The capital regime for the insurance industry needs “fundamental” review, a committee of MPs has been told. Legal & General and Prudential both appeared before the Treasury Select Committee yesterday (25 January) to criticise the Solvency II regime. The cross-European regime came into effect a year ago and sets out how much capital insurance companies […]
Italian insurer Generali loses another senior executive – CFO Alberto Minali
Generali, the Italian insurer facing a fight for its independence, has lost another one of its most senior executives. The company said on Wednesday that Alberto Minali, the chief financial officer, would leave next week. Last month Generali announced the departure of Nikhil Srinivasan, its chief investment officer. Generali is the target of takeover interest from Intesa Sanpaolo, […]
Do you have the best job in the UK? Finance managers rejoice
Finance managers, prepare to do a lap of honour around the office (if you really want your colleagues to hate you). For Glassdoor has crowned yours the best job for 2017, followed by tax managers and design managers. Now the rankings are totted up by assessing jobs that are in demand, pay well and funnily […]
Aviva ties up with LinkedIn to hunt for £400M in lost pension pots
Aviva is in talks with LinkedIn about a partnership that could help millions of savers to locate forgotten pension pots. Chris Wei, global chairman of Aviva UK digital, said that in 2017 “we’d like to partner with LinkedIn to create a scheme which could be called the UK’s biggest treasure hunt”. The British insurer is […]
Can IBM Watson really increase productivity by 30%? This Japanese insurer thinks so
Science fiction has long imagined a future in which humans are ousted from their jobs by machines. For 34 staff at a Japanese insurance firm, that vision just became a reality. Fukoku Mutual Life Insurance is laying off the employees and replacing them with an artificial intelligence (AI) system that can calculate insurance payouts. The […]
HOW TO GET YOUR CV IN SHAPE FOR 2017!
It’s time to update your CV and reflect on your ambitions for the year ahead! This useful guide will help you navigate the maze of advice out there and as Richard Branson says, KISS! Keep It Simple Stupid! Assess the job market – Before you start working on your CV, find out what the demands are in the job market. Industry […]
Aviva becomes first UK insurer to develop skill for Amazon Echo
“Alexa, what’s an annuity?” Now your Amazon Echo can tell you the answer to burning questions about insurance and guide you through the unfamiliar jargon of the industry. The Insurance giant Aviva has developed a so-called skill (like an app for smartphones) for the voice activated speaker which proved a big hit for Amazon over Christmas. The firm spent […]
Lloyd’s of London, Inga Beale awarded damehood in New Year’s Honours
Lloyd’s of London boss Inga Beale has been awarded a damehood as part of the Queen’s New Year’s Honours list. Beale, who was appointed chief executive of Lloyd’s of London in January 2014 and is a vocal LGBT rights campaigner, was awarded her damehood for services to the economy. She was included in City A.M.’s Power […]
Aegon has completed the acquisition of investment platform Cofunds from L&G
Legal & General’s (L&G) sale of the Cofunds platform to Aegon has officially completed, and more details of Aegon’s plans for the platform have been revealed. Aegon bought Cofunds from L&G for £140 million in August. The deal makes Aegon the largest advised platform provider in the UK. Aegon chief executive Adrian Grace (pictured), said: ‘Today marks […]
KEEP UP WITH THOSE MILLENNIAL’S AND USE THIS GUIDE TO GET YOUR CV IN SHAPE FOR 2017!
As those New Year resolutions near, why not update your CV and reflect on your ambitions for the year ahead! This useful guide will help you navigate the maze of advice out there in time for your New Year party and as Richard Branson says, KISS! Keep It Simple Stupid! Assess the job market – Before you start working on […]