Who’s switching jobs October 3, 2012 Pioneer Investments Jonathan May has been appointed head of institutional business development, UK at the investment management group. He joins from Aviva Investors, where he was been head of global consultant relations. May has 20 years’ experience in the industry, and has also held senior positions at Fidelity International. Marex Spectron The commodities-focused financial products [...]
Simpsons eyes Saints victory September 27, 2012 WASPS must tonight make a fast start if they hope to end Northampton’s 100 per cent start to the Aviva Premiership season, admits scrum-half Joe Simpson. “We don’t take heart from the fact that Northampton have let a few teams back into it late on recently because we don’t want to find ourselves in that [...]
Aviva sells Sri Lankan unit as disposal strategy accelerates September 27, 2012 BRITISH insurer Aviva yesterday agreed to sell its stake in a Sri Lankan joint venture for £31m, the latest step in a bold plan to streamline the firm. Hong Kong’s AIA Group, formerly part of American insurance giant AIG, paid cash for the 58 per cent stake in the business, which was run in co-operation [...]
AIA snaps up stake in Aviva’s Sri Lankan unit September 27, 2012 Asian insurer AIA Group said this morning it had acquired the bulk of Aviva’s Sri Lanka operation, in a deal worth $109m (£67.3m). AIA, formerly part of US insurance giant AIG, has agreed to buy a 92.3 per cent stake in Aviva NDB. The transaction includes a 20-year bancassurance agreement with Sri Lanka’s National Development [...]
Insurers face £40m floods bill September 26, 2012 NORTHERN England and Scotland have been hit hard by flooding, leaving UK insurers facing a hefty bill of up to £40m for this week’s damage. Analyst Barrie Cornes at Panmure Gordon told City A.M. that RSA faces a bill of £12-£15m, Aviva £15-£20m and Legal & General around £3-£5m. This is on top of substantial [...]
Aviva sets deadline for £300m sale of Malaysian joint venture September 25, 2012 INSURANCE giant Aviva has set a deadline of 29 October to receive bids for its Malaysian insurance business, reports suggested yesterday. Prudential, Manulife and Sun Life Financial are thought to be in the running to buy the British firm’s holding, which is expected to fetch at least $500m (£317m). Aviva set up the business five [...]
McCall calls for Saracens to tidy act up after loss September 23, 2012 SARACENS’ unbeaten start to the new Aviva Premiership season ended at the hands of Exeter – and director of rugby Mark McCall admitted indiscipline cost them dear in the 14-12 loss. Sireli Naqelevuki’s second-half try and three penalties from Ignacio Mieres gave the Chiefs victory as Owen Farrell’s 12-point haul was only good enough for [...]
Pay boom over for UK bosses September 20, 2012 SALARIES for Britain’s top bosses are rising at below the rate of inflation and bonuses shrank in the last year, hit by the economic slump and tougher scrutiny of executive pay, according to research out today. The figures from Deloitte show that even FTSE 100 chief executives are feeling the pinch this year, with the [...]
Aviva Investors mulls overhaul of listed real estate business September 19, 2012 AVIVA Investors could close its global listed real estate business divisions in New York and London as it reviews the way it manages its listed real estate securities, it was revealed yesterday. The firm, the asset management division of insurance giant Aviva, has written to advisers informing them its current business has “insufficient scale” to [...]
Surge in banking shares helps FTSE to maintain its near 6-month high September 19, 2012 STRENGTH in banks and energy stocks hauled Britain’s leading share index higher yesterday as fresh central bank stimulus moves, this time from the Bank of Japan, whetted investors’ appetite for riskier-perceived assets. The BoJ joined in recent action from the US and Europe with bond purchases designed to kick-start its economy as central banks aim [...]