How Aviva’s leaping into the record books by hedging death rates March 6, 2014 While the news headlines surrounding insurer Aviva this morning focused on its encouraging profits and ongoing turnaround, there was one nugget of information buried deep inside its results which failed to catch the eye – just the biggest pension trade in history. In a brief line on page 126 of the 175-page tome, Aviva says [...]
“Aviva still has issues” says boss as profits rise March 6, 2014 Aviva has reported a six per cent rise in operating profit for 2013, to £2bn. Chief executive Mark Wilson said the businesses’ turnaround is “intensifying”, adding, however, that he wants to “guard against complacency”. Shares have, however, leapt over eight per cent in trading this morning. Source: Google The London-based insurer saw cash flows up [...]
Aviva old guard steps down for top Aussie job January 23, 2014 INSURANCE giant Aviva yesterday announced the resignation of its chief financial officer Pat Regan, just a year after he narrowly missed out on the job leading the company. Regan, who was made CFO in 2010, said he will step down in June to take up the reins as chief executive officer at Australian insurer QBE [...]