DELTA LLOYD TAKES STEPS TO CONTROL COMBINED RATIO

Dutch insurer Delta Lloyd has partnered with Voogd & Voogd to establish a personal lines general insurance underwriting entity. Delta Lloyd said that the move is expected to have a “positive future effect” on the combined ratio of its personal lines general insurance business. Under the agreement, service company Voogd & Voogd will set up a new entity to take care of the underwriting, administrative changes and claims handling of personal general insurance products for Delta Lloyd. Delta Lloyd will remain the risk carrier, although the new company, Volmacht, will be the underwriting agent. Delta Lloyd staff involved in its personal lines business will transfer to the new company, which is expected to commence operation in January 2017.