Aviva

2,000 jobs May be at Stake as Aviva bid for Friends Life

2,000 jobs May be at Stake as Aviva bid for Friends LifeApproximately two thousand insurance jobs may be on the verge of trimming as Aviva tries to soothe uncertainties regarding its bid for Friends Life.

Some analysts called Friday's £5.6 billion deal as a scope for Aviva to raise its dividend; some others remained unconvinced, with a single question in mind, thinking whether this was anything but "a rights issue in disguise".

Aviva Investors in the middle of £100m trading breach

 Aviva Investors in the middle of £100m trading breachAs sources reported, Aviva has set aside almost £100 m after two of its former workers of its fund management arm breached its trading policy.

The insurance giant discovered the ex-employees breached rules between 2006 and 2012. Aviva said customers have been notified and they may receive redress.  Aviva has requested PricewaterhouseCoopers to review parts of the Aviva Investors' division.

Insurance Companies to Pay for Natural Disasters

InsuranceAccording to a new report, strong wind force had meshed most of the parts in UK, causing damage to vehicles, properties and houses.

Rob Townend, claims director at Aviva, said that there are insurance policies for flood, tornadoes, earthquakes and freeze affected persons. The same way there are some standard policies also for those people affected by storms and gales.

Aviva Shares Soar to Double from Last Year

AvivaShares of Aviva were reported to have leaped after the insurer announced it has doubled its pre-tax profit from £309m last year to £605m during the six months ending June 30.

The shares soared to the highest level for two years. Its boss Mark Wilson won a few more friends in the City yesterday showing signals of company's increasing turnaround.

Employers Say Ageing Employees May Let Them Down

AvivaAccording to a recent report, insurance company Aviva’s annual Health of the Workplace data shows that increased longevity and rising financial pressures together have been leading to an increase in the average age in many businesses.

Aviva has confirmed the rejection of RSA bid

Aviva has confirmed the rejection of RSA bidAviva confirmed that it had rejected an offer of 5 billion euros from its rival RSA which was made in the last month for Aviva’s general insurance businesses in the Canada, Ireland and in the UK. Aviva has said the investor value would be best served by retaining the insurance business. This offer was reported to the media on last Friday.

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