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Tesco Becomes Latest European Large Cap to Trade on OTC Markets in New York
Globenewswire· 2026-01-05 07:00
Group 1 - OTC Markets Group Inc. announced that Tesco PLC has qualified to trade on its OTCQX® Best Market, providing US investors access to one of the UK's largest grocery retailers [1] - Tesco's listing on OTCQX reflects a trend among established European companies to engage more with US investors, with notable issuers like London Stock Exchange Group and Bayer AG also choosing OTCQX in 2025 [2] - The OTCQX platform is seen as a solution to challenges in European capital markets, such as valuation discounts and reduced domestic liquidity, allowing companies to attract US investors without abandoning local exchanges [3][4] Group 2 - OTC Markets Group operates regulated markets for trading 12,000 US and international securities, with a focus on providing efficient access to US financial markets [5] - The OTCQX Best Market offers a cost-effective way for international companies to reach US investors while maintaining their local market presence [4] - Tesco PLC is a multinational grocery retailer headquartered in the UK, serving millions of customers across various countries [7]
Fishwick hands over BlackRock CRO role, Citi expands Asia FX team, and more
Risk.net· 2025-12-22 04:30
Group 1: BlackRock Leadership Changes - Edward Fishwick is stepping down as BlackRock's chief risk officer and will move to the risk and quantitative analysis group to head research, based in London [1] - Pierre Sarrau will become the new chief risk officer in the new year, currently serving as co-head and chief investment officer for multi-asset strategies and solutions [2] Group 2: Citi's Foreign Exchange Team Expansion - Citi has expanded its foreign exchange team in Japan, Asia North & Australia, and Asia South with seven new hires, including Manoj Goel as head of corporate FX sales for India [3] - Cassalynne Lou joins the Singapore corporate FX sales team from Barclays, while Yusuke Aita and Renee Gao have been appointed as directors in the institutional FX sales team in Tokyo and Hong Kong, respectively [4][5] Group 3: Standard Chartered and Lloyds Banking Group Changes - Andy Ross has left Standard Chartered, where he was global head of prime and financing products, and the bank declined to comment on his replacement [10][11] - Lloyds Banking Group has appointed Peter Fitzgerald as the new chief investment officer, replacing Kevin Doran, who will leave in early 2026 [11][13] Group 4: Prudential Financial and Nomura Appointments - Prudential Financial has appointed Matthew Armas as chief investment officer, effective March 12, succeeding Timothy L. Schmidt [16] - Nomura has transferred leadership of risk methodology from London to Tokyo, appointing Tomomitsu Nakamura as the new global head [7][8] Group 5: HKEX and MUFG Bank Leadership Changes - Graeme Farrell has been appointed as group chief risk officer at HKEX, effective January 12, replacing Richard Wise [19] - MUFG Bank is making changes to its board of directors, with Noaki Hori stepping down as chairman and Yutaka Miyashita taking over [20] Group 6: UBS Executive Board Shuffle - UBS has shuffled its executive board, appointing Beatriz Martin as group chief operating officer, effective January 1 [21] Group 7: AustralianSuper Appointments - AustralianSuper has appointed Bob Debi-Tewari as head of international equity portfolio and Sophie Dupré-Echeverria as head of group risk and compliance, international [24]
Aviva expands policy administration with TCS subsidiary Diligenta
Yahoo Finance· 2025-12-19 10:03
Aviva has increased the scope of its policy administration services contract with Tata Consultancy Services (TCS), bringing the total number of policies managed to more than 6.5 million in the UK. TCS subsidiary Diligenta will administer an additional 1.1 million life insurance policies under this expanded arrangement. This move allows Aviva to apply a consistent customer experience across its portfolio by adopting an enterprise-wide digitisation model that supports new consumer duty principles. These ...
