Aviva Plc is exploring a sale of its Friends Provident International unit, which offers life assurance and investment products, in a deal that could raise between $500 million and $700 million, a source with direct knowledge of the matter said. …
Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That’s odd. Switzerland’s largest insurer has no capital hole that needs filling. The move suggests newish CEO Mario Greco may be concerned about missing out on …
Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory hassles. Big mergers may be the most …
EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday. Officials from Aviva and Legal & General, two of Britain’s biggest insurers …
Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds worth around 18 …
Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally as the British insurer scouts for deals outside its home market. Singh, who led dealmaking for financial institutions in Southeast …
Social media and FOMO (fear of missing out) could be putting road-users at risk, as motorists admit to checking social networking sites and reading messages on their phones while driving, according to UK insurer Aviva. A poll of 1,565 drivers* …
Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the U.K.’s second-largest insurer, posted a 13 percent …
Market falls triggered by Britain’s vote to leave the European Union will hit British insurers’ capital, raising concerns over their ability to pay dividends or hand cash back to investors. New European capital Solvency II rules introduced in January require …
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance Act, due to take effect …
