High-flying Mayer sent to London January 20, 2011 IGAL Mayer’s move to become chief executive of Aviva’s all-important European business is the Canadian’s third stint in London during his 22-year career with the company. In Canada he rose to executive vice-president-level before moving to London in 1999 to become managing director at CGU, which merged with Norwich Union to become Avvia. He became [...]
RSA bid for Aviva units “not dead” August 20, 2010 IGNIS Asset Management, an institutional shareholder in both Aviva and RSA, said a deal between the two insurers remained possible although RSA would have to raise its bid proposal for some Aviva units. Ignis owns roughly 0.5 per cent of Aviva’s share capital and around 1.5 per cent of RSA’s share capital. RSA said it [...]
RSA bid for Aviva units “not dead” August 20, 2010 IGNIS Asset Management, an institutional shareholder in both Aviva and RSA, said a deal between the two insurers remained possible although RSA would have to raise its bid proposal for some Aviva units. Ignis owns roughly 0.5 per cent of Aviva’s share capital and around 1.5 per cent of RSA’s share capital. RSA said it [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 22, 2011 FINANCIAL TIMES BAIN PULLS OUT OF RAC AUCTION Bain Capital has pulled out of the bidding for RAC, the roadside rescue business of UK insurer Aviva. The US private equity group last week dropped out of the auction after bidding less than its rivals, people close to the situation said. That leaves Carlyle, Clayton Dubilier [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 22, 2011 FINANCIAL TIMES BAIN PULLS OUT OF RAC AUCTION Bain Capital has pulled out of the bidding for RAC, the roadside rescue business of UK insurer Aviva. The US private equity group last week dropped out of the auction after bidding less than its rivals, people close to the situation said. That leaves Carlyle, Clayton Dubilier [...]
FTSE hits a three-month low as Japanese disaster deepens March 14, 2011 THE FTSE 100 share index hit a fresh three-month closing low yesterday, with some sectors seen vulnerable to further falls as the extent of the damage in Japan after the earthquake and tsunamis becomes clearer. Luxury goods firms such as Burberry Group and insurers including Aviva and Catlin Group were among the top fallers as [...]
Overseas is where the growth lies March 17, 2011 LEGAL & General’s 24 per cent dividend hike and £1bn in annual profits are a sign of just how far the insurer has come over the past two years. In early 2009, concerns over the insurer’s capital requirements caused shares to drop 30 per cent in a single day. The dividend was halved to bump [...]
CITY MOVES | WHO’S SWITCHING JOBS February 16, 2011 PensionsFirst The pensions risk management firm has hired three new assistant vice presidents: Matthew Furniss (pictured) and Robert Heathcoat, who both join from Punter Southall, and Chris Hoddman, who joins from the Pension Protection Fund. Furniss will work in the client solutions group, helping clients to manage their pension risk. Hoffman and Heathcoat will be [...]
CITY MOVES | WHO’S SWITCHING JOBS February 16, 2011 PensionsFirst The pensions risk management firm has hired three new assistant vice presidents: Matthew Furniss (pictured) and Robert Heathcoat, who both join from Punter Southall, and Chris Hoddman, who joins from the Pension Protection Fund. Furniss will work in the client solutions group, helping clients to manage their pension risk. Hoffman and Heathcoat will be [...]
Aviva told to deliver or see itself split up August 16, 2010 INVESTORS piled pressure on Aviva to come up with a credible alternative to being broken up yesterday as the insurer formally knocked back rival RSA’s “unacceptable” £5bn approach for its general insurance business. Shareholders are disgruntled at Aviva’s decision not to consult them before rejecting the offer for the group’s property and casualty operations in [...]