With a multi-millionaire father who reinvented insurance with meerkats and comparethemarket.com, Adam Winslow is seen as royalty in the sector. Little wonder that there has been much talk about him taking a top job in the industry.His big move came in August, when he quit a key role running Aviva’s general insurance business — perhaps stepping stone one day to the top job at the FTSE 100 insurer — Winslow, 44, signed up to become chief executive of Aviva’s smaller, loss-making and…
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Category: Aviva Life Insurance
FTSE 100 movers: Persimmon boosted by upgrade; Aviva gains
London’s FTSE 100 was 0.2% higher at 7,472.95 in afternoon trade on Friday.
Persimmon got a boost after Morgan Stanley double-upgraded shares of the housebuilder to ‘overweight’ from ‘underweight’ and hiked the price target to 1,685p from 1,131p.
It noted that Persimmon’s niche is affordable homes on a UK-wide basis, and its underweight thesis was partly based on rising affordability risks.
“As mortgage rates fall,…
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If I’d invested £1,000 in Aviva shares a year ago, here’s what I’d have now
Image source: Getty ImagesAviva (LSE:AV) shares are popular with dividend investors. The insurance company has a strong dividend yield — 7.2% — and payments are supported by strong cash flows.However, if I’d invested in Aviva shares a year ago, I’d be down 2.4%. That’s despite the company surging over the past three months.So, a £1,000 investment would be worth £976 today. Thankfully I’d have received something in the region of £70 in the form of dividend payments.What’s…
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Source: https://uk.finance.yahoo.com/news/d-invested-1-000-aviva-061000682.html
Aviva completes £140m bulk annuity deal with Guilbert UK Retirement Benefits Plan
Aviva has announced the completion of a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan.
Aviva has insured the Plan liabilities for around 1,500 members, removing the investment and longevity risk of these members from the Plan.
The firm said that Members will see no change in the benefits they receive as a result of the transaction, which is sponsored by Office Depot UK Pension Sponsor Limited.
Aviva explained…
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One in thirteen new homes built in flood zone
Analysis reveals one in thirteen (8%) – equivalent to almost 110,000 – new homes in last decade built in flood zone1. Crucially, homes built post-2008 are not covered by reinsurance scheme, Flood Re. Research reveals three in five (59%)2 new build residents think their home is at risk from flooding. Half (50%) new build residents believe climate change will impact their home in the next year, rising to 71% in the next ten years. A fifth (19%) are concerned the location of…
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Source: https://www.aviva.com/newsroom/news-releases/2024/01/one-in-thirteen-new-homes-built-in-flood-zone/
Buildings Insurance Market Is Booming Worldwide : Aviva, Nippon
Advance Market Analytics published a new research publication on “Global Buildings Insurance Market Insights, to 2030” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Buildings Insurance market was mainly driven by the increasing R&D spending across the world.Get…
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Source: https://www.openpr.com/amp/3351847/buildings-insurance-market-is-booming-worldwide-aviva-nippon
Could this 7%+ yield keep growing? Here’s my 2024 Aviva dividend forecast
Image source: Aviva plcInsurance is all about trying to prepare for the unknowable. Insurer Aviva (LSE: AV) already has a juicy 7.4% dividend yield. But, like any company, its shareholder payout is never guaranteed to continue at the current level. Looking at the Aviva dividend forecast, might the share make my 2024 shopping list?Aiming to keep goingAlthough dividends are never guaranteed, that does not mean businesses do not work hard to try and achieve a certain goal.In the case of Aviva,…
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Source: https://uk.finance.yahoo.com/news/could-7-yield-keep-growing-094100605.html
Aviva issues warning about unsafe charging habits
…after insurer sees a surge in claims for lithium-ion battery fires. Aviva data shows a 7%i increase in customer claims for fires started by lithium-ion batteries. 1 in 9ii Brits have suffered a fire or explosion in their home due to a lithium-ion battery or device. Despite this, 41% of people don’t know what a lithium-ion battery is. 42% are not aware of the fire risks associated with charging them. More than 7 in 10 adults don’t know the warning signs of a…
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Aviva completes acquisition of Optiom
WEBWIRE – Monday, January 8, 2024
Aviva plc (Aviva) announced that its Canadian business has completed the acquisition of Optiom O2 Holdings Inc (Optiom) for consideration of c.£100m1 (c.CAD$170m).
The acquisition supports Avivas capital-light growth in the attractive Canadian market and strengthens Aviva Canadas specialty lines business and distribution capabilities.
The acquisition of Optiom was announced on 27 November…
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