Aviva
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Patrick Waters joins from CNA Hardy as underwriting manager for financial institutions.
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Jane Poole’s career includes stints at RSA and PwC.
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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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The breakdown of discussions that had been expected to yield a deal leave the ownership of Ash Bathia’s Lloyd’s business in question.
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The carrier has also made Tracy Garrad CEO of Aviva Canada.
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Staffing upheaval continues in the marine class of business, as companies battle to hire and retain talent.
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The carrier’s GI unit reported a combined ratio of 94.8% for the first six months of the year.
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Aviva has seen a number of staff exits from its D&O team, with senior personnel leaving to launch a book at Westfield Specialty.
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New accounting standards impact the timing of when profit emerges on a contract.
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The two firms held serious talks last year but were unable to get a deal to the line due to a valuation mismatch.
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A small number of GCS staff have been dismissed from the business as a result of the investigation.
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The carrier has made several new hires to compliment the new structure.
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It emerged earlier this month that Westfield Specialty was launching a D&O book through Syndicate 1200.
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Previous marine chief Nick Holding resigned from the carrier earlier this year.
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The carrier’s combined ratio for commercial lines in Canada, Ireland and the UK strengthened slightly to 95.4%.
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The move is the latest in a series of several personnel exits from Aviva’s commercial lines operations.
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Marc Lewis has worked as CUO of commercial lines at Aviva for the past two years.
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The trade body is in crisis following a string of misconduct allegations, including alleged rape.
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Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
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Plus the latest executive moves and all the top news of the week.
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Aviva has said it is committed to the Net-Zero Insurance Alliance, in the wake of withdrawals from the group by Zurich, Munich Re and Hannover Re.
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Aviva said he left the marine book in “fantastic shape” and it will appoint a successor in due course.
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Aviva said the operating profit can be attributed to strong performance in the carrier’s UK and Ireland life business.
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Barry Marren, who leads Arcadian’s property team, will focus on acquiring worldwide industrial and commercial property business.
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Caspar Stops will be responsible for growing Aviva’s cyber proposition and building relationships with London Market brokers.