AM Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Allianz Cornhill Insurance plc (ACI).
The outlook for these ratings remains negative, which is in line with the parent company, Allianz AG.
The rating reflects support from Allianz AG, excellent stand-alone risk-adjusted capitalisation, strong operating performance and ACI's excellent business profile.
A.M. Best anticipates that ACI's risk-adjusted capitalisation will remain supportive of the current rating in 2005, factoring retained earnings of approximately £70m, a decrease in net written premiums due to the cancellation of inadequately priced business, as well as the sale of the life business in late 2004.
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.
