News

The Co-operative Bank's disgraced former chairman, Paul Flowers, apparently won the job because he beat his rivals' psychometric test scores, MPs on the Treasury Committee have been told.

The businesss on...Mark Tucker, Chief Executive, AIA

So he's back! Think Prudential boss Tidjane Thiam is worried?

If he's not worried, he's in for some trouble. AIA – the business Mr Thiam tried and failed to buy – yesterday made its debut on the Hong Kong Stock Exchange with Mr Tucker as its chairman and chief executive. Hong Kong's biggest float, it couldn't have gone much better with the shares rising sharply in value. Mr Tucker, in other words, has started with a bang.

Business Diary: It's time to buy more gold, fool

The people behind Bloomberg TV are calm, sensible folk, just as you'd expect the management of a cable channel dedicated to finance to be. Still, one of the channel's bookers clearly has a sense of humour – and had a smart idea yesterday for a guest to discuss the ongoing gold price surge.

Former FSA head joins Pru's board

The former chairman of the Financial Services Authority, Sir Howard Davies, has joined the board of Prudential.

Fund managers consider flotation on London market

The London Stock Exchange could be poised for at least two major fund management flotations as insurers consider partial sales of their asset management arms.

Don't short-change your loved ones by choosing the wrong annuity

Some pension options could leave spouses in trouble

AIG kicks off sale of Asian unit

American International Group will hold at least a 30 per cent stake in its Asian life insurance business, AIA Group Ltd, for a year after AIA's listing in Hong Kong next month.

AIA sees $2bn profit before IPO

AIA, the Asian unit of US insurance giant AIG, is likely to return profits of $2bn this year, just months after its proposed takeover by Prudential collapsed.

Couples reveal disturbing lack of knowledge of partners' finances

Nearly a third of people in long-term relationships say they have no idea of their partners' finances, according to a survey from insurer Prudential.

Investment Column: Insurance is where the action is to be found

It has been a lively old time for Britain's insurance industry in the last few months. Prudential was forced to scrap its blockbuster deal to buy the AIA Asian business in June. Clive Cowdery's Resolution buyout vehicle then followed last year's acquisition of Friends Provident with a £2.75bn deal for Axa's UK life business.

David Prosser: The reprieve for Messrs Thiam and McGrath may only be temporary

Outlook Better than expected financial performance, a dividend hike and a reduction in the bill for the aborted purchase of AIG's Asian assets. Surely Prudential's management have done enough to silence those investors who have been calling for their heads since the humiliating failure to seal the AIG deal?

Prudential asks investors to forget AIA debacle after strong first-half results

Prudential yesterday moved to draw a line under its disastrous attempt to buy its Asian rival AIA earlier this year as it revealed forecast-beating first-half profits.

Prudential shareholders expect 5% rise in dividend

Prudential shareholders could pocket a 5 per cent increase in their dividend payout on Thursday when the insurer reports its half-year results.

AIG: the greatest recovery of all time?

Two years after the $180bn bailout of AIG marked the high water mark of the credit crisis, the insurer is clawing its way back, reports Stephen Foley

Mark Tucker set to be named new chief executive of AIA

Mark Tucker is set to be appointed as the new chief executive of AIA, the Asian arm of US insurance giant AIG.

Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Fifa corruption: The 161-page dossier that exposes the organisation's dark heart

The 161-page dossier that exposes Fifa's dark heart

How did a group of corrupt officials turn football’s governing body into what was, in essence, a criminal enterprise? Chris Green and David Connett reveal all
Mediterranean migrant crisis: 'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves,' says Tripoli PM

Exclusive interview with Tripoli PM Khalifa al-Ghweil

'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves'
Raymond Chandler's Los Angeles: How the author foretold the Californian water crisis

Raymond Chandler's Los Angeles

How the author foretold the Californian water crisis
Chinese artist who posted funny image of President Xi Jinping facing five years in prison as authorities crackdown on dissent in the arts

Art attack

Chinese artist who posted funny image of President Xi Jinping facing five years in prison
Marc Jacobs is putting Cher in the limelight as the face of his latest campaign

Cher is the new face of Marc Jacobs

Alexander Fury explains why designers are turning to august stars to front their lines
Parents of six-year-old who beat leukaemia plan to climb Ben Nevis for cancer charity

'I'm climbing Ben Nevis for my daughter'

Karen Attwood's young daughter Yasmin beat cancer. Now her family is about to take on a new challenge - scaling Ben Nevis to help other children
10 best wedding gift ideas

It's that time of year again... 10 best wedding gift ideas

Forget that fancy toaster, we've gone off-list to find memorable gifts that will last a lifetime
Paul Scholes column: With the Premier League over for another year, here are my end of season awards

Paul Scholes column

With the Premier League over for another year, here are my end of season awards
Heysel disaster 30th anniversary: Liverpool have seen too much tragedy to forget fateful day in Belgium

Liverpool have seen too much tragedy to forget Heysel

Thirty years ago, 39 fans waiting to watch a European Cup final died as a result of a fatal cocktail of circumstances. Ian Herbert looks at how a club dealt with this tragedy
Amir Khan vs Chris Algieri: Khan’s audition for Floyd Mayweather may turn into a no-win situation, says Frank Warren

Khan’s audition for Mayweather may turn into a no-win situation

The Bolton fighter could be damned if he dazzles and damned if he doesn’t against Algieri, the man last seen being decked six times by Pacquiao, says Frank Warren
Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

Blundering Blair quits as Middle East peace envoy – only Israel will miss him

For Arabs – and for Britons who lost their loved ones in his shambolic war in Iraq – his appointment was an insult, says Robert Fisk
Fifa corruption arrests: All hail the Feds for riding to football's rescue

Fifa corruption arrests

All hail the Feds for riding to football's rescue, says Ian Herbert
Isis in Syria: The Kurdish enclave still resisting the tyranny of President Assad and militant fighters

The Kurdish enclave still resisting the tyranny of Assad and Isis

In Syrian Kurdish cantons along the Turkish border, the progressive aims of the 2011 uprising are being enacted despite the war. Patrick Cockburn returns to Amuda
How I survived Cambodia's Killing Fields: Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape the US

How I survived Cambodia's Killing Fields

Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape to the US
Stephen Mangan interview: From posh buffoon to pregnant dad, the actor has quite a range

How Stephen Mangan got his range

Posh buffoon, hapless writer, pregnant dad - Mangan is certainly a versatile actor