Aviva has launched MultiCar, a motor policy aimed at families with a collection of drivers and vehicles. Husbands, wives, common-law partners and any relative living under the same roof can insure up to five cars or vans per household. Students who live away from home during term time qualify too, and Aviva MultiCar will also [...]
Aviva has completed a £150 million pension buy-in with the Trustee Board of the Meat and Livestock Commission Pension Scheme. The agreement involves Aviva making payments to the scheme equivalent to pensions for over 900 pensioner and dependant members of the scheme, under a bulk-annuity deal. Towers Watson, which advised the Trustee Board, explains: “Under [...]
Top savings advice from today’s retirees to the younger generation is to spend less on expensive life events such as weddings, according to research from Aviva. The budget wedding needs to be followed by few children, if financial security in retirement is to be achieved, with other savings advice from beyond retirement including: Shopping around [...]
Aviva has appointed Martin Banks to the newly-created role of global relationships director, with immediate effect. Mr Banks is based in London and reports directly to UK strategic partnerships director, Ant Middle. He is responsible for strengthening relationships with key strategic partners, with the brief covering both partners that distribute Aviva’s products and firms that [...]
Aviva’s “You are the Big Picture” campaign has returned, following last year’s Autumn launch. This year’s campaign gives people around the world the chance to have a “moment of recognition” in the form of a photo and personal message projected onto London’s National Theatre. In addition, each person who uploads a photo and message via [...]
Aviva has launched “Quote me happy” a new motor insurance brand for those who prefer to deal with their car insurance online. With research showing that 75% of people now shop for car insurance on price comparison sites, the insurer says it is responding to changing customer buying habits in a move that should also [...]
Victor Millwell is set for expansion after being selected by Aviva as preferred provider of its motorhome insurance through the Aviva Direct distribution channel. The agreement allows Victor Millwell to offer its award-winning insurance to customers of Aviva Direct who are seeking new or renewal quotes. “This is a big step forward for us,” said [...]
Aviva has announced that it is selling Aviva Investors Australia Ltd (AIAL) to nabInvest, National Australia Bank’s direct asset management business. The move is consistent with Aviva Investors’ strategy of focusing growth on its Asian regional hub in Singapore, and on 12 priority markets. Aviva Investors’ clients range from large corporate and institutional investors including [...]
Fewer financial advisers are planning to leave the industry than at any time over the last two-and-a-half years, according to the latest intermediary research from Aviva. Despite forthcoming market changes including the Retail Distribution Review (RDR) and capital adequacy, only 7% of advisers expect to shut up shop, compared to 10% in December 2010 and [...]
Aviva Europe has appointed Doug Brown as chief risk officer. Moving from senior vice-president and global head of bancassurance at MetLife, Mr Brown will report to Aviva Europe chief executive, Igal Mayer, and join the division’s executive committee. Mr Brown began his career at Great-West Life, joining MetLife in 2004 having previously held senior roles [...]
Aviva’s underwriting academy has marked its tenth year by achieving the Chartered Insurance Institute (CII) Prior Learning Accreditation, in six commercial programmes. The award means that when Aviva underwriters pass their evaluation for any of the six accredited programmes, they gain CII prior learning credits at diploma or advanced diploma level. The insurer’s head of [...]
Aviva has revamped “People and Places”, its group personal accident (GPA), sickness and business travel policy, as it looks to grow business in this area. New extensions including closure of airspace, kidnap and ransom cover, nuclear, chemical and biological cover, war cover outside the policyholder’s country of domicile, cover for rehabilitation expenses, search and rescue, [...]
Aviva has agreed to sell RAC to Carlyle Group. The UK’s second-largest roadside assistance provider will change hands for £1 billion and the transaction should be completed by the end of the year. Carlyle Group, which is described as a global alternative asset manager, says it will be “fully supportive” of the RAC management team [...]
Aviva has appointed Saskia Goedhart as chief risk officer for North America. Joining from Munich Re Life, North America, where she established the firm’s enterprise risk management function, Ms Goedhart will lead Aviva’s risk management strategy in the region, including the implementation of the group’s risk management transformation plan. Prior to Munich Re, she worked [...]
The financial crisis has resulted in more people rethinking their retirement plans, Aviva reports. In a survey of over 300 pension advisers, the insurer found that 61% of clients questioned are more likely to ask for advice than in 2006, while 22% reported greater levels of trust in advisers than before the financial crisis. Seventy [...]
Aviva has appointed Philippe Maso y Guell Rivet as chief executive officer of Aviva France and underwriting, pricing and product director for Aviva Europe. Having begun his career with Mazars and also worked for UAP Group, Mr Maso y Guell Rivet’s previous senior roles include chief executive officer of AXA Insurance UK and finance director [...]
Aviva has formally announced the appointment of John McFarlane as chairman, taking over from Lord Sharman of Redlynch at the end of June 2012. In the meantime, Mr McFarlane will become a non-executive director of the group in September of this year and take up the role of deputy chairman at the beginning of next. [...]
The number of fleet vehicles being driven with illegal faults (such as defective lights and tyres) has more than doubled in a year, according to estimates from RAC. The Aviva subsidiary points out that aside from breaking the law regarding vehicle roadworthiness, negligence over faults increases the risk of companies being charged with corporate manslaughter. [...]
New research from RAC Home Insurance, part of the Aviva group, suggests that almost a quarter of homeowners automatically renew their home insurance with their existing provider, rather than shopping around to find a better deal. Some homeowners could therefore be paying 224% over the odds for cover, based on the difference between the lowest [...]
Aviva has appointed Trevor Matthews as its UK chief executive officer, replacing Mark Hodges who has today resigned to join Towergate Insurance, as group chief executive. Mr Matthews is currently vice chairman of Friends Life and was previously chief executive officer of Friends Provident Holdings. Amongst other senior positions, he was also chief executive of [...]
