Aviva News

Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance

Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy. The companies, which include Europe’s top three insurers by premiums – Allianz, AXA and …

Swedish Activist Investor Cevian Buys 4.95% Stake in UK Insurer Aviva

Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer’s top three holders. Christer Gardell, managing partner at Cevian, said the Stockholm-based investor now holds 4.95% of Aviva after purchasing almost 195 …

Insurer Aviva Will Close 3 UK Property Funds Hit by Pandemic Economic Turmoil

Insurer Aviva said it will close three UK property funds in July that have been suspended since March last year due to market uncertainty as the pandemic hit Britain’s economy. “During this period of economic uncertainty, it has become increasingly …

New Post-COVID Hybrid Work Arrangements May Not Be as Flexible as Desired

Fourteen months after coronavirus confined the world’s office-workers to their homes, companies are embarking on another great experiment — how to get their teams back together, in-person, at least some of the time. It’s a task that is briefly uniting …

Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War

Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion). The deal values London-based Aviva’s Polish business at 2.7 billion euros, according to a statement from Aviva Friday. It’s subject …

Generali Raises Bid for Aviva Poland in Battle with Dutch Insurer NN: Sources

MILAN – Italian insurer Generali has nudged up its bid for Aviva’s Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two sources familiar with the matter …

Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint

Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its plans once …

Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion

Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets. CNP Assurances and Allianz SE bought the London-based firm’s Italian life …

UK Insurer Aviva Plans to Become Net-Zero Carbon Emissions Company by 2040

British insurer Aviva plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide. Following the 2015 Paris Agreement on climate change, many …

Aviva Pushes Back Deadline for Final Offers for Polish Operations: Sources

LONDON – Aviva has pushed back the deadline for final offers for its Polish operations to late March as the British insurer is still haggling with Spanish lender Santander over the renewal of a key distribution agreement in Poland, sources …