ABI struggles to save UK insurers from US rules August 25, 2010 UK life insurers could be hit with tens of millions of pounds of costs if they are forced to comply with tough regulations on tax evasion being drafted by US authorities. Companies such as Aviva, Old Mutual and Prudential would be forced to report the tax details of their US account holders every year under [...]
FUND MANAGEMENT NEWS September 21, 2010 NEW CHINESE ESG INDEX LAUNCHED Provider of sustainability ratings and indexing solutions ECP International has teamed up with China Securities Index to create the CSI ECPI China Environmental and Social Governance 40 Equity Index. The first of its kind, the index identifies the 40 highest ESG-rated companies amongst the Chinese SSE180 Corporate Governance Index and [...]
Tonga’uiha brace takes down Tigers September 5, 2010 NORTHAMPTON captain Dylan Hartley toasted a dream start to the season after Saints downed defending champions Leicester 27-19 in their Aviva Premiership opener. Prop Soane Tonga’uiha set them on their way with two tries inside the first five minutes as the home side raced into a 17-point lead. Leicester hit back before the break when [...]
Tonga’uiha brace takes down Tigers September 5, 2010 NORTHAMPTON captain Dylan Hartley toasted a dream start to the season after Saints downed defending champions Leicester 27-19 in their Aviva Premiership opener. Prop Soane Tonga’uiha set them on their way with two tries inside the first five minutes as the home side raced into a 17-point lead. Leicester hit back before the break when [...]
Resolution posts profit and eyes new acquisitions August 17, 2010 Insurance buyout vehicle Resolution said on it would hunt out further acquisitions in a consolidating sector, as it posted an interim profit compared to a loss a year earlier. Resolution made an operating profit before tax of £203m for the six months ending June, compared to a loss of £7m a year earlier. Its earnings [...]
ANALYST VIEWS: WHAT DID YOU THINK OF AVIVA’S END OF YEAR RESULTS? March 4, 2010 BARRIE CORNES | PANMURE GORDON “Aviva has reported 2009 results that were well ahead of consensus and above the top end of the range for MCEV and IFRS operating profit. Given the investment risk of the Prudential/AIA deal we recommend a switch into Aviva.” JAMES HUGHES | CMC MARKETS “In London, numbers from Aviva were [...]
Showing a lack of intensity simply isn’t good enough September 9, 2010 AFTER such an extensive pre-season, it was somewhat disappointing to start the new Aviva Premiership season off with a rusty display against London Irish at Twickenham last Saturday. There are a lot of issues which can ultimately prove the difference between winning and losing in rugby, but the fact of the matter is we were [...]
Insurer Aviva is hit by poor life revenues February 4, 2010 Insurer Aviva yesterday reported weaker 2009 life sales, held back by tough economic conditions in the UK, and said its general insurance arm had been hit by hefty bad weather claims in the final quarter. Aviva had total 2009 life and pensions sales of £32bn, down 12 per cent from £36.24bn the previous year, the [...]
FUND MANAGEMENT NEWS July 6, 2010 SANLAM LAUNCHES AFRICAN FUND Sanlam Investment Management have launched a Ucits African Frontier Markets Fund. The minimum investment stands at £1,000, with a performance fee of 20 per cent and management fee of 1.75 per cent. The fund, managed by Eric Kibe, exploits African equities’ low correlation with mainstream global equity markets by investing in [...]
Standard Life profit up on overseas expansion August 11, 2010 INSURER Standard Life reaped the benefits of growth at its overseas division to post higher interim profits. Operating profit before tax from continuing operations rose ten per cent from last year to £182m, helped by growth overseas in areas such as Canada and India. Net inflows rose 71 per cent to £5.3bn, while the company [...]