Aviva
Insiders voice concern at Aviva's long-term growth prospects amid cuts
Aviva's confirmation that hundreds of roles at "middle management or below" are at risk of redundancy has raised concerns that its long-term cost-cutting strategy comes at the expense of a focus on organic growth.
Editor's comment: Communication calamity
Aviva's evasiveness over revealing redundancy numbers attached to its well-publicised £400m cost-saving mission - coupled with the consequences of later admitting this to be as high as 800 (not counting the one in four directors who have already left) -…
Aviva action group calls for directors to resign
A group of Aviva policyholder activists and shareholders have called for four more directors to step down from the board just months after Andrew Moss, pictured, was forced to resign as chief executive.
Aviva: New jobs at risk "in line" with chairman's strategy
Aviva has claimed the 800 at-risk jobs among “middle management and below” are in line with its chairman’s plan to simplify the business.
Union accuses Aviva of job cuts programme via the back door
Aviva has warned that up to 800 jobs are at risk within its UK business as part of a push to cut costs by new chairman John McFarlane.
Allianz retail boss jumps ship to join First Central as marketing director
First Central bosses have signalled their intention to strengthen the firm’s online offering following the appointment of former Allianz Retail head of direct business Andy James as group marketing director.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Aviva recruits former Bupa fraud boss amid uncertainty over senior jobs
Aviva has appointed Anne Green to the newly created role of head of fraud for underwriting, pricing and product.
Chaucer appoints new cargo class underwriter
Specialist Lloyd’s insurer Chaucer has appointed Geoff Wilkinson, pictured, to cargo class underwriter in the marine division of Chaucer Syndicate 1084.
Aviva Asia acquires stake in Singapore PIAS
Aviva Asia is to acquire a majority stake in the holding company that owns Professional Investment Advisory Services, a financial advisory firm in Singapore.
Aviva loses 'A' rating as S&P downgrades UK group
Standard & Poor's has lowered Aviva PLC’s long-term counterparty credit rating by one notch to 'A-' from 'A', and its long-term counterparty credit and insurer financial strength ratings on all of the group's core operating subsidiaries by one notch to …
Aviva suffers ratings downgrade amid strategic overhaul
Aviva has been hit with a Standards & Poor’s ratings downgrade following concerns about the cost and risks of delivery associated with its strategic plan.
My Best XI: Jo Thoy, Aviva
Aviva head of trading for the Midlands Jo Thoy selects her Best XI for an insurance industry start-up. Thoy has picked a plethora of local broking giants to sit alongside her single non-industry selection, a former England rugby hero.
Credit hire: Paying a hire price
Credit hire is a significant factor in private motor insurance premiums being inflated by £225m a year, but would Competition Commission intervention help or hinder policyholders and the industries involved?
Aviva bullish 'take-two' on telematics will put consumer take-up woes to bed
Aviva has defended its decision to re-enter the private car telematics space, four years after pulling out of a market it helped pioneer only to suffer poor take-up, stressing that consumers are now ready to embrace a less intrusive form of the 'black…
Statement of Principles extension mooted as flood solution sticking plaster
Extending the Statement of Principles may have to be explored as a stopgap if discussions between industry and the government over a long-term flood risk solution rumble on, despite insurers insisting that they will not back down in this way.
Post magazine - 9/16 August 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Aviva backs Pedal Safe cycling insurance
Aviva, Brit and Jubilee have begun jointly underwriting cyclist insurance product Pedal Safe.
QBE Europe teams up with Autoglass
QBE Europe has signed a deal with Autoglass for its core glass services.
QBE teams up with Autoglass for repair and replacement
QBE Europe has appointed Autoglass as preferred supplier for its core glass services.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Aviva returns to telematics with private car smartphone app
Aviva has re-entered the telematics private car market after four years with a new smartphone behavioural driving app which could save motorists up to 20% on their motor insurance.
Salient Solutions founder joins Capita's insurance arm as non-executive director
Capita has appointed Clare Ryder as non-executive director of the partnerships arm in the firm's insurance services business.
Commercial expansion underway at Autonet following product launch
Autonet Insurance has expanded its commercial business product line following the introduction of shops and commercial let insurance.