October 29, 2018
Boardroom pay is a contentious issue in the U.K., which is hardly surprising when top CEOs earn 145 times more on average than their workers. Shareholders have been slow to call time on the gravy train, probably because the stock-market …
October 10, 2018
British insurer Aviva Plc has parted ways with CEO Mark Wilson, effective immediately, and given itself four months to find a successor. The manner of his sudden departure after almost six years may look harsh, but it’s not hard to …
October 9, 2018
Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for. During his six years in charge, the high-profile 52-year-old New Zealander oversaw one of the …
February 6, 2018
The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer. His company, the U.K.’s second-largest insurer, is working with Tesla on how to insure driverless …
January 10, 2018
Britain’s Prime Minister Theresa May will meet executives from major finance companies on Thursday to give them a clearer idea of what Britain’s European Union exit will mean for them. There are concerns that Brexit threatens London’s status as the …
November 30, 2017
Aviva expects to generate an extra 3 billion pounds ($4 billion) in cash over the next two years and will make acquisitions as well as giving money back to shareholders, it said on Thursday, sending its share price to three-month …
March 28, 2017
Aviva Plc is exploring a sale of its Friends Provident International unit, which offers life assurance and investment products, in a deal that could raise between $500 million and $700 million, a source with direct knowledge of the matter said. …
December 14, 2016
A global task force set up to try to prevent market shocks from the warming of the planet will ask companies to disclose how they manage risks to their business from climate change and greenhouse gas emission cuts. Although the …
August 4, 2016
Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the U.K.’s second-largest insurer, posted a 13 percent …
July 20, 2016
As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a profit from motor insurance due to intense competition and …