Aviva talks up outlook as sales slide in third quarter November 4, 2009 AVIVA became the second insurer in as many days to talk up the profit outlook despite revealing a sharp slide in sales in the third quarter, led by a 25 per cent dive in UK life and pensions. The slump in the UK, where sales fell to £6.66bn from £8.84bn in the third quarter, weighed [...]
Aviva talks up outlook as sales slide in third quarter November 4, 2009 AVIVA became the second insurer in as many days to talk up the profit outlook despite revealing a sharp slide in sales in the third quarter, led by a 25 per cent dive in UK life and pensions. The slump in the UK, where sales fell to £6.66bn from £8.84bn in the third quarter, weighed [...]
Standard Life boosted by a return to risk April 29, 2010 STANDARD Life said high street savers’ appetite for equities and fixed income would continue to return this year as it beat market expectations to deliver a 30 per cent rise in sales. The Edinburgh-based insurer posted first quarter sales of £4.6bn, nearly £1bn more than analysts expected. Other stocks in the sector were buoyed as [...]
Aviva unveils shake-up of European arm October 22, 2009 INSURANCE giant Aviva has unveiled plans for a “quantum leap” restructuring of its mainland European operations. The group, led by chairman Lord Sharman, has said it will integrate 12 separate businesses across Europe, and adopt a single distribution model across the region. It will simplify its product range as part of the move, designed to [...]
Aviva to list in New York October 7, 2009 INSURANCE giant Aviva has announced plans to list on the New York Stock Exchange as it embarks on a drive to raise its profile in the US. The company, the world’s fifth-largest insurer by gross premiums, said it would begin trading on 20 October, just days after it said it would launch a partial initial [...]
Aviva to offer shares in Dutch arm at a discount October 18, 2009 INSURER Aviva is to offer shares in its Dutch subsidiary Delta Lloyd at a discount, sources familiar with the matter said yesterday, giving the unit a market value of about £2.7bn. The group, which aims to list 30 to 40 percent of Delta Lloyd, is likely to receive 1bn euros (£913m) to 1.3bn euros from [...]
Aviva to offer shares in Dutch arm at a discount October 18, 2009 INSURER Aviva is to offer shares in its Dutch subsidiary Delta Lloyd at a discount, sources familiar with the matter said yesterday, giving the unit a market value of about £2.7bn. The group, which aims to list 30 to 40 percent of Delta Lloyd, is likely to receive 1bn euros (£913m) to 1.3bn euros from [...]
Man behind Pru break-up plot unmasked April 27, 2010 PATRICE Collette, an investment manager with US-based Capital Research and Management, has emerged as the man at the centre of a plot to break up insurer Prudential. City A.M. understands Collette, who works from Geneva, is the fund boss at Capital Research who held talks with third parties including life company Aviva with a view [...]
CITY MOVES | WHO’S SWITCHING JOBS May 27, 2010 Hogan Lovells The law firm has made its first partner hire since the merger of Lovells and Hogan & Hartson, in the form of antitrust, competition and economic regulation specialist Suyong Kim. Kim is a partner at Wilmer Cutler Pickering Hale and Dorr. She has recently advised on the OFT’s dairy products and tobacco investigations [...]
CITY MOVES | WHO’S SWITCHING JOBS May 27, 2010 Hogan Lovells The law firm has made its first partner hire since the merger of Lovells and Hogan & Hartson, in the form of antitrust, competition and economic regulation specialist Suyong Kim. Kim is a partner at Wilmer Cutler Pickering Hale and Dorr. She has recently advised on the OFT’s dairy products and tobacco investigations [...]