Aviva News

Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva

The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new board members. They are: Yuansiong Lee, co-CEO, Ping An Insurance Co. of China; Charles F. Lowrey, CEO, Prudential Financial; Jianmin …

Storah to Succeed Holmes as CEO of Aviva Canada

Aviva Canada announced the appointment of Jason Storah as chief executive officer, succeeding Colm Holmes who moves into the role of CEO of General Insurance in London. Storah has more than 15 years of experience with Aviva Canada, joining the …

UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul

Aviva Plc’s new chief executive officer, Maurice Tulloch, kicked off his overhaul of the company with a plan to cut costs and jobs and streamline its U.K. business. Tulloch, who took over in March, said he would reduce Aviva’s expenses …

Management Shake-Up at UK’s Aviva Continues as CFO Stoddard Steps Down

Aviva’s chief financial officer Tom Stoddard will step down at the end of the month, the British insurer said on Wednesday, the second senior executive to leave following the appointment of Maurice Tulloch as chief executive this year. Jason Windsor, …

Aviva’s CEO Needs Time for Success, but Investors Won’t Have Much Patience: Opinion

After searching far and wide for a new CEO for the past five months, Aviva Plc is sticking with a familiar face: on Monday, it named a 26-year company veteran as its new boss. More of the same may be …

UK’s Aviva Names Company Veteran, Tulloch, as CEO – After 5-Month Search

After a five-month search for a new chief executive officer, UK’s Aviva plc has promoted a company veteran, Maurice Tulloch, to the position, effective immediately. Tulloch joined Aviva in 1992 and was most recently chief executive officer International Insurance (January …

Aviva Gets Court Approval to Move Assets to Ireland as Part of Wider Brexit Wave

England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired on Brexit. The move, timed for …

UK Insurer Aviva Prepares for ‘Hard Brexit’ by Transferring Assets from UK

Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was “intensifying” as it joined other insurers and banks triggering contingency plans. Aviva asked Judge Richard Snowden …

Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers

Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and Prudential. The International Association of …

Shareholders Begin to Derail UK CEOs’ Gravy Train: Opinion

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 …