RSA Insurance Group chief executive Stephen Hester takes home £2.5m as key management bonuses grow 66 per cent March 24, 2016 The chief executive of RSA Group raked in £2.5m in 2015, up from £2.2m he brought in the previous year after joining the insurance heavyweight in February 2014. Stephen Hester took home a bonus of £1.2m, 76.5 per cent of the maximum, after the group reported a pre-tax profit up 17 per cent at £323m in 2015. Operating profits [...]
Former Standard Life boss David Nish to join HSBC board March 23, 2016 Former Standard Life chief executive David Nish is to join the board of HSBC. Nish will join from 1 May, initially for a three-year term which, subject to re-election by shareholders in 2017, will expire at the conclusion of the 2020 AGM. He joins as an independent non-executive director, and will sit on the group audit committee. [...]
EU referendum: Two out of five small and medium-sized businesses back Brexit, says Zurich March 21, 2016 Two out of five British small and medium-sized (SME) businesses would vote for a Brexit in the upcoming EU referendum, new research has shown. This came despite only one fifth (19 per cent) saying a vote to leave the EU would positively affect the UK economy over the next five years, according Zurich's latest SME risk index. They [...]
SkyTrax 2016 World Airport Awards: Singapore’s Changi Airport top holds onto crown March 17, 2016 Singapore's Changi airport has held onto its crown as the world's best airport for the the fourth year in a row. That's according to airport transport research firm SkyTrax's 2016 world airport awards which trumpeted Changi's ability to innovate. "Changi Airport continues to innovate in both product and service options for its customers, and focus on making the [...]
UK pension changes: Savers could shun pension pots in favour of bricks and mortar if chancellor George Osborne cuts lifetime allowance in his Budget on 16 March March 14, 2016 Middle and high income earners could turn their backs on pensions in favour of investing in property should chancellor George Osborne make further changes to the lifetime allowance at the Budget later this week, research out today has found. The study by Zurich found that a quarter (25 per cent) of all Britons would funnel their savings [...]
City Moves for 11 March 2016 | Who’s switching jobs March 11, 2016 BLM Risk and insurance law business BLM has announced the appointment of abuse claims expert Sharon Moohan. Sharon joins BLM’s abuse claims team having overseen €953m (£743m) of redress payments in her role as sole solicitor for the Irish Residential Institutions Redress Board. The board was set up in 2002 to make fair and reasonable [...]
Best universities 2016: UK dominates European ranking of top institutions compiled by Times Higher Education March 10, 2016 Universities in the UK dominate in the latest ranking of the top institutions across Europe with Oxford and Cambridge leading the way. Seven UK universities score in the top 10 in the annual ranking from Times Higher Education, and make up more than a quarter of the 200-strong long list. The capital's renowned universities Imperial College, University College [...]
Italian insurer Generali set to name new chief executive this week March 9, 2016 Italian insurer Generali is set to name its new chief executive on Friday. The new appointment will replace Mario Greco, who is moving to take over as chief executive of Zurich Insurance. Two sources close to the matter told Reuters Philippe Donnet, the current head of Generali Italia, is the frontrunner for the role. Read more: Generali boss Mario [...]
What becomes of the broken hearted: “Moments of joy” can cause as much heart damage as anger, grief and fear March 3, 2016 The joy you experience watching your son getting married, becoming a grandparent or meeting an old friend after years apart can cause as much damage to your heart as severe stress, anger or grief, a new study claims. While three-quarters of cases of takotsubo cardiomyopathy – which can be fatal, although in most cases is temporary – [...]
Gianni Infantino’s victory means little – Fifa has shown few signs of cleaning up February 27, 2016 If you believe the hype out of Zurich, you’d think that Fifa has turned the corner. The ‘bad guys’ are gone. There’s new management. And Fifa has had a Damascene conversion to good governance, transparency and accountability. Wrong. Wrong. Wrong. The overwhelming emotion for many when Gianni Infantino won the ‘beauty contest’ of the Presidential [...]