Steve Waygood’s Post

The Deal That Transformed Aviva Sonenreich's Life Discover the pivotal real estate deal that changed Aviva Sonenreich's life. Learn how this game-changing transaction shaped her career, led to significant growth, and set the foundation for her future success in the industry. Watch the whole video on our YouTube channel: Equity Warehouse #realestatedeal #propertyinvestment #firstproperty #dealclosed #investmentjourney #realestatesuccess #beginnerinvestor #realestatejourney #investmentmilestone

📢 Direct Line Group Rejects Aviva's £3.3 Billion Proposal 🚫 Today, we witnessed a significant move in the insurance sector. Direct Line Group has turned down a £3.3 billion takeover bid from Aviva, labelling the offer as "opportunistic" and underscoring that it underestimates the company's value. This decision comes at a pivotal time for Direct Line, as they stand firm on their post-new leadership strategy. Direct Line's board expressed a steadfast confidence in their current strategic direction. They believe their plan will propel growth in profitability, enhance capital generation, and increase shareholder returns. It's a bold stance that reflects their belief in the company's intrinsic potential and long-term value, which they assert cannot be captured by Aviva's proposal. This rejection sets the stage for an interesting era in the insurance market, as everyone will be watching Direct Line to see if their confidence translates into tangible results. What are your thoughts on this move? Is it a wise stand for future growth or a missed opportunity? Let's discuss! Feel free to reach out at [email protected] for an engaging conversation. #InsuranceIndustry #BusinessStrategy #MergersAndAcquisitions

Interesting times! 🥸 What four things am I doing as an employee? First , don't panic! I have clear deliverables and ways that I can provide value to the business , so I'll keep doing what I do and stay on track with my targets and goals. It's not worth falling over in regards to things out of our control. Second, think! How do I provide value to the business currently? Clearly think about how i can quantify this. Is there any way in which I can upskill or network within my area right now? How does a potential merger effect me ,my team or my area? it's important to take a step back and reflect. Third, research! Others have gone through changes like these in the past. Browse reddit and other online forums. Learn from the experience of others. Fourth, talk! Talk to my colleagues , family, friends, share feelings and remember that we are all human. Let yourself "feel" and talk if you need to. #Directline #Aviva #Insurance

Stumped by solvency or perplexed by profits? 😖 I asked Microsoft Copilot to help explain these measures using analogies as we celebrate our fantastic Half Year results at Aviva! 🎊 Note this is created using AI so as always, take with a pinch of salt 😉 🍋 Operating profit: The money you have left after selling lemonade and paying for lemons and sugar, but before paying rent on your shop. (Higher is better, indicating efficient operations) 🌊 Solvency II Own Funds Generation: The extra water you collect in a reservoir after ensuring your main tank is full and secure. (Positive and growing shows strong capital generation). 🎫 Undiscounted COR (Combined Operating Ratio): Planning a big event where you compare the total cost of the venue, catering, and entertainment, to the ticket sales. If your costs are less than ticket sales, the event is profitable. (Below 100% indicates profitability). 🥅 Solvency II Cover Ratio: A safety net that's strong enough to catch you if you fall, ensuring you won't hit the ground. (Above 100% showing financial stability) 🥕 Interim Dividend: Sharing a part of your harvest with your family halfway through the season (Consistent and sustainable reflects company health) #Copilot #HalfYearResults #Aviva #financialservices #education #ai #knowledgesharing

3 days left! On November 14th, we’re diving deep into a question every industry should be asking: How is the insurance industry thriving in these uncertain times? The countdown is on, and we’re excited to share the powerful strategies that make Ageas Group one of the most resilient players in the field. Karolien Gielen and I will be breaking down: - How Ageas predicts and prepares for the unpredictable - Adaptation techniques that allow them to pivot fast - The mindset shift that turns uncertainty into opportunity Whether you’re in insurance, finance, or simply want a fresh perspective on navigating today’s challenges, this is one you won’t want to miss. 🗓️ Date: November 14, 2024 🕒 Time: 3 PM (CEST) 🔗 Last chance to save your seat! https://lnkd.in/ezGdYyzs Let’s count down together to an eye-opening conversation on resilience and growth.

