Low risk, but low readiness. That’s the assessment for Long Beach, Calif., a city that’s close to my heart. For those who love numbers, the city has a risk score of 49.48, and a readiness score of 47.01. Not entirely …
Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as 18.75 percent for …
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 …
Aviva Plc said it may eliminate about 1,500 jobs with its £5.6 billion ($8.48 billion) takeover of Friends Life Group Ltd. The job losses form part of an estimated £225 million [$340.76 million] in annual savings from the deal by …
Aviva plc and its partner Haci Omer Sabanci Holding AS raised 331 million liras ($147 million) in the initial public offering of their Turkish pension and life insurance unit as the shares priced near the top of the range. The …
Aviva Plc rallied to its highest in more than five years after profit beat analysts’ estimates and Chief Executive Officer Mark Wilson said he planned to restore bonuses at the U.K.’s second-biggest insurer by market value. Operating income in the …
Aviva Plc named Blackstone Group LP Senior Managing Director Tom Stoddard chief financial officer after its previous finance head decided to leave the company. Stoddard, Blackstone’s head of global financial institutions advisory, will become Aviva’s CFO on May 5, the …
Aviva plc, the U.K.’s second-biggest insurer by market value, said Chief Financial Officer Pat Regan resigned to take up a similar job at Australia’s QBE Insurance Group Ltd. Regan, who joined Aviva as CFO in February 2010 and sits on …
The U.K.’s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications. The government will today publish a refreshed version of its National …
