Latest News – Page 1119
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All eyes on Direct Line
RBS’s decision to stick with an IPO rather than opt for a private equity sale has put its insurance arm back into the spotlight
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RiIG posts £697k H1 loss as mild weather halves turnover
Claims management firm expects contract wins in second half
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Activists urge four Aviva directors to step down
Norwich Union Policyholders’ Action Group says four non-execs should leave
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Direct Line to float as RBS pulls plug on PE sale talks
Reports say flotation process to begin ‘in a matter of weeks’
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Aviva consulting 20% of UK GI staff on job cuts
Insurer insists no business area will be disproportionately affected by UK-wide job cuts
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Aviva under fire for planned job cuts
Unite has labelled Aviva’s planned 800 job cuts “appalling”, but the union could stir up more trouble than a scathing press release
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MMA bolsters commercial motor unit with QBE hire
Insurer hires Gary Clayton and promotes Paul Atkinson
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AIG asset sale nets US taxpayers $17.7bn
Federal Reserve completes sale of insurer assets acquired as part of its bailout
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Aviva may slash up to 800 UK jobs in cost-cutting drive
Cuts to fall in both life and GI businesses
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Ecclesiastical to put up rates following £14.4m loss
Insurer posts UK flood losses of up to £5m in H1 2012
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Is IAG UK sale imminent ?
Sale of Equity moves closer after IAG writes £197m off its UK arm
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Weather claims fail to dampen Co-op turnaround
H1 weather losses were in ‘single digit millions’, says GI boss Neave
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Fraudulent iPhone claims rise 100 fold
Fraud Index reveals laptops are most fraudulently claimed item
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JLT knocks two-year solicitors' PI deals
Signing long deals now is “foolhardy”, says JLT partner