Insurer

Tulloch making his mark

John Betteridge, the former chief investment officer of Prudential's UK insurance division, has joined Rowan Dartington to head its asset allocation team.

Aviva UK has reported a 21% drop in the value of new life business it wrote in the first half of the year, mainly due to a steep fall in annuity business.

Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.

Simplybiz has bought back Standard Life's 10% share in the group for an undisclosed sum.

Friends Life has confirmed 150 jobs are under threat of redundancy as part of an ongoing company restructure and cost-cutting plan.

Standard Life has confirmed it is to cut 139 jobs from across its business

Aviva has appointed Mark Wilson as its next chief executive.

Operating profits at Aviva Investors have tumbled 9% ahead of a planned scale back in distribution to retail investors.

Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.