At the crossroads: Changes at RSA, Aviva and Ageas add to market uncertainty
Management shake-ups and changes in appetite for some classes of business at several providers may herald trouble for brokers
There has been a lot of movement in the insurer market lately from management shake-ups to consolidation.
Examples of changes include Axa hiring Claudio Gienal as UK chief executive after Amanda Blanc moved to Zurich, and the Allianz and LV deal resulting in business moving between the two providers. We have also seen Axa buy XL Group.
In the last month things have ramped up even more; RSA, Aviva and Ageas all reported significant developments, demonstrating a degree of turmoil in the
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