Friends Life Group News

Aviva CEO: Jump in New Business Will Allay Fears About Friends Life Acquisition

Aviva Plc Chief Executive Officer Mark Wilson said a 25 percent jump in new business in the first nine months of the year should allay concerns that his 5.6 billion- pound ($8.6 billion) acquisition of Friends Life Group Ltd. was …

Aviva CEO & CFO Reduce Long-Term Bonuses After Voting Agency Concern

Aviva plc’s Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over 2015 compensation. Wilson’s long-term incentive plan (LTIP ) reverted back to 2014 …

U.K.’s Aviva Reports 6% Increase in Operating Profit for 2014

Aviva plc, in the midst of buying Friends Life Group Ltd. for $8.6 billion, increased its shareholder payout for 2014 by 30 percent as the insurer reported higher profit. The final dividend was lifted to 12.25 pence per share, taking …

Impatient New Zealander Jolts U.K. Insurance with Aviva Shake-Up

During Mark Wilson’s first week at Aviva Plc in London he stormed out of a meeting with top executives after growing frustrated with the lack of boardroom debate. In the two years since, the chief executive officer sold units from …