Aviva trashes Moss as it sells off weak businesses July 5, 2012 INSURANCE giant Aviva yesterday unveiled radical plans to dispose of a quarter of its business units in a damning indictment of the strategy pursued by former chief executive Andrew Moss. Aviva said it will sell or close down 16 underperforming divisions, including its South Korean business and several of its Italian partnerships. Although it declined [...]
Ashton double hands Saracens Ulster home tie January 20, 2013 SARACENS boss Mark McCall hailed the return to form of Chris Ashton after he scored twice against Edinburgh to send his side into the Heineken Cup quarter-finals. Yesterday’s 40-7 victory was a fine way to bid farewell to a snowy Vicarage Road with the bonus point ensuring the Aviva Premiership side a last eight home [...]
Aviva could axe 15 divisions as part of overhaul July 1, 2012 INSURANCE GIANT Aviva is expected to announce a radical overhaul of its business this week including proposals to sell-off or close up to a fifth of its operations. John McFarlane, the Aviva executive chairman who has also been acting as chief executive since Andrew Moss resigned, will present the findings of a month-long strategic review [...]
Six Nations turns sour for Ireland as Healy is found guilty of stamp February 13, 2013 PROP Cian Healy will miss Ireland’s next two RBS Six Nations fixtures after being found guilty of stamping on England’s Dan Cole during their 12-6 defeat in Dublin on Sunday. The 25-year-old trod on Cole’s ankle in the 14th minute of the match at the Aviva Stadium after an Ireland maul collapsed, though match referee [...]
Boards ring the changes with new bosses January 1, 2013 SEVERAL firms including publisher Pearson and insurance group Aviva are ringing in the new year with a change of chief executive. Mark Wilson officially took the reins at Aviva yesterday, replacing Andrew Moss, who was felled by a shareholder rebellion over bonuses last May. New Zealand-born Wilson, who spent four years at the top of [...]
Payout cut sees £680m wiped off RSA’s stock February 21, 2013 MORE THAN £680m was wiped off RSA’s market capitalisation yesterday as investors took flight following the company’s decision to slash its dividend by a third. Chief executive Simon Lee told City A.M. that the unexpected decision to cut investor payouts – which forced its share price down 14 per cent – was never going to [...]
Aviva signs life insurance deal with Tesco Bank June 26, 2012 INSURANCE giant Aviva yesterday announced a five-year deal with supermarket firm Tesco that will enable it to sell life protection to UK retail customers. The deal gives Aviva the exclusive rights to sell three simplified products through the Edinburgh-based Tesco Bank business – life insurance, over 50s life insurance and life insurance with critical illness [...]
Victory No10 propels Quins into cup semis February 3, 2013 HARLEQUINS No8 Tom Guest admitted his side had to dig deep after they booked an LV= Cup home semi-final clash with Bath by edging past the Ospreys 16-12 in Bridgend. Guest yesterday led a dynamic display from the much-changed Aviva Premiership champions, who progressed via Matt Hopper’s try and 11 points from Ben Botica. “In [...]
Saracens edge Munster to lift Euro ambitions December 16, 2012 CAPTAIN Steve Borthwick insists Saracens will not be getting ahead of themselves despite moving into the box seat for Heineken Cup qualification with a 19-13 victory over Munster yesterday. Fourteen points from Owen Farrell did the damage for the Aviva Premiership outfit with David Strettle also crossing for a try as Sarries moved to the [...]
Ageing Brits aim for longer career January 3, 2013 Passing the retirement age does not necessarily mean retiring, according to data released by Aviva this morning. Almost one in four 65-74 year olds continue to earn a wage, the insurance firm said, up from 18 per cent in 2010, a hopeful statistic for a country with a rapidly-ageing population. And younger cohorts seem to [...]