Marcus Barnard

Resolution’s Sales Drop as Firms Delay U.K. Pension Enrollment

Resolution Ltd., the insurance buyout firm founded by Clive Cowdery, said first-quarter revenue dropped as corporate clients delayed enrolling into pension plans as new legislation is implemented in the U.K.

Aviva Chief Executive Officer Andrew Moss to Leave

Aviva Plc, the U.K.’s second-biggest insurer, said Andrew Moss quit as chief executive officer after presiding over an almost 60 percent fall in the share price in the last five years. The stock rose.

Aviva Scraps Bonuses, Freezes Pay After Cutting Dividend

Aviva Plc, the U.K.’s second-biggest insurer by market value, will cut directors’ bonuses to zero and freeze pay for 400 top managers after slashing its second-half dividend by 44 percent and posting a loss. The shares plunged.

Prudential US Acquisition

Prudential Plc, the U.K.’s biggest insurer, agreed to buy a life insurance unit from Swiss Re AG for 398 million pounds ($621 million) in cash to expand in the U.S.

Prudential Plc Posts 10% Increase in First-Quarter Sales to $1.46 Billion

Prudential Plc , the U.K.’s biggest insurer by market value, said first-quarter sales rose 10 percent, fuelled by demand for retirement products in the U.S.

Old Mutual Will Pay Down More Debt Than Planned This Year; Stock Advances

Old Mutual Plc, the U.K.’s third- largest insurer by market value, said it will pay down more debt than planned this year as it posted full-year profit that beat analyst estimates.

Prudential Breakup Could Increase Value by 75% Over AIA Deal, Analyst Says

Prudential Plc, the U.K.’s biggest insurer, should consider breaking up rather than buying American International Group Inc.’s main Asia unit for $35.5 billion, analysts and investors say.

Austrian Lending, Greek Debt Swap, Threadneedle: Compliance

Austria’s regulators are discussing rules for its top banks that will curb excessive lending in eastern Europe with the European Commission, according to the Central Bank Governor Ewald Nowotny.

RSA Said to Bid 5 Billion Pounds for Aviva's Assets

RSA Insurance Group Plc, the U.K.’s biggest non-life insurer, made a 5 billion-pound ($7.8 billion) bid for Aviva Plc ’s general insurance business in the U.K., Canada and Ireland, according to two people with knowledge of the situation.

Prudential Starts $21 Billion Rights Offering

Prudential Plc , the U.K.’s biggest insurer, said it plans to double profit in Asia within three years of buying American International Group Inc. ’s AIA Group Ltd., as it began a $21 billion rights offer to fund the deal.

"These results look ghastly."

- Marcus Barnard on Mar 07, 2013

Europe

London

Tidjane Thiam

U.S. Stocks Fall as Data Disappoints Amid Stimulus Bets

House Immigrant Plan Seen as Return to 1940s U.S. Program

NetApp Is Said to Be Pushed by Elliott to Change Board

AMD Rally Needs More Than Console Wins to Outrun PC Market: Tech

When Your $450,000 Aston Martin Has to Arrive Overnight