Financial Ratings – Page 116
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NewsShareholders approve Aviva’s Friends Life acquisition
Transaction expected to complete on 13 April
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Online onlyMPs slam FCA over insurance blunder
Report criticises FCA for causing stock market mayhem
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Online onlyAviva shareholder questions £5.6bn Friends Life deal
Philip Meadowcroft is expected to say the deal is based on ‘flimsy foundations’
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Online onlyMoneysupermarket founder scraps £100m share sale
Simon Nixon still owns 16.6% stake in the aggregator
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NewsAdmiral’s Henry Engelhardt gets 1.5% pay rise
Company unveils changes to its share incentive scheme
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NewsAA broking division’s trading profit drops 6% as revenue falls
Trading EBITDA followed decline in revenue driven by fall in policy numbers
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NewsAA plans £935m refinancing and new insurance underwriter
New money to pay down debt inherited under previous private equity owners
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NewsEcclesiastical UK posts flat underwriting profit at £9.8m amid improved COR
But group returns to underwriting profit of £9.2m from an £8.2m loss – the best for five years.
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NewsERS puts 380 jobs at redundancy risk as it closes Brentwood HQ
Chief executive Ian Parker insists move is not about cost-cutting as group headcount will grow by 28
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NewsBerkeley pre-tax profits fall 77.5% amid refinancing and acquisition costs
But broker expects to see profit levels rise significantly in 2015 driven by growth in construction sector
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NewsJLT chief Dominic Burke’s pay drops 22% in 2014
But chief executive in line for 5% base salary increase in 2015
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Online onlyDLG's Geddes takes home £4.6m as earnings shoot up 84%
Chief executive benefited from a £2.7m pay out under the insurer’s long-term investment plan
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NewsLarge claims and Solvency II force Gibraltar insurer to close doors
Chairman tells Insurance Times insurer considered MGA conversion and sale but decided to shut
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NewsBiba launches new service to help members access funding
Biba has partnered with Integritas to advise members on how to secure the right financial package for their businessBiba has launched a new funding facility with finance brokers Integritas to help members get access to funding. Integritas will advise Biba members on how to secure the right financial package ...
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NewsRSA’s Stephen Hester paid £2.1m in first year
Chief executive missed out on bigger bonus because of RSA’s financial performance
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NewsStephen Catlin gets 43% pay rise after ‘superior performance’
Lloyd’s insurer’s finance chief Benjamin Meuli also rewarded with 45% rise
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Online onlyQBE consolidates its grip as largest player in solicitors' PI market
Endurance Worldwide is the biggest new entrant
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NewsAXA’s Amanda Blanc targeting 95% COR for her division
Insurer unveils new five-year plan for its Commercial Lines and Personal Intermediary unit
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