Aviva
| Aviva plc
|
|
|---|---|
 |
|
| legal form | Public Limited Company |
| ISIN | GB0002162385 |
| founding | 2000 |
| Seat | London , UK |
| management |
|
| Number of employees | 27,718 (December 2013) |
| sales | £ 20.6 billion (2013) |
| Branch | Financial services |
| Website | www.aviva.com |
Aviva is the fifth largest insurance company in the world after AXA , Allianz SE , ING Groep and Fortis . It has around 35 million customers worldwide.
It has 33 million customers in 16 countries. In the UK , Aviva is the largest non-life insurer and one of the leading life and annuity insurance providers. In addition, Aviva is the second largest non-life insurer in Canada .
history
Aviva is one of the oldest insurers in the world. In 1696 the fire insurer "Hand in Hand" was founded and the first policy was issued.
Aviva emerged from a merger of two British insurance companies, Norwich Union and CGU plc (CGU was created in 1998 from a merger of Commercial Union and General Accident), as CGNU in 2000. In July 2002 the name CGNU was converted to Aviva, derived from viva , the Latin word for 'alive'. This should be more memorable than the abbreviation used so far. In most countries, with the exception of a few familiar names, the common name Aviva has been used since then.
In March 2005 Aviva acquired RAC Limited , the commercial offshoot (including breakdown service) of the British Royal Automobile Club for around £ 1.1 billion, but sold it in 2011 to the American Carlyle Group .
In 2006, Aviva acquired American financial services company AmerUs Group for $ 2.9 billion to increase its presence in the United States . AmerUs Group continued to operate as Aviva USA after the takeover.
Aviva floated its Dutch subsidiary Delta Lloyd, whose core markets are Belgium and the Netherlands, in November 2009. The Dutch Delta Lloyd also has a German subsidiary of the same name, but this has stopped selling insurance and field sales. The trading venue is NYSE Euronext in Amsterdam. In 2009, the group received issue proceeds of around € 1.12 billion, which was below expectations. Aviva is parting with only 42.8% of its Delta-Lloyd shares in the course of the IPO and retains the majority in the company with 53.0% of the voting rights. The money is to be used in particular for acquisitions.
In 2011 and 2012 Aviva parted with further shares in Delta Lloyd and currently only holds 19% of the shares.
In June 2009, the group sold its Australian wealth management business Navigator to National Australia Bank for A $ 825 million .
In February 2012 Aviva sold its healthcare division to the British company Capita .
In July 2012, Aviva announced that it would sell or close 16 non-core businesses or whose earnings are below average in order to increase profits. This also includes the area in South Korea .
In December 2012, the Group sold Aviva USA to Athene Holding for $ 1.8 billion to reduce corporate capital requirements.
Business areas
The main activities of the group are life and property insurance, long-term savings products and fund management. Aviva Investors has £ 289 billion worth of assets under management.
Subsidiaries
Aviva is represented in the following countries:
- Aviva Life - Life Insurance (formerly Norwich Union)
- Aviva Insurance - damage insurer
- Aviva Investors - fund company
Canada - Aviva Canada
China - Aviva-Cofco
France - Aviva France
India - Aviva India
- Aviva Direct
- Aviva Health
Italy - Aviva Italia Holding-SpA
Poland - Aviva
Taiwan - First Aviva
Turkey - AvivaSA Emeklilik
Web links
- Aviva plc website
- Early newspaper articles on the Commercial Union Assurance Company in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ a b Annual Report 2013 (PDF) Aviva plc, accessed on June 10, 2014 .
- ↑ timeline. www.heritage.aviva.com, accessed November 18, 2016 .
- ↑ Richard Wachman, Julia Kollewe: RAC sold to American private equity firm Carlyle for £ 1bn. In: The Guardian. June 23, 2011, accessed November 18, 2016 .
- ↑ Aviva to acquire AmerUS for $ 2.9 billion. In: NBC News. Retrieved November 18, 2016 .
- ↑ Homepage ( Memento of the original from August 17, 2018 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed September 26, 2012
- ↑ Delta Lloyd washes less into Aviva coffers than expected - stocks are giving way
- ^ Friederike Krieger: Delta Lloyd sells business in Germany . In: Financial Times Germany . September 30, 2011 ( Delta Lloyd sells business in Germany ( Memento from May 23, 2013 in the Internet Archive )). Delta Lloyd sells business in Germany ( Memento of the original from May 23, 2013 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Jamie Dunkley: Aviva steps up sale of Delta Lloyd stake . In: telegraph . July 6, 2012 ( online ).
- ↑ national-australia-bank-buys-aviva-to-become-biggest-life-insurer. www.smh.com.au, accessed November 21, 2016 .
- ^ Capita announces purchase of Aviva UK Health. In: Personnel Today. February 29, 2012, accessed November 21, 2016 .
- ↑ Insurer Aviva to cut 16 underperforming businesses. In: BBC News. July 5, 2012, accessed November 21, 2016 .
- ↑ Insurer Aviva sells US unit for $ 1.8 billion. In: Reuters Business News. December 21, 2012, accessed November 23, 2016 .
