Latest Aviva France Headlines

Business Moves

May 7 2007 // Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...

Aviva Targets Russian Expansion

Apr 20 2007 // The UK-based Aviva Group has announced expansion plans for the Russian market, aimed at achieving “a top five position within five years.” A year ago it launched Aviva Russia, which the bulletin indicated,...

Aviva’s Delta Lloyd to Acquire Erasmus Group BV

Feb 9 2007 // The UK’s Aviva plc announced that its Dutch subsidiary, Delta Lloyd Group, plans to acquire Erasmus Groep BV, based in Rotterdam, from Wüstenrot & Württembergische AG, based in Stuttgart, Germany. “The...

Moss to Succeed Harvey as Aviva Group Chief Executive

Jan 10 2007 // Aviva plc, the U.K.-based savings, investments and insurance group, announced that Group Chief Executive Richard Harvey intends to retire July 11, 2007. The Company’s Board of Directors has named Andrew Moss,...

Aviva Targets 4000 Jobs, $470 Million Cost Savings at Norwich Union

Sep 14 2006 // The U.K.’s Aviva plc announced that its British business Norwich Union has targeted some 4000 jobs for elimination in an initiative to “reduce duplication and improve efficiency to deliver annual cost savings...

Business Moves

Aug 7 2006 // Cooper Gay & Cashman, Cooper Gay Intermediaries Independent reinsurance brokers, Cooper Gay (Holdings) Ltd., headquartered in London, renamed its U.S. domestic treaty operation Cooper Gay Intermediaries LLC. Based in...

London-based Aviva PLC Aquires Iowa’s AmerUs for $2.9 Billion

Jul 14 2006 // Aviva PLC, Britain’s largest insurance company, said Thursday it will take over U.S. life insurance company AmerUs Group Co. in a $2.9 billion deal that will expand the U.K. insurer’s reach into the U.S....

Aviva Receives New China License

Apr 26 2006 // The U.K.’s Aviva Plc announced that it has received regulatory approval for its joint-venture company, Aviva-COFCO, to open a branch office in the city of Jinan, the capital of Shandong province on China’s East...

Business Moves

Apr 17 2006 // Aviva, Prudential “It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer...

Aviva Gives Up on Pru Purchase

Mar 27 2006 // “It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer a week ago (See IJ...

Prudential (UK) Rejects Aviva Bid

Mar 20 2006 // It may still be wintry and cold in London and Minnesota, but that hasn’t seemed to dampen the springtime ardor for big merger plans. Shortly after speculation rose that St. Paul/Travelers was seeking to merge with...

Aviva Acquires 51 percent Stake in Sri Lanka’s Eagle

Feb 2 2006 // The U.K.’s Aviva plc announced that it has acquired a 51 percent stake in Eagle Insurance Limited, the third-largest insurer in Sri Lanka. Aviva also noted that its new acquisition has “entered into a...

International Newsbriefs

Aug 22 2005 // Second Quarter Profit Figures on the Rise: April, May and June are usually good months for the insurance industry, and 2005 has been no exception. While AIG led the U.S. contingent with a second quarter net figure of $3.99...

Aug 22 2005 // Second Quarter Profit Figures on the Rise: April, May and June are usually good months for the insurance industry, and 2005 has been no exception. While AIG led the U.S. contingent with a second quarter net figure of $3.99...

Aviva 1st Half Operating Profit up 21%; Sharman Replaces Gyllenhammar as Board Chairman

Aug 11 2005 // The U.K.’s largest insurer, Aviva Plc reported strong first half results with worldwide operating profit up 21 percent to 1.318 billion pounds ($2.38 billion), compared to 1.076 billion pounds ($1.94 billion) in the...

Aviva Operating Profits up 25% to $4.5 Billion; Offers $2.11 Billion for RAC; Best, S&P Comment

Mar 10 2005 // Aviva (formerly CGNU/Norwich Union) announced a net operating profit for 2004 of £2.344 billion ($4.5 billion), a 25 percent increase from 2003’s £1.72 billion ($3.3 billion). The U.K.’ largest insurer also...

Best Assigns ‘A+’,’aa-‘ Ratings to Aviva Group

Oct 18 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group. Best also...

Aviva to Outsource an Additional 950 Jobs

Sep 24 2004 // Aviva Plc., the U.K.’s largest insurer, announced that it plans to increase its offshoring capacity by moving some 950 jobs offshore “to service its existing Norwich Union businesses.” The group has...

Aviva to Sell Asian P/C Business to Mitsui Sumitomo

Sep 7 2004 // The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443...

S&P Raises Aviva’s French Unit to ‘AA-‘

Aug 12 2004 // Standard & Poor’s Ratings announced that it has raised its long-term counterparty credit and insurer financial strength ratings on non-life French insurer Aviva Assurances S.A. to ‘AA-‘ from...