ACE European Group chairman Andrew Kendrick stresses that the insurer will not be making a grab for market share and continues to focus on underwriting discipline, in an exclusive interview with Insurance Times.
Recently released figures from Companies House show ACE European Group’s combined ratio last year was 96.6% as opposed to 95.5% in 2009.
Net written premium was £956m (2009: £937.2m) and pre-tax profits were £195.1m (£262.2m).
“We have a very clear message in the market, which is if you want to maintain your proposition to your clients and brokers, then it has to be a strong balance sheet.
"Why would I ask the clients to transfer their risks to my balance sheet if I’ve damaged it through poor underwriting?”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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