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UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums

Feb 27 2025 // British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on...

Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows

Feb 17 2025 // Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed...

UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal

Dec 31 2024 // British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday [Dec. 23], creating the UK’s...

Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

Dec 23 2024 // Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be entitled to receive...

Aviva’s India Officials Approved Brokerage Model Queried by Taxmen

Dec 13 2024 // An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company...

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