L&G and Aviva on notice as funded reinsurance scrutiny escalates
UK life insurers including Legal & General Group PLC (LSE:LGEN) and Aviva plc are facing heightened scrutiny from the Prudential Regulatory Authority over their use of funded reinsurance (Funded Re) deals. The PRA worries that the current growth in Funded Re transactions by UK life insurers could cause a build-up of risk in the sector which could ultimately affect policyholders.
Aviva fund managers express preference for equities over bonds
Disinflation and political risk are the two key themes driving market movements, according to the latest quarterly update from Aviva Investors. "We expect the next 12 months to be somewhat of a tug-of-war for markets, as the disinflation process slows, while political risks rise," says Michael Grady, head of investment strategy and chief economist at the asset manager.
Aviva takes 7.7% stake in 'Melrose Mark II' Rosebank
Aviva PLC (LSE:AV.) has confirmed it is one of the cornerstone backers of Rosebank Industries, the new investment vehicle of six former Melrose executives.
Aviva top of the pile for US bank Jefferies
Aviva PLC (LSE:AV.) has received an upgrade from analysts at US bank Jefferies, which reckon the insurer is the best of the bunch currently.
Aviva shares shift higher as it completes share buyback
Aviva PLC (LSE:AV.) shares lifted close to 1% after it announced it completed its £300 million buyback programme.
Aviva sees fake insurance claims jump 39% led by motor frauds
Fraudulent claims for injuries caused by motor accidents jumped by 39% last year, a new Saturday by insurer Aviva found. Almost two-thirds of detected fraud cases related to car accidents, said the FTSE 100 group, with motor claims alone totting up to £23 million.
Aviva warns about growing threat of floods in summer
Insurer Aviva has warned households that Britain is now at risk of major floods at any time during the year adding that floods during the summer now account for 35% of all claims. July and August each accounted for 12% of all property flood claims received in teh past two years, putting the months joint second behind December, which accounted for 17%, said the insurer.
Aviva first quarter 'reassuring', say analysts
Aviva PLC's (LSE:AV.) first-quarter results were broadly in line with expectations, analysts said, though some metrics were higher than expected.
Aviva keeps outlook unchanged after making solid start
Aviva PLC (LSE:AV.) has reported a strong start to 2024 and kept its full-year outlook unchanged.
Aviva keeps outlook unchanged after making solid start
Aviva PLC (LSE:AV.) has reported a strong start to 2024 and kept its full-year outlook unchanged.
Aviva to fire on all cylinders in next weeks update
Aviva is expected to fire on all cylinders when it publishes its first quarter update next week. Berenberg says there are strong tailwinds for the insurance giant with margins improving after the re-pricing of UK motor insurance and another hike in UK household premiums.
