Latest Aviva France Headlines
All the headlines from our Aviva France Topic Page, ordered by recency.
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...
Aviva to Close U.K. Brokerage Operation
Feb 6 2004 // The U.K’s largest insurer, Aviva plc, announced that intends to close down its insurance brokerage operation, Hill House Hammond. The closure will eliminate around 1,600 jobs, as Aviva shutters the broker’s 240...
Andrew Moss to Leave Lloyd’s for Aviva
Jan 30 2004 // Aviva Plc appears to have successfully headhunted Andrew Moss, currently the top financial officer at Lloyd’s. The U.K.’s largest insurer announced yesterday that Moss, 45, is expected to join Aviva as its new...
Best Assigns Ratings to Aviva and Subsidiaries
Dec 19 2003 // A.M. Best Co. announced that it has assigned an “a-” Issuer Credit Rating to Aviva Plc. It has also given an ‘A’ (Excellent) financial strength rating to CGU International Insurance Plc. and Norwich...
S&P Affirms Aviva Canada Subs ‘A’ Ratings
Oct 3 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ont.-based insurance holding company...
S&P Affirms Aviva’s ‘A-‘ Long-term Debt Rating
Oct 1 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term debt rating on the U.K. insurer Aviva’s £1.6 billion-equivalent ($2.66 billion) junior subordinated bond...
Aviva Plans $1.9 Billion Bond Issue – Rating Agencies React
Sep 11 2003 // Aviva Plc., the U.K.’s largest insurer, announced plans to raise £1.2 billion ($1.91 billion) in new capital through the issuance of junior subordinated bonds. Plans call for the issue to be completed by the end of...
S&P Lowers Aviva’s Canadian Subs to ‘A’
Jun 24 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc....
Changes at Global Aerospace – Aviva Exits, R&SA Decreases and Converium Ups Stake
Nov 29 2002 // Global Aerospace Underwriting Managers (GAUM), the world’s largest managing agent in the aviation market, is undergoing major changes. Aviva and Royal & Sun Alliance both announced that they will drastically...
Aviva To Sell Australia, New Zealand Operations to IAG
Oct 17 2002 // Aviva, PLC, once known as the insurance company CGNU, has agreed to sell its general insurance operations in Australia and New Zealand to the Insurance Australia Group (IAG) for A$1.86 billion (approximately U.S. $1...
FINEOS to Supply Aviva’s Delta Lloyd with Claims Management System
Sep 6 2002 // Ireland’s FINEOS Corp., which conducts business in the U.S. from Portland Maine, announced that it has agreed to supply Delta Lloyd in the Netherlands, a division of the U.K. ‘s AVIVA plc (formerly CGNU), with...
Groupama to Purchase Aviva’s Spanish P/C Unit for
Jul 12 2002 // France’s Groupama will acquire Plus Ultra Generales, Aviva’s ( ex-CGNU’s) Spanish p/c operation for €246 million ($240 million). The acquisition gives the French mutual insurer a 1.4 percent share of...
CGNU R.I.P. – Welcome Aviva
Jul 2 2002 // In the latest triumph of marketing hype over common sense, CGNU, the U.K.’s largest insurer, officially recommenced life on Monday as Aviva Plc. CEO Richard Harvey, who first proposed the change last February, has...
Viva Aviva CGNU’s Shareholders Approve Name Change
Apr 24 2002 // CGNU’s Directors succeeded in getting shareholder approval for their plan to rename the venerable insurer Aviva, as of July 1, despite some opposition and the opinions of some analysts (and editors) that the new name...
CGNU Cuts Dividend, Announces Rebranding as Aviva
Feb 28 2002 // U.K.-based global insurer CGNU plans on renaming itself Aviva Plc, and also announced that, even though it had achieved a remarkable 41 percent growth in operating profits last year, it planned on reducing its dividend...
