Aviva life sales jump to £25bn, boosted by record savings and retirement inflows November 11, 2021 Aviva’s life sales have jumped to £25.3bn in its latest quarter, which has been boosted by “record” inflows in its savings and retirement division, the firm’s boss confirmed today. The insurer secured £7.3bn worth of savings and retirement funds in its third quarter, which CEO Amanda Blanc said signals “excellent” progress in its post-shakeup growth. [...]
Insurance body ABI names Nicky Morgan new chair amid management shake up November 10, 2021 Former MP Nicky Morgan has been appointed as the first independent chair of the Association of British Insurers (ABI), as the trade body overhauls its management. Two more senior appointments were today announced by the ABI, whose members include Aviva and Axa, as part of reforms by the organisation to improve consumer trust in the [...]
Investors warn Big Four of AGM rebellions over climate accounting November 2, 2021 An investor group managing around $4.5tn worth of assets have issued a warning to the top four auditing giants to start including climate risk into their audits, or risk rebellions at AGMs, according to reports. In a letter seen by Reuters, which first reported the news, the investors told the Big Four auditors that unless [...]
City Moves: Who’s switching jobs in the Square Mile today? October 22, 2021 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. Seraphim Space Manager of London-listed Seraphim Space Investment Trust, Seraphim Space has poached Virgin Management’s former Investment Director. Joining the firm immediately, Andre Ronsoehr has been appointed to help build out Seraphim’s space investment portfolio. While at [...]
City Moves: Who’s switching jobs in the Square Mile today? October 14, 2021 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. McDermott Will & Emery Law firm McDermott Will & Emery has poached the new Head of its London Corporate Tax practice from Deloitte. Kevin Cummings makes his return to the legal market after being a Partner at [...]
Lockdown savings drained as Brits worry about price rises October 13, 2021 Three quarters of UK adults are worried about rising living costs with the sandwich generation of 45-64-year-olds the most anxious. Some 35 per cent feel more anxious about the future compared with before the pandemic, rising to 42 per cent among people aged 45-54. The data comes from Aviva, who said one in five people [...]
Aviva’s treasure trove: Insurance giant reveals quirkiest claims in its 325-year history October 11, 2021 A husband accidentally cooking his wife’s jewellery, a publican who hurt his leg while ejecting a drunken customer and an elephant squeezed into a van are among the most unusual claims that Aviva has ever dealt with. The insurance giant has trawled through its archives to unearth a “treasure trove” of claims dating back centuries, [...]
Crypto crime landscape shifts to bigger threats targeting smaller numbers October 5, 2021 The use of cryptocurrencies for illicit activities from ransom money, money laundering and funding for terrorist activities continues unabated.
PM aiming to schmooze globe’s top finance brass at green summit October 5, 2021 The chiefs of the globe’s top finance brass will attend a green summit hosted by Prime Minister Boris Johnson. The bosses of Wall Street behemoths JPMorgan and Goldman Sachs and asset manager big beasts BlackRock and Blackstone will be among those Johnson is hoping to schmooze to generate billions of pounds of investment for the [...]
Let’s talk Aviva: Smaller but richer insurance firm is looking to grow again September 29, 2021 It has been an interesting couple of months for insurance firm Aviva. The City giant sacked its fund manager and was dragged into a leasehold agreement affair it had hoped to avoid. Nevertheless, following a year of cutting costs and selling foreign assets, Aviva feels confident about the future. The company is firmly on investors’ [...]