How are you (at individual, corporate and societal level) investing in the next generation of leaders? Wilberforce Machimbidzofa, WAICA Reinsurance Corporation PLC, Swiss Re, Reinsurance Association of America, Women Leadership in Insurance Africa - WLIAfrica, Insurance Institute of Canada, Insurance Thought Leadership #risktransformation #leadership #impact

This morning, Aviva announced a £3.3 billion (250p per share) proposal to acquire Direct Line Group, marking the second approach for the company this year. Earlier, Ageas Group made a 233p proposal before ultimately walking away. Direct Line’s Board has swiftly rejected Aviva’s approach, stating that it “substantially undervalues the company.” The offer certainly raises interesting questions around valuation. While the premium on offer - 58% above Direct Line’s last share price - appears compelling, especially against the 10-year median premium of 36% for UK insurance bids, the Price/Book multiple tells a different story. Aviva’s proposal stands at 1.37x net assets, below the 10-year median of 1.62x in similar deals. Is this a lowball offer masked by an eye-catching premium? Or could the Board’s rejection change if shareholders weigh in? #MandA #CorporateFinance #MergersAndAcquisitions #StockMarket #Valuation #Aviva #DirectLine

Presumably Direct Line Group is not trading up closer to Ageas Group possible offer price of c.230p because i) no offer has been made, ii) the relatively high equity proportion at c.57% of the whole, and iii) lack of compelling potential counterbidders (only Aviva and AXA stand out from the list below, (the former might have market share issues and the latter is remediating UK motor) while some are clearly non-starters, eg NFU Mutual and RSA). Presumably there will be more detail to come on synergies if an offer is made, but those who own DLG for a turnaround in its performance and end-markets may not wish to see this diluted in a much more diversified group (as of FY23 operating profit, 47% was earned in Asia and 42% in Belgium). Good to see some potential M&A to bring focus to value in the sector...(Chart below is Top 10 UK motor insurers, source: NimbleFins)

The Legacy of Mehdi Fakharzadeh and The Financial Hall of Fame®  In the financial services sector, where dedication and innovation are essential, few individuals have made as significant an impact as Mehdi Fakharzadeh. A highly respected advisor and insurance legend, Mehdi has inspired many to strive for excellence. His vision was instrumental in the establishment of The FHoF, an initiative dedicated to recognizing the best professionals across the financial services industry, including insurance and investment. A Vision for Recognition Mehdi’s commitment to acknowledging the achievements of industry leaders is evident in his support for The FHoF. This initiative celebrates those who have devoted their careers to advancing their professions, pushing boundaries, and setting new standards of excellence. By providing a platform for honouring outstanding individuals, the FHoF inspires both current professionals and future generations. The establishment of The FHoF reflects a collective vision for recognizing excellence in the financial services industry. By highlighting the need for formal recognition, this initiative fosters a culture of appreciation for those who have made significant contributions to their fields. FHoF aims to celebrate individuals who have made substantial advancements across various financial disciplines. It recognizes that true leadership is not only about personal achievement but also about inspiring and uplifting others within the industry. Honourees are those who have tirelessly worked to create lasting impacts on their communities and their professions. A Lasting Legacy As we consider Mehdi Fakharzadeh's contributions and the influence he has had on industry leaders, it is clear that his commitment to excellence has set a high standard for the financial services sector. The FHoF stands as a testament to this vision, ensuring that the achievements of remarkable professionals are celebrated and recognized. In conclusion, Mehdi’s legacy continues to foster a culture of recognition and excellence within the financial services industry. By honouring those who have dedicated their careers to advancing their professions, we pave the way for future leaders, ensuring continued growth and innovation. Let us celebrate these pioneers and their invaluable contributions as we all strive for greatness in our respective fields. #Leadership #FinancialServices #Insurance #Investment #Banking #WealthManagement #Recognition #Innovation #Excellence #FinancialHallofFame #Inspiration #ProfessionalDevelopment #Legacy #Mentorship #CareerGrowth #Dedication #IndustryPioneers #MehdiFakharzadeh #FinancialAdvisors #RiskManagement #RetirementPlanning

Today I realized that one of the things that makes me feel thrilled everyday to be part of Aviva Canada, that it is an organization that understands the profound impact of fostering a culture of creative thinking and empowered decision-making. Embracing this approach not only fuels individual development but also pushes the company’s performance to new heights. It’s not just about adhering to a set of rules but about cultivating a mindset that values individual insights and contributions. By encouraging creative decision-making, Aviva sets the stage for success, allowing us to adapt swiftly to challenges and explore innovative solutions. Here’s to a workplace where creative minds thrive, decisions matter, and success becomes a shared journey. #Aviva #Empowerment #InnovationCulture