Aviva News

Generali CEO Says Insurer Has Financial Strength for M&A Deals

Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet. “We are considering very strict discipline for M&A which allows value creation,” Donnet said …

Financial Services Firms Should Be Banned From Misusing Gag Orders: UK Lawmakers

Finance firms in Britain should be banned from misusing non-disclosure agreements (NDAs) to silence victims of sexual harassment and abuse, lawmakers said on Friday, calling for an end to an era of impunity for predators and bullies. In a report …

Generali CEO’s Strategic Wishlist Includes €10 Billion Deals

Assicurazioni Generali SpA is analyzing a range of potential takeover candidates as part of the insurer’s growth plans, with some of them worth more than €10 billion ($10.9 billion), according to people familiar with the matter. The Italian insurer would …

UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M

Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million). The transaction includes Probitas Managing Agency, which is the managing agent …

Some UK Financial Services Firms Keep Flexible Working to Boost Women in Workforce

As firms across the City of London consider clamping down on working from home, Schroders Plc is sticking to its policy of letting workers decide how much time they spend in the office. “Flexible working provides a strong link to …

Harassment of Women in Financial Services Eclipses Other Industries: Aviva CEO Blanc

Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in financial services eclipsed other industries and that she had heard “absolutely appalling” stories. Blanc, giving evidence to the Treasury Committee …

Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m

Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates as a managing general agent (MGA), is a provider of …

Net-Zero Investor Group Reports Financing Activities Lead to Emissions Decline

A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System reported a modest decline in greenhouse gas emissions enabled by its members’ lending and investment activities, the first time it …

UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle

Britain’s Labour party has held back the launch of a new business council after senior Conservatives intervened with financial services companies that were due to take part. Chancellor of the Exchequer Jeremy Hunt spoke to at least one business about …

UK Closer to Mandatory CO2 Disclosures With New Guidelines

The UK just moved a step closer to requiring companies to provide detailed statements on future carbon emissions reductions that will include both their operations and supply chains. The Transition Plan Taskforce, an initiative started by the UK Treasury and …