City Moves for 18 May 2015 | Who’s switching jobs May 17, 2015 BT Alison Wilcox has been appointed group HR director at BT. She joins from Vodafone, where she has been regional HR director for Europe for the past 18 months. Wilcox has also worked as regional HR director for Africa, the Middle East and Asia Pacific at the mobile operator. Centrus Advisors The treasury and debt [...]
Over 50s take half as many sick days as younger workers May 14, 2015 Businesses looking for an efficient workforce should hire workers over 50, according to a new study which labels the age group as the "UK's most reliable when it comes to work". Research from insurance provider Rias, using figures compiled by Opinium this year during a survey of 2,022 people, found that UK workers over 50 [...]
Admiral boss to leave after 25 years at the top May 13, 2015 ADMIRAL Group boss and founder Henry Engelhardt delivered a characteristically colourful statement to the market yesterday, when the insurance company announced that he will step down as chief executive in one year’s time. Engelhardt, has led the Cardiff-based company since 1991, steering it through its 2004 float, and yesterday his colleagues commended his performance at [...]
City Moves for 14 May 2015 | Who’s switching jobs May 13, 2015 Nexus Planning Amanda Balson has been appointed director of the planning and regeneration consultancy’s London office. She joins from Terence O’Rourke, and in her 20 years in the industry has also held director roles at Turley and DTZ Pieda Consulting. Allianz Global Investors Tobias C Pross has been appointed head of Europe, Middle East and [...]
Admiral Group chief executive Henry Engelhardt to step down May 13, 2015 Insurer admiral has announced that chief executive Henry Engelhardt intends to step down in one year's time, and he'll be replaced by co-founder and chief operating officer David Stevens. Engelhardt, who has been with the company since it was first created in 1991, said "don't bury me yet, Guys!". "I still have 12 months on the job and [...]
Insurer Hiscox’s growth lifted by fewer disasters in first months of 2015 May 12, 2015 International specialist insurer Hiscox has reported a 12 per cent quarterly increase in gross written premiums (GWP), boosted by currency movements and fewer disasters. The London-listed company said premiums for the three months ending 31 March rose to £561.7m from £501.6m at the same time last year. Chief executive Bronek Masojada said: “It’s been an [...]
Saga share sale increased after demand grows May 12, 2015 Advidors were forced to increase the size of the Saga share sale to 122.5m yesterday evening after strong demand. The shares will be priced at 195p. Acromas had earlier announced that it intended to sell a minimum of 77m shares in specialist insurance group Saga, representing a seven per cent stake in the company. The [...]
Don’t fear the SNP: The City can do business with Scottish nationalists May 12, 2015 When Parliament reconvenes next week, there will be many new faces among the throng of MPs being sworn in. For the first time, with no fewer than 56 representatives, the third largest party in the House of Commons will be the SNP. What will that mean for the City’s relationship with Westminster? On the one [...]
Beware under-insurance: Four in five people don’t have adequate coverage for their precious things May 12, 2015 Do you have adequate insurance for the contents of your home in the event of a disaster? Probably not. Research suggests four in every five high net worth individuals is under-insured, according to Oak Underwriting. Another study from Datamonitor put the figure slightly lower, at 70-75 per cent of wealthier homeowners – but still a [...]
Insurance customers may be ripped off by poor sales information May 11, 2015 Insurance firms received a slap on the wrist from the City watchdog yesterday for failing to provide proper information to customers on the costs of various payment options. The Financial Conduct Authority’s study found that insurance sellers do not always make it clear how much customers will pay if they pick various different payment options. For [...]