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Aviva sells Spanish units to Bankia for $248 million
Posted on Friday February 23, 2018
The price to sell its entire shareholding in the life insurance and pensions joint ventures represents 2.1 times Aviva's share of the IFRS net asset value and 22.5 times Aviva's share of earnings after tax of these businesses, it said. With the deal, Aviva's Solvency II capital surplus will go up by about 150 million pounds, it said. "Following the restructuring of the Spanish banking system, which started in 2010, and the subsequent consolidation among Aviva's banking partners, Aviva has taken steps to protect the value of its distribution agreements in Spain," the insurer said in a statement.
BRIEF-Aviva Says Co, Hillhouse Capital Group And Tencent Holdings Completed Transaction To Develop A JV
Posted on Monday February 12, 2018
Feb 13 (Reuters) - AVIVA PLC: * AVIVA, HILLHOUSE CAPITAL GROUP AND TENCENT HOLDINGS COMPLETED TRANSACTION TO DEVELOP A DIGITAL INSURANCE JOINT VENTURE IN HONG KONG * JOINT VENTURE HAS BEEN APPROVED BY ...
Aviva CEO Says Insurance Sector in `Stone Age,' Needs Tech Deals
Posted on Monday February 05, 2018
The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer.
MOVES-Aviva appoints Colm Holmes as CEO of Canada business
Posted on Tuesday January 16, 2018
Aviva Plc, Britain's biggest life insurer, said on Tuesday it appointed Colm Holmes as chief executive of Aviva Canada. Holmes, currently the CEO of Aviva UK General Insurance, will replace Greg Somerville, ...