Latest Aviva France Headlines
All the headlines from our Aviva France Topic Page, ordered by recency.
U.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of Interest
Feb 24 2015 // Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts of interest among funds in its fixed-income business. From August 2005 to June 2013, Aviva...
Aviva to Cut About 1,500 Jobs with Friends Life Acquisition
Jan 20 2015 // Aviva Plc said it may eliminate about 1,500 jobs with its £5.6 billion ($8.48 billion) takeover of Friends Life Group Ltd. The job losses form part of an estimated £225 million [$340.76 million] in annual savings from...
Impatient New Zealander Jolts U.K. Insurance with Aviva Shake-Up
Jan 9 2015 // During Mark Wilson’s first week at Aviva Plc in London he stormed out of a meeting with top executives after growing frustrated with the lack of boardroom debate. In the two years since, the chief executive officer...
UK’s Aviva Agrees to Acquire Friends Life for $8.8 Billion in Shares
Dec 2 2014 // Aviva plc, Britain’s second-largest insurer by market value, agreed to buy Friends Life Group Ltd. for about 5.6 billion pounds ($8.8 billion) in stock in the U.K. insurance industry’s biggest takeover in 15...
Aviva in $8.76 Billion Deal to Buy Friends Life after Pensions Shake-up
Nov 21 2014 // British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for £5.6 billion [$8.76 billion], as British pension reform puts pressure on insurance companies to find new...
Aviva and Partner Hold IPO of Their Turkish Pension & Life Unit
Nov 10 2014 // Aviva plc and its partner Haci Omer Sabanci Holding AS raised 331 million liras ($147 million) in the initial public offering of their Turkish pension and life insurance unit as the shares priced near the top of the...
Aviva New Business Growth Driven by Europe and Asia Operations
Oct 30 2014 // Aviva plc, the U.K.’s second-biggest insurer by market value, reported a 15 percent rise in new business in the first nine months of the year, driven by its European and Asian operations. The value of new business, a...
Aviva Sells Spanish Venture Stake after Tribunal OK’s Deal
Sep 19 2014 // British insurer Aviva is selling its stake in joint venture CxG Aviva for €287 million ($369 million) to venture partner Novacaixagalicia (NCG) Banco after a Spanish tribunal ruling cleared the way for a deal. The cash...
3i Group’s Montague Replaces McFarlane As Aviva Chairman
Sep 12 2014 // Aviva Plc, the U.K.’s second- largest insurer by market value, named Adrian Montague as non- executive chairman, replacing John McFarlane, who is taking up the same job at Barclays Plc. Montague, 66, who joined the...
Former Dewey Executives Use Indictment to Fend Off Aviva’s Lawsuit
Jun 3 2014 // The three former top executives at Dewey & LeBoeuf LLP, indicted by the Manhattan district attorney for falsely portraying the failing law firm’s financial condition, are using the criminal proceedings to halt a...
Aviva Profits Surge to 2008 Levels; CEO Restores Bonuses
Mar 6 2014 // Aviva Plc rallied to its highest in more than five years after profit beat analysts’ estimates and Chief Executive Officer Mark Wilson said he planned to restore bonuses at the U.K.’s second-biggest insurer by...
Aviva Names Blackstone’s Tom Stoddard CFO after Regan Departs
Feb 28 2014 // Aviva Plc named Blackstone Group LP Senior Managing Director Tom Stoddard chief financial officer after its previous finance head decided to leave the company. Stoddard, Blackstone’s head of global financial...
Aviva, RSA, Direct Line Face Heaviest Losses from UK Floods
Feb 24 2014 // Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as £1 billion ($1.667 billion). Aviva, the...
Aviva CFO Regan Resigns after Four Years to Join QBE
Jan 23 2014 // Aviva plc, the U.K.’s second-biggest insurer by market value, said Chief Financial Officer Pat Regan resigned to take up a similar job at Australia’s QBE Insurance Group Ltd. Regan, who joined Aviva as CFO in...
Ratings Recap: QBE Optima, Aviva (Canada), Syndicate 609, Adamjee
Oct 21 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Puerto Rico-based QBE Optima Insurance Company, both with stable outlooks. The...
Aviva’s Buyer Intends to Trim Des Moines-Area Jobs
Sep 5 2013 // The buyer of Aviva USA intends to trim about 90 Aviva jobs in the Des Moines, Iowa-area as it cuts about 10 percent of the insurer’s workforce. The Des Moines Register says Aviva employees were told about the...
Iowa Insurance Regulator Approves Aviva Acquisition
Aug 19 2013 // Iowa’s insurance regulator has approved the acquisition of West Des Moines-based AvivaUSA and subsidiaries by Athene Holding Ltd., a life insurance company owned primarily by private equity fund Apollo Global...
Aviva Considering Sale of India Life Insurance Stake Say Sources
Aug 5 2013 // Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, as the British insurer retreats from less-profitable markets where it has struggled to grow its business, sources...
UK Insurer Aviva to Cut 2,000 Jobs Worldwide
Apr 18 2013 // British insurer Aviva Plc will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalizing its flagging fortunes, the company confirmed on Thursday. Chief Executive Mark Wilson told staff the...
Sun Life, Khazanah to Buy Aviva’s Malaysian Insurance JV for C$586 Million
Jan 17 2013 // Canada’s Sun Life Financial and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc’s Malaysian insurance joint venture with lender CIMB for C$586 million (US$593.6 million). Sun Life and...
