Getting insured for your ski holiday is snow joke November 22, 2012 You’re heading to the ski slopes for a well-earned break from City life. Your passports have been rediscovered, your flights booked, and your bags packed. But have you arranged your travel insurance? A survey of winter holiday-makers by the AA found that a third of those buying travel insurance did not check the level of [...]
Who’s switching jobs November 19, 2012 Smith & Nephew Julie Brown has been appointed chief financial officer at the medical technology business. She joins from AstraZeneca, where she was vice president for group finance and interim chief financial officer. Brown was at AstraZeneca for 25 years, and previously qualified as a chartered accountant at KPMG. Natixis Global Asset Management The asset [...]
Resolution hit by charges on AXA takeover November 15, 2012 SHARES in insurance buyout vehicle Resolution slumped yesterday after the firm said it will have to pay an extra £35m as part of its purchase of AXA’s UK life insurance business. Tim Tookey, chief financial officer, told City A.M.: “The AXA charge [relates to] some of the costs in the final stage of separation of [...]
Who’s switching jobs November 8, 2012 Houlihan Lokey Sascha Kroissenbrunner has been appointed director in the investment bank’s industrials group. He joins from UniCredit Group in Vienna, where he was managing director and head of the general industrials group for central and eastern Europe. He has also held senior positions at the Royal Bank of Scotland in London and Frankfurt. State [...]
Andy Haste to join Lloyd’s as deputy chair October 31, 2012 AFTER a short break from the world of insurance, RSA’s former chief executive Andy Haste is planning a return to the sector as deputy chairman of Lloyd’s of London. Haste will begin a three-year term at the UK’s insurance and reinsurance market today, stepping in to succeed Dr Andreas Prindl, who is retiring. He bowed [...]
Is building residential high rise apartments a good idea? October 29, 2012 MARK TINKER | AXA FRAMLINGTON Having people live in large high-rise buildings, which are also used as offices and shops, integrates the building into the city. But London doesn’t want to lose the street level feel that is unique to the city. NICK SCOTT | SCOTT CITY RESIDENTIAL There is big money in high-rise space [...]
AXA revenues grow thanks to new markets October 25, 2012 EUROPEAN insurance giant AXA yesterday said its revenues grew by 1.3 per cent in the first nine months of 2012, driven by improvements in its property and casualty business. Headline income was €68.4bn (£55bn) for the first nine months of 2012, up from €65.9bn for the same period last year. However the French firm’s accounts benefited [...]
Who’s switching jobs October 25, 2012 McCarthy & Stone The construction firm has appointed Mark Elliott as its new chief executive. He previously worked for Arena Leisure, the hotel and race course operator, where he oversaw its merger with Northern Racing in March 2012. Elliott was also formerly chief executive of Wembley. Otkritie The Russian financial services firm has appointed Ruben [...]
RBS sells on offices to Axa and Norway in real estate unwind October 10, 2012 ROYAL Bank of Scotland has sold two office blocks in Germany to Axa’s real estate investment arm and the Norway’s state pension fund for €784m (£631m) in a further push to unwind its asset base. The two buildings, in Frankfurt and Berlin, are thought to be part of RBS’s German Pegasus portfolio, which it took [...]
Axa Real Estate hunts for cash October 1, 2012 AXA Real Estate Investment Managers yesterday unveiled a fresh round of fundraising that will bring €2bn (£1.6bn) into its war chest for new investments by the end of the year. The French group has already raised €1.4bn in new capital so far this year, and will target investors in Germany, the Netherlands, the Nordics and [...]