LONDON: Aviva Plc has announced that it has reached an agreement on the terms of a recommended cash and share offer for Direct Line Insurance Group. The acquisition deal outlines that for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash, and up to 5 pence in dividend…
Tag: Aviva
Aviva Plc reports 9% increase in operating profit to £1.46 billion in 2023
LONDON, UK: Aviva Plc, the UK’s largest insurer, announced its 2023 annual results on Thursday, showing a 9% increase in group operating profit to £1,467m and a 12% increase in solvency II operating own funds generation to £1,729m. The company also declared a final dividend of 22.3 pence per share, up 8% from the previous…
Aviva appoints Charlotte Jones as Chief Financial Officer
LONDON, UK: Aviva plc has appointed Charlotte Jones as Chief Financial Officer and Executive Director with effect from 5 September 2022. Charlotte Jones was previously Chief Financial Officer of RSA Insurance plc and Interim Chief Executive Officer of the RSA UK & International business. Charlotte has enjoyed a highly successful career in financial services including…
Aviva announces £750m ordinary shares buyback
LONDON, UK: Aviva plc will commence a share buyback programme of its ordinary shares for up to a maximum aggregate consideration of £750 million, commencing on 13 August 2021, a news release said. Aviva has entered into a non-discretionary agreement with Citigroup Global Markets Ltd to conduct the Programme on its behalf and to make…
Aviva to sell Aviva Poland to Allianz for €2.5 billion
LONDON: Aviva plc has reached a significant milestone in the execution of strategy, with the agreement to sell its entire shareholding in Aviva Poland to Allianz for a cash consideration of €2.5 billion, valuing the acquired business at €2.7 billion, a news release said. Aviva will now focus on its strongest businesses in the UK,…
Aviva completes sale of Aviva Singapore
LONDON: Aviva plc today announced that it has completed the sale of a majority shareholding in Aviva Singapore to a consortium led by Singapore Life Ltd (Singlife). The business has been renamed as Aviva Singlife Holdings Pte Ltd. Aviva received SGD 2.7 billion of total consideration, which is comprised of SGD 2.0 billion1 (£1.1 billion2)…
Aviva completes sale of entire shareholding in joint venture in Indonesia
LONDON: Aviva plc has completed the sale of its entire shareholding in PT Astra Aviva Life to PT Sedaya Multi Investama, a subsidiary of Aviva’s joint venture partner, PT Astra International Tbk. The sale of Aviva’s shareholding in PT Astra Aviva Life was announced on 6 March 2020. www.aviva.com
Aviva appoints Amanda Blanc as Chief Executive Officer
LONDON: Aviva plc announced the appointment of Amanda Blanc as Chief Executive Officer with immediate effect. Amanda is currently an Independent Non-Executive Director at Aviva plc. She was appointed to the Aviva Board in January 2020 and chairs the Customer, Conduct and Reputation Board Committee. She was previously CEO, EMEA & Global Banking Partnerships at…