Aviva
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The carrier announced a £300mn share-buyback programme.
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Aviva will need to manage the talent base deftly to get the most from the deal.
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Lloyd’s is now an attractive environment for entrepreneurs, the CEO said.
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The carrier has been looking to enter the Lloyd’s market since 2021.
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The carrier has also hired Craig Bedford as specie underwriting manager.
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The group has been exploring options to enter the market since 2021.
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It emerged in November that the carrier’s construction head Daniel Abramson was leaving the business.
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The carrier also signed down some Lloyd’s players due to differential pricing.
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Amanda Blanc was granted the title for services to business, gender equality and net zero.
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Speaking to a Treasury committee, Blanc said she was “inundated” with messages detailing “incredibly sad” stories from women in the insurance industry.
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Clive Bolton, CEO of M&G Life Insurance and Tara Foley, CEO of Axa UK and Ireland were also appointed to the board.
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Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.
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Abramson was hired to head up the construction team at Aviva in July amid a restructuring of its commercial lines business.
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The carrier has made numerous hires across its marine team as part of an international insurance buildout.
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Aviva Global Corporate and Specialty grew gross written premium by 9% over the period.
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Marc Wanless has been with Aviva since 2010 and stepped into his new role on an interim basis in July.
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The carrier has been in hiring mode in recent months after staff exits earlier this year.
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Samantha Shean has been named head of FI, while Duncan Goddard and Kate Albert have joined as a senior financial lines underwriter and PI underwriting manager, respectively.
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Shares have slid back since a mid-morning peak of around 10% above the prior close.
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The carrier launched its offshore wind proposition at the beginning of the year.
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The ratings agency said the rating reflected the “strategic importance” of the subsidiary to the group.
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The carrier is rebuilding its financial lines team following a number of staff exits from the division.
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At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
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The exit is part of a strategy to simplify the company's geographic footprint following the international disposal programme completed in 2021.
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