Aviva

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Aviva plc (LSE: [AV.]) is the world's sixth-largest insurance group and the biggest in the UK. It trails behind AXA, Allianz, ING, Assicurazioni generali and Fortis. It is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world. The company was formerly called CGNU, and was created by a merger of Norwich Union and CGU [itself created by the 1998 merger of Commercial Union and General Accident in 2000. The Aviva name was adopted in July 2002. The company still uses the Norwich Union name within the United Kingdom.

Its main activities are long-term savings, fund management and general insurance. It has premium income and investment sales of £33 billion, and around £291 billion of assets under management. The group has 60,000 employees serving 30 million customers worldwide. Aviva plc is the holding company of the Aviva group of companies, which carries out life assurance and long-term savings business, fund management and all classes of general insurance. It also invests in securities, properties, mortgages and loans, and trades in property.

Aviva approached the UK's other insurance giant Prudential in March 2006, with a view to merging to form the world's fifth largest insurance player, but withdrew once it became clear the Prudential's board would not consider the suggestion.

Contents

1 Aviva companies
2 Australia
3 Republic of Ireland
4 References
5 External links

Aviva companies

Within the UK Aviva now has four main brands:

Norwich Union Life - Pensions, investments and long term savings
Norwich Union Insurance - General Insurance
Morley Fund Management - Fund Management
RAC - Breakdown recovery

Australia

In 2003 CGU was sold to Insurance Australia Group

In 2001 CGU purchased the Australasian operations of Fortis.

Republic of Ireland

Hibernian plc.

References

External links

[Aviva plc]
[Aviva Challenge]

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