FTSE insurer Aviva confirms sale of French unit for €3.2bn to Aema Groupe February 23, 2021 Aviva confirms sale of French unit for €3.2bn to Aema Groupe
Unemployment hikes to 5.1 per cent in biggest leap in a decade February 23, 2021 The UK unemployment rate marked its highest increase in 2020 in more than a decade, according to the latest official statistics, as the labour market continues to feel the weight of months of closures during the pandemic. The annual increase in the unemployment rate last year was the largest jump since the wake of the [...]
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
Greening the economic recovery is vital for the UK’s long-term prosperity February 17, 2021 The decisions we make in the coming weeks and months on how the UK economy recovers from covid-19 will shape our economy for decades. It is crucial that we start to phase-out carbon intensive industries and lock-in clean, green innovation. The Covid-19 pandemic has brought into sharp focus what happens when humans disrupt natural systems [...]
Ollie Phillips: Improving France will dethrone Six Nations favourites England – and empty stadiums will help Les Bleus February 6, 2021 It’s easy to see why England have been installed as the favourites for the Six Nations, which starts this weekend. But they aren’t my tip. Yes, England are the holders, having prevailed in an interrupted 2020 championship that finally concluded in October. They then won the Autumn Nations Cup, beating France in the process – [...]
Insurance, disrupted: What does the start of 2021 tell us about the industry? January 29, 2021 We waited patiently for the new year. January was meant to be a fresh dawn, with many businesses embarking on transformation programmes to emerge stronger from the pandemic. But, looking at the economic and political events from this month, we see more disruption ahead. Particularly for insurance companies. Before founding OLIVER, I spent 15-years at Commercial [...]
Retail therapy: How has the Covid-19 pandemic changed the way we shop? January 22, 2021 The lifestyle changes from Covid-19 were reflected in where people chose to spend their hard-earned cash in 2020, with local shops, fitness platforms and recipe boxes feeling the benefit of a year in the coronavirus pandemic.
When it rains, it pours: Storm Christoph strikes up to £120m of insurance damage across the UK January 22, 2021 UK insurance losses could reach up to £120m in the wake of Storm Christoph with Wales hit the hardest, according to a PwC insurance leader. Residents have been forced to leave their homes and a major incident declared in Wales after enduring the highest rainfall of the four UK nations. Around 80 people, including care [...]
Lloyd’s lures Aviva’s MD for new chief of markets role January 22, 2021 Lloyd’s said this morning it has created a new chief of markets role which will oversee performance and distribution at the insurance giant. Patrick Tiernan has been hired for the position once he has seen out his current stint as managing director at Aviva, where he was previously chief financial officer. Tiernan has 24 years [...]
Insurers need to capture the Covid-19 zeitgeist and go beyond expectations January 21, 2021 As a communications professional, you rarely want your client and the words “the Supreme Court” to appear in the same sentence. However, last week, the justices issued a 112-page judgement on the Financial Conduct Authority’s appeal asking for “clarification” on whether insurance companies were required to pay business interruption claims for companies which had been [...]