Aviva estimates covid-19 impact at £160m May 21, 2020 Insurer Aviva today estimated the total payout it will have to make because of covid-19 at £160m net of reinsurance. Aviva said the estimate was based on estimated claims in business interruption insurance, other commercial lines and travel insurance. The insurer said the coronavirus pandemic “provides unprecedented uncertainty” and “may adversely impact our results”. Aviva [...]
Top City firms pledge to hike contributions to employees’ pensions pots amid concerns over looming savings crunch March 21, 2023 A coalition of top City firms today vowed to boost the contributions they make into their employees’ pensions in response to growing concerns about the potential for a looming savings crunch. Aviva, Phoenix and Herbert Smith Freehills all pledged to give pensions contributions equivalent to at least seven per cent of their workers’ salaries in [...]
Time for the Top 14 sides to make their mark in the Champions Cup January 12, 2024 If you’d have told me that the Investec Champions Cup holders La Rochelle would be without a win after two of their pool games I’d have probably laughed at you. Leinster and Stormers are difficult opponents but they’re the calibre of side Ronan O’Gara’s French men have toppled on many occasions over the last two [...]
Insurance industry bosses push back at perceptions of ‘profiteering’ June 7, 2023 Insurance industry representatives have pushed back at perceptions that firms are “profiteering” during the cost of living crisis. Bosses appeared before MPs sitting on the Treasury Committee to answer questions about rising premiums. Labour MP Dame Angela Eagle put it to the insurance industry representatives: “There’s a perception out there that insurers are profiteering with [...]
Goldman, Citi, KPMG and PwC lead office return as workers flock back into the City January 21, 2022 The City of London’s major banks, accountants, law firms, and insurers have called on staff to return offices, after the government scrapped its work-from-home guidance. Major players including PwC, KPMG, Slaughter and May, and Aviva, told City A.M that they have called on staff to come back in. Major banks and financiers including Goldman, Citi, [...]
Former HSBC Company CFO Joins GFA Exchange Advisory Board March 30, 2023 Inclusive Fintech Startup Attracts Global Experience To Transform Financial Services Mark Body, a highly accomplished financial management professional and director has recently joined the advisory board at award-winning fintech, GFA Exchange. He brings a wealth of experience as the former Global CFO of HSBC ServCo, an £18 billion business unit within the largest bank in [...]
Direct Line brings back dividend but warns there’s still work to be done March 21, 2024 Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Pressure grows on pension providers to scrap Russian investments March 2, 2022 Pressure is growing on the UK’s biggest pension and insurance fund managers to slash their Russian exposure.
City Moves: Who’s switching jobs in the Square Mile this week? May 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]
Direct Line boss James quits as another insurance firm counts the cost of the deep freeze January 27, 2023 Direct Line said it was seeking a new chief executive following the resignation of Penny James. James, who was also a director of the FTSE 250 company, will be leaving with immediate effect. Jon Greenwood, who was Direct Line’s chief commercial officer, will step in as acting chief executive officer until a permanent replacement is [...]