Aviva Plc rallied to its highest in more than five years after profit beat analysts’ estimates and Chief Executive Officer Mark Wilson said he planned to restore bonuses at the U.K.’s second-biggest insurer by market value.
Aviva Plc Chief Executive Officer Andrew Moss said he’s comfortable with the insurer’s holding of 1.4 billion pounds ($2.4 billion) of bonds sold by European governments affected by the sovereign debt crisis.
Aviva Plc’s former chief executive officer Andrew Moss lobbied board members for a 9.5 percent pay increase just weeks before his resignation, the Sunday Telegraph reported, without saying where it obtained the information.
Three months after taking the helm of Aviva Plc in July 2007, Chief Executive Officer Andrew Moss unveiled his “One Aviva Twice the Value” strategy. Since then the shares have dropped by almost half, prompting investors to consider the merits of a breakup.