a notable 16.3% fall in operating profits is disclosed, despite a commendable 11% growth in turnover. The update concludes with breaking news from Axis Managing Agency, revealing the appointment of John Owen as the new Chief Executive. Owen's extensive experience, including two decades at Nova and recent service as the head of specialty for global markets, positions him to lead Axis Managing Agency into a new era. Host Roy Palmer wraps up the session, providing insights into the dynamic developments in the insurance sector.
