About David Crichton on behalf of ABI and C.G.U.
This is an introduction to CGU,
for more information on CGU click here
About David Crichton on behalf of ABI and C.G.U.
This is an introduction to CGU,
for more information on CGU click here
DAVID CRICHTON
An economist and highly experienced insurance underwriter who has developed a unique reputation for his expertise on the impacts of climate change and natural disasters from an insurance perspective.
His understating of Insurers' and reinsurers' need is combined with the knowledge of the latest data and catastrophe modeling techniques.
He has developed good links with government, academia and NGO's which give him "behind the scenes" knowledge of current thinking and research, and he frequently advises and represents the Association of British Insurers on UK flood and storm risk issues.
Now available to provide authoritative, independent, and confidential consultancy services to insurers, reinsurers, and those wishing to supply specialist services to the insurance industry.
CGU - a brand new company that's been around for 300 years
From a history that can be traced back to 1696, CGU is now the largest UK-based life and general insurance group. 1998 brought rapid progress in integrating the merged operations and strengthening the three core businesses of life and savings, general insurance and asset management.
CGU has
These are CGU's performance figures for 1998:
United Kingdom:
Total premium income and sales of investment products: £6,292m
CGU is the largest life and general insurer in the UK. The merger has involved both arms of the business.
France:
Total premium income: £2,433m
CGU is one of France's top ten life and general insurers.
Netherlands:
Total premium income: £1,094m
Delta Lloyd, our company in the Netherlands, ranks fifth in the market for both life and general insurance, with life business accounting for two-thirds of its premium income.
Other European operations:
Total premium income and sales of investment products: £1,837m
As well as the UK, France and the Netherlands, CGU operates in 18 other countries in Europe where it provides both life and general insurance.
United States:
Total premium income: £2,737m
The merger has catapulted CGU to 16th position in the general insurance market that accounts for 40% of the world's volume and is home to over 2,000 companies.
Canada:
Total premium income: £834m
The merger has strengthened CGU's position as the largest general insurer in Canada.
Australia & New Zealand:
Total premium income: £542m
CGU's businesses in Australia and New Zealand write all types of general insurance and each ranks within the top three in its marketplace.
Asia:
Total premium income: £149m
CGU's operations in Asia are mainly in general insurance with substantial businesses and top five positions in Hong Kong, Malaysia, Singapore and Thailand.
Other operations: Total premium income: £340m
Managed by its International Division, CGU has businesses in South Africa, Brazil, Turkey, Pakistan and the Middle East. It is also preparing the ground for entry into China and India.
Asset management: Assets under management: £121bn
Responsible for over £121bn assets under management, CGU has become one of the top 40 asset managers in the world. The UK asset management businesses merged their operations by July 1998 while maintaining an excellent investment performance. For assets under management, CGU is
Life & Savings: £8bn sales, 1998 profits up 21% at £498 million
CGU has a powerful presence in the European life and savings markets through its three largest life operations in the UK, France and the Netherlands and also fast-growing businesses in other markets. Life & savings premiums before reinsurance:
General Insurance
£10bn premiums
CGU will take advantage of its greater size, lower unit costs and broader range of skills. A focus on efficiency and an emphasis on those market segments where we have leadership positions will make our businesses more competitive and profitable. CGU now holds prominent positions in the UK, North America, Australia and France.
In developing our new integrated businesses, the needs of our customers and intermediaries have driven the design of our products and service capability.
General business premiums before reinsurance: