Under the influence

Few things have demonstrated the City’s regard for general insurance quite as starkly as the behaviour of Aviva’s share price following the news that Mark Hodges would take over in the wake of Igal Mayer’s departure. It barely flickered. While brokers were rolling in the fountains like Spanish football fans on World Cup final night, traders and analysts registered the news with a stifled yawn before shrugging it off as ‘market neutral’. General insurance is rarely a top priority in the wider financial sector, which can make for some interesting dynamics in the upper echelons of the UK’s financial giants. Insurance Times asked me to profile the bosses of the three biggest insurers – and those bosses’ bosses, to find out who’s really pulling the strings.