Insurer Aviva has admitted there will be no quick-fix to its problems after profits declined 10% and it warned of more challenging conditions this year.

The former boss of pharmaceuticals giant AstraZeneca has waived his entitlement to a 2012 annual bonus and has been denied performance-related share awards for the last two years, it emerged today.

Embattled insurance giant Aviva unveiled a major sell-off plan today as part of a broader turnaround in the wake of the resignation of its chief executive Andrew Moss.

Embattled insurance giant Aviva is this week expected to announce proposals to shut or sell a raft of divisions as part of a major turnaround plan.

Embattled Trinity Mirror chief executive Sly Bailey has left the newspaper group after her departure was brought forward by six months.

The performance that prompted Aviva shareholders to oust chief executive Andrew Moss was laid bare in figures today.

Unite’s Brian Gallagher was handed a poisoned chalice when negotiating job cuts with Aviva, but the union official scored a victory by cutting the number of redundancies and securing 220 jobs for Galway, writes Kyran Fitzgerald

Andrew Moss has stepped down as chief executive of insurance and pensions giant Aviva — just days after shareholders revolted against executive pay levels at the group.

Fears that Greece will crash out of the euro triggered a global sell-off that left London’s leading shares index at its lowest close of 2012.

The boss of Aviva, the UK’s largest insurer, is to step down with immediate effect, the company said today, as shareholder anger claimed the scalp of another City executive.

Aviva has reportedly come under pressure from two major shareholders to replace chief executive Andrew Moss following a massive protest vote against executive pay.

The boss of insurer Aviva bowed to shareholder pressure today and waived a near-5% pay rise which would have taken his annual salary over the £1m (€1.2m) mark.

Ireland was the only territory in which British insurance giant Aviva failed to meet investment return targets last year.

Car insurer and pensions giant Aviva said 2011 profits were up 6% to £2.1bn today after it boosted its share of the UK market.

THE Aviva job losses are a “stark reminder” of the need to make Ireland more competitive and reduce the cost base, the Taoiseach said.

Insurance giant Aviva today announced that former Australian banking boss John McFarlane will become its chairman from next June.

Insurance giant Aviva is considering the sale of the RAC breakdown business it acquired for £1.2bn (€1.4bn) in the UK six years ago, it was reported today.

'Hollyoaks' is to use a real-life public jury to decide the outcome of Gilly Roach's rape trial.

AVIVA Ireland said it is satisfied with the rate at which premiums are set and said it is not concerned with cost-cutting measures.

INSURANCE firm, Aviva faced claims of just over €90 million as a result of recent flood and storm damage in Ireland.

The chief executive of the UK’s biggest insurer faced embarrassment today as details of his affair with a member of staff emerged.

'Hollyoaks' star Andrew Moss admits he was too scared to meet Lily Allen.

INTERNATIONAL insurance giant Aviva made a return to profit in the first half of this year, but its Irish operations saw a 47% year-on-year drop in sales for the six-month period.

Insurance giant Aviva today said it had agreed to sell its Australian life and wealth management businesses in a deal worth around €530m.

International insurance group Aviva has announced that Philip Scott will step down as executive director and chief financial officer at the end of the year, after a career spanning 36 years with the group.

Insurer Aviva today reported a 10% rise in operating profits and said it would maintain its dividend despite a “tumultuous year” for the industry.

Insurance giant Aviva today moved to reassure over its financial strength in “unprecedented times” as it reported a 12% rise in nine-month life and pensions sales.

A mixed bag of corporate results failed to prevent the London market from following New York into positive territory today.

The Norwich Union brand name is to be ditched after more than 200 years, its parent group said today, in a move which will also see Irish insurer Hibernian rebranded.

Norwich Union parent Aviva today reported falling first quarter sales in its UK division, but said stronger growth in the United States and Asia-Pacific regions helped offset the tough domestic market.

Hibernian owner Aviva today revealed a 21% jump in worldwide sales from its life and pensions businesses.

The UK boss of Norwich Union insurer Aviva quit the business today.

The driving force behind the creation of Norwich Union insurer Aviva today revealed he planned to leave the FTSE 100 Index company in the summer.

Aviva plc has announced the appointment of Diane Côté as group audit director.

Aviva plc has announced its intention to issue Innovative Tier One hybrid debt of around £750m (€1.1m), which will be used to repay existing senior debt, leaving overall debt levels unchanged.

One of three men accused of attempting to murder a 14-year-old boy also faced charges of threatening two female witnesses, a court in Northern Ireland heard today.

Life and pensions company Aviva has confirmed that 46-year-old Andrew Moss will take up his new position as group finance director on May 10, 2004.