Aviva, the UK’s second-biggest insurer, is closing in on the sale of its underperforming U.S. business, a key part its drive to strengthen its finances in an uncertain economic climate and revive its share price. The disposal, expected “reasonably soon,” …
A report by Swiss research company MyPrivateBanking concludes that while the “mobile app revolution” has reached the insurance industry, adoption of the popular technology is “still at a very early stage, showing patchy and inconsistent deployment.” The survey involved a …
Aviva, the UK’s No.2 insurer, plans to sell or close more than a quarter of its businesses in a shake-up aimed at regaining the support of investors irked by the group’s flagging share price. The company, whose weak stock market …
British insurers face big claims for flooding after the heavy rainfalls across the country this month, making it harder for them to hit profit targets and potentially forcing them to raise premium rates for consumers, analysts said on Tuesday. Hundreds …
A.M. Best Europe – Rating Services Limited has reviewed and maintained the under review status of the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the insurance subsidiaries of the UK’s AVIVA plc, as …
A.M. Best Europe – Rating Services Limited has commented that the financial strength ratings, issuer credit ratings and debt ratings of the UK’s Aviva plc and its subsidiaries “are unaffected by the recent announcement that Aviva’s chief executive officer (CEO) …
Following the announcement that Andrew Moss will leave the Aviva Group at the end of May, the company announced that he “will receive basic salary in lieu of 12 months notice in accordance with his contractual entitlements in installments and …
Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped prompt votes against remuneration policies at this year’s annual meetings. Investors and directors say the …
Andrew Moss has announced his resignation, with immediate effect, as CEO of Aviva, the UK’s largest insurance group. The move comes five days after his salary figures were rejected at the annual general meeting of shareholders. He will also “leave …
MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life insurance and pension businesses in Romania (Aviva Romania …
