Market moves: Blockbuster moves

A pair of glasses resting on the jobs section of a newspaper

Cinema-goers are currently flocking in their masses to see Batman take his final stand against deadly villain Bane. It comes just a few weeks after Spiderman came back to spin to his web once more against perilous enemy, the Lizard. What has this got to do with Market moves I hear our loyal readers cry? Well, ‘tis the season for a good old-fashioned summer blockbuster.

Topping the bill was Aviva with a large-scale shake-up of its senior management team. David McMillan, formerly chief executive (CEO), UK and Ireland general insurance, was appointed director, group transformation. Filling the void is Robin Spencer, who will also remain a member of the group executive, reporting to John McFarlane and Trevor Matthews. And, completing the merry-go-round of changes, John Lister replaced Mr Spencer as group chief capital and risk officer and will join the group

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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