Aviva Share Discussion Threads

[uppompeii] 12/11/2019 15:26

No idea how these guys are worth what they are paid. When I was at Aviva the board meetings I sat in on basically discussed where to cut next and sod the consequences.

[spud] 12/11/2019 11:36

Senior Aviva exec quits days after old boss snares Phoenix top job
Briggs lieutenant Andy Curran resigns as corporate MD based in Glasgow

By Perry Gourley
10:18, 12 NOV 2019UPDATED10:23, 12 NOV 2019
NEWS


A senior Scottish executive at Aviva has resigned less than a week after former boss Andy Briggs took the helm at assurance group Phoenix, Business Insider can reveal.

The move by Andy Curran, Glasgow-based UK corporate managing director, has prompted speculation that Briggs could give him a major role when he takes the reins early next year.

Curran, who worked with Prudential before taking up his current role with Aviva, saw his role expand significantly during Briggs’ tenure as chief executive of UK Insurance for Aviva.

In 2017, Curran was appointed to head the corporate team, covering include large companies, SMEs and their advisers, across life, general insurance and health.

Last week Briggs, former chief executive of UK Insurance for Aviva, was named as the replacement for Clive Bannister, the man who led Phoenix Group’s £2.9 billion purchase of Standard Life Assurance last year, who is stepping down.

Briggs, who is also a former managing director of Scottish Widows, is in line for a salary and bonus package which could be worth more than £4 million a year. He left Aviva after missing out on the top role there.

Bannister will retire on 10 March after nine years with the business. He will be succeeded by Briggs, who will join the business as CEO-designate on 1 January 2020.

Bannister has overseen huge growth at Phoenix, with assets under management rising by 263% to £245bn during his tenure. It employs more than 3,000 staff in Edinburgh and Glasgow.

He was the architect of a series of acquisitions, culminating in the purchase of Standard Life Assurance in 2018.

Bannister said Briggs was the “ideal candidate” to replace him with strong integration and M&A skills and a “proven track record in driving a radical change agenda for major UK insurance businesses”.

Briggs will receive an annual salary of £800,000 and a pension allowance of 12% of salary, He will also benefit from a bonus plan worth up to a maximum of 150% of salary and a long-term incentive plan, with an annual award of 275% of salary.

Aviva chief admits room for improvement after 1% rise in profits

A spokesman for Aviva said: “Andy Curran has decided to leave Aviva. He feels now is a good time for him to pursue other opportunities. In his five years with Aviva he has developed our UK Corporate business into a large and successful component of the Aviva Group. We would like to thank Andy for all his hard work and wish him all the best for the future.”

spud

[yf23_1] 10/11/2019 15:05

As an aside, I decided to check out the advertising settings and I get a huge page with company name, Allow to the left of the switch and the on/off switch set to the left.
So does this mean its set to allow, or if I move the swich to the right does that mean its on and means Allow ?
I would have presumed the default would be set to all on so I'm bemused that the switch seems set at OFF.

[scobak] 08/11/2019 11:08

Tried to redress the balance for you.given you a greeny.

[danielbird193] 07/11/2019 18:55

Think a Brexit deal could see this rise to 500p plus. The softer the deal the sharper the rise.

[tricky1992000] 07/11/2019 16:42

Do you think we will see the 500p we had last year?

[crossing_the_rubicon] 06/11/2019 09:14

@Klotzak,

I find it hilarious.

TBH I'm disappointed when they don't show up as that means they're either red ticking elsewhere or possibly,but highly unlikely, actually doing something productive!!

[klotzak] 05/11/2019 21:10

Lol, and 2 of those inbreeds have found your post now! Good to know that their lives are so shallow!!

[whatsup32] 05/11/2019 20:59

Nice day . Let’s hope it continues for a while

[gilesy] 05/11/2019 10:46

the performance of this ahare over the last 10 years has been very very poor despite repeated changes in management and many fine words
I sold out at 4.29 today as I have lost patience
only reason to hold is the divi yield I guess

[imagining] 05/11/2019 08:40

Fair enough to be circumspect on Brokers recommendations before committing large sums for investing. Here though,they are practically unanimous on a "Strong Buy". I'd prefer to put my faith in them than the guy on the Clapham omnibus.

[klotzak] 05/11/2019 07:34

I'd treat broker recs with a little suspicion. If they were always right we'd all be rich..I can't believe a 'Premium' poster here has even given a thumbs down!

[klotzak] 04/11/2019 21:02

It's each to their own, no price rise will be continuous, they're will be minor retractions here and there.

[danielbird193] 04/11/2019 13:57

Profit-taking makes sense when the valuation is in line with other listed peers (Legal & General being the most germane example). We're a long way from that yet.

[imagining] 04/11/2019 13:29

Long way to go yet according to the vast majority of Brokers!

[leedslad001] 04/11/2019 12:35

Long way to go yet imho

[klotzak] 04/11/2019 11:36

Looks about time for some profit taking.

[whatsup32] 31/10/2019 20:33

Both parties have unpopular leaders so I’m not sure if people will vote on party lines or Brexit lines. If it’s a case that they don’t want Brexit and want another referendum then there is a risk of Labour getting in .
I expect the general market would fall too.

[lord gnome] 31/10/2019 20:20

If Corbyn gets in (highly unlikely) then we are all doomed. The stock market will fall and take Aviva with it. Worse than that however, would be another hung Parliament with no resolution to Brexit. If Boris does get back with a decent majority, and gets Brexit done with the deal, I could envisage a decent bull run. Our market has been oversold for a long time while all this rubbish has played out.

[whatsup32] 31/10/2019 19:56

Any views on how Aviva may be impacted if Corbyn gets into power. If it seems more likely that U.K. will get another referendum if Labour get in then maybe Aviva will go up .
Not getting into politics here , just wanting views how Aviva will be effected by the parties getting in.
Thanks