Aviva News

Aviva’s New Boss Has One of Toughest Jobs in European Finance: Opinion

It’s time for someone else to have a go at one of the toughest jobs in European finance: deciding the future of Aviva Plc. The UK insurer’s pick of Amanda Blanc as chief executive officer has brought a leader with …

UK’s Aviva Names Former Zurich Exec Blanc as CEO, Succeeding Tulloch

Aviva plc announced the appointment of Amanda Blanc as chief executive officer with immediate effect. She succeeds Maurice Tulloch, who has stepped down from the role for family health reasons. Blanc is currently an Independent non-executive director at Aviva plc. …

UK’s Aviva Expects COVID-19-Related Claims of Nearly $200 Million

British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter sales, it said on Thursday, as government lockdowns aimed at containing the virus hit the global economy. Insurers globally are …

Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions

Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he battles for the …

Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns

British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the coronavirus. Aviva, …

British Insurers Suspend Sale of Travel Insurance to New Customers

British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. “The ongoing global situation with coronavirus means there’s much greater likelihood of disruption to people’s travel plans, …

UK’s Aviva to Sell Entire Stake in Indonesia Joint Venture

British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation. “The transaction is expected to complete in Q4 2020 …

Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions

Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said. With 132 deaths in …

After Aviva’s Reorganization, CEO Vows More Accountability

U.K. insurer Aviva Plc’s reorganization into five units will make it easier for investors to understand the company and foster a “culture of accountability,” according to Chief Executive Officer Maurice Tulloch. Tulloch, who took over the helm of the $20.4 …

Aviva to Retain China, Singapore Businesses After Conducting Asian Review

Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest market, Singapore. The firm will continue to explore …