Aviva
From Wikipedia, the free encyclopedia
| Aviva plc | |
|---|---|
 |
|
| Type | Public (LSE: AV.) |
| Founded | 2000 |
| Headquarters | London, England, UK |
| Key people | Lord Sharman, Chairman Andrew Moss, CEO |
| Industry | Insurance |
| Products | Life insurance Pensions |
| Revenue | £40,645 m (2007) |
| Operating income | £2,228 m (2007) |
| Net income | £ 1,505 m (2007) |
| Employees | 59,000 (as of 30-6-07) |
| Website | http://www.aviva.com |
Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis[citation needed]. It is one of the leading providers of life and pensions products in Europe and has a presence in 25 countries worldwide, notably France and The Netherlands. The company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc (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 used the Norwich Union name as a trading name within the United Kingdom, but on 29 April 2008 announced that they would be changing to Aviva[1].
Its main activities are long-term savings, fund management and general insurance. It has around £332 billion of assets under management. The group has just under 55,000 employees, including just under 35,000 in the UK, serving 35 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.
On 10 January 2007, it was announced that CEO Richard Harvey would retire on 11 July 2007. His successor was Andrew Moss, the former group finance director.
Aviva LLC is not associated with Aviva Energy Corp., an energy consulting firm based in the U.S.
Contents |
[edit] Companies
- United Kingdom
- Norwich Union Life (NUL) - Pensions, investments and long term savings
- Norwich Union Insurance (NUI) - General Insurance
- Morley Fund Management - Fund Management
- RAC - Breakdown recovery
- United States of America - Aviva USA Corporation
- Ireland - Hibernian Group
- Poland - Commercial Union
- Holland - Delta Lloyd
- Canada - Pilot
- France - Eurofil
- Federation of Bosnia and Herzegovina - Adrian Banka
- Australia
- China - Aviva-Cofco
- India
- Malaysia - CIMB Aviva
- Singapore
- Turkey
- Taiwan - First Aviva (in chinese language)
- Sri Lanka
[edit] Company Name
The company name, Aviva, is a Hebrew name meaning Spring or Renewal (as in Tel Aviv). It is pronounced Ah-Vee-Vah.
[edit] Sponsorship
In May 2008 Aviva became Norwich City Football Club's main sponsors with what is believed to be a 7 figure sum
[edit] See also
[edit] External links
[edit] Notes
 |
This article on an insurance company is a stub. You can help Wikipedia by expanding it. |
