Leonard Kehnscherper

Aviva Plc is on track to achieve its profitability targets for the year despite its exposure to wildfires in the UK and Canada, according to its chief executive officer.

One of the biggest reforms in Germany’s pension system since Chancellor Otto von Bismarck founded it in the late 19th century is about to hand modern fund managers a new empire of cash to deploy.

Standard Life Plc agreed to set up a partnership with a consortium led by CVC Capital Partners Plc and Prudential Financial Inc. in the latest tie-up between an insurer and private capital firms looking to enter the country’s booming pension risk-transfer market.

Swiss money manager Edmond de Rothschild Asset Management promoted Alain Krief to chief investment officer as part of a move to bolster its leadership.

Lloyd’s of London sees losses “arising from Middle East conflict” amounting to about £1.4 billion ($1.9 billion), the insurance marketplace’s first estimate of the US-Iran war’s impact.

The co-chair of corporate broking at Deutsche Bank’s UK investment banking unit Deutsche Numis, Mark Lander, is retiring, according to a person familiar with the matter.

A London-listed fund run by Partners Group Holding AG has laid out plans for a shareholder vote that could lead to a wind-down of the vehicle.

Deutsche Bank AG’s funds unit DWS Group is reverting to its previous name as Deutsche Asset Management, highlighting how the parent’s turnaround over the past years has increased its brand value.

Some private equity firms are likely to face mounting refinancing problems in parts of their software portfolios as higher borrowing costs expose companies that were loaded with debt during the era of cheap money, according to Hg Capital.

Aberdeen Group Plc named insurance veteran Torbjörn Magnusson as its new chair, concluding a long search for a permanent successor to Douglas Flint to oversee the company’s turnaround plan.