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The second largest insurance company in the UK: Aviva plc (AVVIY) (1990)

Aviva Group Co., Ltd. (abbreviated as Aviva Group, Aviva Group, and Aviva) Aviva plc (OTC PINK: AVVIY, LSE: AV) was founded in 1990, formerly known as CGNU plc, and was changed to The current name, with 30,021 full-time employees (2018), is the second largest insurance company in the United Kingdom after Baocheng , and the sixth largest insurer in the world. Its business mainly provides comprehensive insurance, life insurance, and retirement insurance, and service areas Mainly include the United Kingdom, Asia, North America, and continental Europe. The company was originally traded on the New York Stock Exchange under the stock code NYSE: AV, but on December 6, 2016, Aviva plc believed that it was no longer necessary to continue to be listed on the New York Stock Exchange. The shares were delisted from the New York Stock Exchange and the London Stock Exchange remained Continue trading, the company’s US stock ADR continues to trade in the OTC pink sheet market.

Aviva plc Logo

Aviva plc (AVVIY):

Aviva Group was formed in May 2000 by Norwich Union and CGU plc, and CGU itself was merged by Commercial Union and General Accident in 1998 ) Was merged and established at that time, formerly known as “CGNU plc” (CGNU plc), until 2002 began to use the Aviva name.

Aviva plc provides long-term insurance and deposits, general and health insurance, and fund management products and services. Specific products and services include:

1. Insurance and deposit products: including pension products such as individual and group pensions, shareholder pensions, income withdrawal, and annuities;

2. Protection products: including term insurance, collateral life insurance, flexible life insurance and critical illness insurance;

3. Bonds and deposits: including single fee investment bonds, fixed fee deposit plans;

4. Investment products: including unit trusts, personal savings accounts, open investment companies and stock issuance services;

5. General and health insurance products: including personal insurance products including vehicle, family, travel and creditor insurance;

6. Commercial insurance products: including ship accident liability and commercial property insurance;

7. Health insurance products: including personal health, income protection, personal accident products, as well as various corporate health care insurance products, corporate and professional risk insurance;

8. Provide fund management products and services to long-term insurance, savings and general insurance operators and third-party investors.

Aviva plc (AVVIY) history:

  • Aviva’s history can be traced back to the Hand in Hand Fire & Life Insurance Society established in London in 1696;
  • In May 2000, Norwich Union and CGU plc merged to form CGNU plc (now Aviva plc);
  • In July 2002, CGNU plc was renamed Aviva plc (Avivia Group);
  • In March 2005, Aviva acquired the Royal Automobile Club (RAC plc, now RAC Limited, Royal Automobile Club), which is engaged in car repair business, for £1.1 billion;
  • In July 2006, Aviva Group acquired AmerUs Group, a US financial services company established in 1896, for US$2.9 billion. After the acquisition was completed, it was reorganized into Aviva USA;
  • On January 2, 2008, Aviva Group and Taiwan First Financial Holdings jointly established First Aviva Life Insurance Company. This is the first case of a foreign insurance group and Taiwan Financial Holding Company jointly forming a life insurance company. First Aviva Life Insurance then Changed its name to First Gold Life Insurance;
  • On June 1, 2009, Aviva Company completely stopped using the Norwich Union brand in the UK;
  • In June 2009, Aviva Group sold the Canadian wealth management business (Navigator) to National Australia Bank (ASX: NAB) for 401 million pounds;
  • In 2009, began trading on the New York Stock Exchange;
  • In September 2011, Aviva completed the sale of RAC plc to The Carlyle Group for £10 ;
  • In February 2012, Aviva sold its occupational health business to Capita (LSE: CPI), a British support service company;
  • In July 2012, Aviva announced plans to sell or close 16 non-core businesses to simplify its activities and improve shareholder returns. As part of the plan, Aviva will sell its business in South Korea and close the bulk purchase of annuity units in the UK New business
  • In December 2012, Aviva sold Aviva USA Corporation to Athene Holding for US$1.8 billion . Later Athene sold the life insurance business acquired from Aviva to Global Atlantic;
  • On December 1, 2014, Aviva and Friends Life Group announced that the two companies have reached a share swap agreement worth 5.6 billion pounds (approximately US$8.8 billion). The combined company will become the largest in the UK Insurance, savings and asset management companies. The transaction will add more than 5 million customers to Aviva;
  • On April 13, 2015, Aviva completed the acquisition of Friends Life Group (LSE:FLG) for £5.6 billion;
  • On December 6, 2016, Aviva plc believed that it was no longer necessary to continue to be listed on the New York Stock Exchange. The shares were delisted from the New York Stock Exchange and the London Stock Exchange continued to trade;
  • In September 2017, Aviva agreed to sell its Italian joint venture Avipop Assicurazioni to Banco BPM (BIT: BAMI) for US$310.1 million.

Aviva plc (AVVIY) subsidiary:

  • United Kingdom
    • Aviva Life – Pension, investment, life insurance and long-term savings (formerly Norwich Union)
    • Aviva Insurance-General Insurance
    • Aviva Investors-Fund Management (formerly Morley)
  • Canada – Aviva Canada
  • China-Aviva-Cofco
  • France – Aviva France
  • India – Aviva India
  • Ireland
    • Aviva Direct
    • Aviva Health
  • Italy – Aviva Italia Holding SpA
  • Poland-Aviva
  • Singapore
  • Indonesia
  • Hong Kong
  • Spain
  • Taiwan – First Aviva
  • Turkey-AvivaSA Emeklilik
  • Vietnam
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