New Strong Sell Stocks for Dec. 18
ZACKS· 2025-12-18 11:31
Group 1 - Aviva plc (AVVIY) is an insurance company with a Zacks Consensus Estimate for its current year earnings revised 8.6% downward over the last 60 days [1] - Climb Global Solutions, Inc. (CLMB) is a value-added IT solutions company with a Zacks Consensus Estimate for its current year earnings revised 7.6% downward over the last 60 days [1] - Cool Company Ltd. (CLCO) operates LNG carriers and has a Zacks Consensus Estimate for its current year earnings revised 6% downward over the last 60 days [2]
X @Bloomberg
Bloomberg· 2025-12-09 10:55
Aviva has kicked off the search for a partner to help fund a planned new skyscraper in the heart of the City of London’s insurance district https://t.co/F0PsuoYXmI ...
Aviva: New 3-Year Plan Underpins Upside And Yield Appeal
Seeking Alpha· 2025-12-01 14:54
Core Insights - The company Aviva has made a strategic acquisition and has released its H1 results, indicating a proactive approach to growth and market positioning [1] Group 1: Strategic Developments - Aviva announced a strategic acquisition, which is expected to enhance its market presence and operational capabilities [1] - The company has engaged two Buy-side hedge professionals to conduct fundamental, income-oriented, long-term analysis across various sectors globally [1]
X @Bloomberg
Bloomberg· 2025-11-21 02:04
RT Bloomberg New Economy (@BBGNewEconomy)"Climate change is existential risk to insurance companies." CEO @avivainvestors Mark Versey on why investing in climate change initiatives is so important.⏯️https://t.co/J5lCJT9OZp https://t.co/8ZMZeDTxms ...
X @Bloomberg
Bloomberg· 2025-11-20 23:14
Mexican fintech Aviva secured a $50 million credit facility from San Francisco-based Community Investment Management as it seeks to expand lending. https://t.co/w6NcEEc5cj ...
Aviva posts 12% surge in general insurance premiums in 9M 2025
Yahoo Finance· 2025-11-14 09:41
Core Insights - Aviva has reported a 12% increase in general insurance premiums to £10 billion for the nine months ending 30 September 2025, compared to £9.1 billion in the same period last year [1] - The company anticipates achieving its financial targets for 2025 one year ahead of schedule, driven by strong performance prior to the Direct Line acquisition [5] General Insurance Performance - General insurance premiums in the UK and Ireland rose by 17% to £6.7 billion, with Personal Lines growing by 24% due to the integration of Direct Line and expanded partnerships [1] - Canadian general insurance premiums increased by 3% on a constant currency basis to £3.3 billion, with Personal Lines advancing by 7% while Commercial Lines fell by 4% due to the exit from underperforming accounts [2] Health and Protection Sales - Protection and Health sales totaled £384 million, down 5% from £403 million last year, primarily due to consolidation following the AIG acquisition [2] - Health in-force premiums increased by 14%, supported by new business and pricing strategies [2] Retirement and Wealth Management - Retirement sales amounted to £5.3 billion, a decrease from £7.3 billion in the previous year [3] - Wealth net flows increased to £8.3 billion from £7.7 billion, representing 6% of opening assets under management, with positive momentum in platform and workplace products [3] Future Outlook - Aviva aims for an operating profit of £2.2 billion for the full year 2025, including an estimated £150 million contribution from Direct Line [3] - The company targets an operating earnings per share compound annual growth rate (CAGR) of 11% from 2025 to 2028, with a forecasted IFRS return on equity of around 17% for 2025 and a target of over 20% by 2028 [4]
Aviva chief warns Reeves against raid on pensions savings
Yahoo Finance· 2025-11-13 18:40
Amanda Blanc, chief executive of Aviva, left, with Rachel Reeves, the Chancellor, at the Guildhall in London last year - Hollie Adams/Bloomberg The chief executive of Aviva has urged Rachel Reeves not to launch a raid on salary sacrifice pension schemes. Amanda Blanc, the boss of the investment and insurance giant, warned Treasury officials to “think carefully” before cutting incentives on the tax breaks offered on workplace pensions, adding that it could discourage workers from saving for their retireme ...