Scotsman.com - Insurance Feed

Prudential fights off shareholder rebellion on pay

Thu, 16 May 2013 18:55:24 GMT

INSURANCE giant Prudential defused a shareholder rebellion on pay at yesterday’s annual general meeting, but directors had to suffer being accused of corporate greed from the floor.

Standard Life leads protests over divi cut at RSA’s AGM

Wed, 15 May 2013 18:52:11 GMT

STANDARD Life Investments (SLI) led the protests at fellow institutional investor RSA’s annual general meeting (AGM) yesterday as shareholders rebelled over the dividend being slashed by a third and concerns regarding the auditor’s appointment.

Standard Life AGM: Pay deals defended by Grimstone

Tue, 14 May 2013 18:39:36 GMT

STANDARD Life chairman Gerry Grimstone was forced into a robust defence of the company’s pay policy yesterday as shareholders expressed concern at poor returns on some policies.

Royal London lifted by 22% rise in new business

Tue, 14 May 2013 06:14:20 GMT

ROYAL London, the life insurance and pensions company that owns Scottish Life, has posted a 22 per cent rise in new business for the opening three months of the year.

Partnership Assurance Group in £1bn float plans

Mon, 13 May 2013 17:46:42 GMT

PARTNERSHIP Assurance Group, the private-equity backed life insurer, yesterday announced plans to list on the London Stock Exchange in a further sign that the market for flotations is rebounding.

Roger Edwards departs Royal London

Fri, 10 May 2013 15:10:08 GMT

ROGER Edwards, managing director of Royal London’s protection business, is leaving Britain’s biggest mutual life and pensions company, after refusing a position in a new management structure.

Aegon profits hit by industry reforms, say firm

Wed, 08 May 2013 19:36:20 GMT

Pensions firm Aegon UK has blamed sweeping industry reforms for a 20 per cent drop in first-quarter profits, despite enjoying a surge in sales.

Changes to personal injury rules could boost Esure

Wed, 08 May 2013 07:30:45 GMT

INSURANCE group Esure is looking to boost growth in the second half of the year as changes to personal injury legislation allow it to re-enter certain segments of the motor market.

Thiam pledges UK commitment after strong Asia sales

Tue, 07 May 2013 17:54:29 GMT

PRUDENTIAL chief executive Tidjane Thiam has insisted the insurer remains committed to the UK after strong sales in Asia helped deliver a forecast-beating set of quarterly results.

Actuaries warn of ‘London whale’ loss repeat

Sat, 04 May 2013 17:56:18 GMT

FINANCIAL institutions risk repeating the multi-billion pound losses linked to a former trader known as the “London whale” due to human errors with figures, according to a survey by trade magazine Actuarial Post.

Two more Scottish names at risk of being scrapped

Fri, 03 May 2013 18:13:31 GMT

A THIRD Scottish financial services brand in as many days is at risk as life and pensions mutual Royal London considers scrapping the names of both its “Scottish” divisions.

Focus on costs drives up profits at Direct Line

Fri, 03 May 2013 07:30:12 GMT

INSURANCE group Direct Line, which was spun off from Royal Bank of Scotland last year, has vowed to continue driving down its costs after reporting a 33 per cent increase in first-quarter operating profits.

Business news: Sainsbury’s | New Look | Aviva

Sun, 28 Apr 2013 19:37:11 GMT

THE long-standing boss of Sainbury’s has been forced to deny he is quitting amid reports the supermarket has lined up headhunters to seek his replacement.

Aviva to scrap direct sales force as part of cost cuts

Fri, 26 Apr 2013 18:15:48 GMT

INSURANCE group Aviva is to scrap its direct sales force, with the loss of about 120 jobs, as part of a cost-cutting exercise.

Hunt quits Standard Life to head up Prudential UK

Fri, 26 Apr 2013 07:00:12 GMT

JACKIE Hunt has resigned as chief financial officer (CFO) at Standard Life to take up a top role at rival insurance provider Prudential.

Standard Life tops forecasts with jump in new business

Wed, 24 Apr 2013 07:27:15 GMT

BUOYANT stock market conditions and sweeping regulatory changes in the pension industry have helped Standard Life deliver a forecast-beating rise in sales.

Analysts put a price on head of Swip

Fri, 19 Apr 2013 17:46:42 GMT

BROKERS have estimated that Lloyds Banking Group could raise between £800 million and £1 billion on the sale of its fund management arm, Scottish Widows Investment Partnership (Swip).