Lloyds poaches Aviva life boss May 23, 2011 Lloyds Banking Group has poached Aviva’s head of UK life insurance to run its own insurance business. Toby Strauss had worked for Aviva since 2008, and will join the firm as group director of insurance and a member of the group executive committee, subject to FSA approval. Lloyds chief executive António Horta-Osório has made a [...]
SUSTAINABILITY IS ABOUT MORE THAN THE ENVIRONMENT January 25, 2012 GROUP CHIEF EXECUTIVE, AVIVA SUSTAINABILITY is a word that crops up in a lot of the conversations going on at Davos. For many, it’s a shorthand for environmentalism, but for us it has to mean much more than that. Our relationships with customers can last for decades – running a sustainable business is how we [...]
BEST OF THE BROKERS November 15, 2011 AVIVA Morgan Stanley rates the insurance group as “equal weight” with a target price of 445p, after the company’s third quarter metrics for 2011 showed continued progress, particularly in its non-life operations. However, the broker says Aviva’s IGD coverage was surprisingly weak, especially after the recent hybrid bond call. While it sees Aviva’s capital position [...]
Aviva enjoys UK sales jump May 17, 2011 GROWTH in UK home and motor insurance boosted Aviva in the first three months of the year, offsetting a sluggish performance in its life division, the company said yesterday. Aviva, the UK’s second-biggest insurer, saw global non-life insurance premiums rise nine per cent to £2.7bn in the quarter, compared with the same period in 2010, [...]
Aviva enjoys UK sales jump May 17, 2011 GROWTH in UK home and motor insurance boosted Aviva in the first three months of the year, offsetting a sluggish performance in its life division, the company said yesterday. Aviva, the UK’s second-biggest insurer, saw global non-life insurance premiums rise nine per cent to £2.7bn in the quarter, compared with the same period in 2010, [...]
WE CAN ONLY SOLVE THE CHALLENGE OF PENSIONS TOGETHER January 24, 2012 GROUP CHIEF EXECUTIVE, AVIVA ONE of the great achievements of the post-war years has been the big rise in life expectancy. People are healthier and can enjoy longer lives, seeing their grandchildren and even great grandchildren growing up. This is to be celebrated. But this achievement also poses a big challenge: paying for the growing [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2011 Cushman & Wakefield The global property consultant has expanded its EMEA sustainability team by appointing Justy Mathew as sustainability analyst, based in London. He joins from Pensions & Investment Research Consultants, where he worked on corporate social responsibility. Reporting to Andries van der Walt, head of sustainability for EMEA, Mathew will deliver sustainability consultancy for [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2011 Cushman & Wakefield The global property consultant has expanded its EMEA sustainability team by appointing Justy Mathew as sustainability analyst, based in London. He joins from Pensions & Investment Research Consultants, where he worked on corporate social responsibility. Reporting to Andries van der Walt, head of sustainability for EMEA, Mathew will deliver sustainability consultancy for [...]
We must resist a tax that isn’t FTT for purpose February 6, 2012 AS THE European Parliament held its public hearing on the proposed financial transaction tax (FTT) on Monday, the battle positions were clearly drawn. For the Eurozone, an FTT represents a smallish subsidy to repair damaged national balance sheets; for the UK, the adoption of an FTT would represent a massive drag on the country’s economic [...]
Aviva hit by drop in life insurance sales May 17, 2011 Insurer Aviva reported a 14 per cent drop in life insurance sales during the first quarter as it withdrew from less profitable segments of the market. Aviva had long term savings sales of £8.8bn in the first three months of the year, down from £10.2 billion a year earlier, it said. The decrease came as [...]