Latest Aviva France Headlines

All the headlines from our Aviva France Topic Page, ordered by recency.

Business Moves

Apr 17 2006 // Aviva, Prudential“It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer...

Aviva Gives Up on Pru Purchase

Mar 27 2006 // “It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer a week ago (See IJ...

Prudential (UK) Rejects Aviva Bid

Mar 20 2006 // It may still be wintry and cold in London and Minnesota, but that hasn’t seemed to dampen the springtime ardor for big merger plans. Shortly after speculation rose that St. Paul/Travelers was seeking to merge with...

Aviva Acquires 51 percent Stake in Sri Lanka’s Eagle

Feb 2 2006 // The U.K.’s Aviva plc announced that it has acquired a 51 percent stake in Eagle Insurance Limited, the third-largest insurer in Sri Lanka.Aviva also noted that its new acquisition has “entered into a...

International Newsbriefs

Aug 22 2005 // Second Quarter Profit Figures on the Rise: April, May and June are usually good months for the insurance industry, and 2005 has been no exception. While AIG led the U.S. contingent with a second quarter net figure of $3.99...

Aug 22 2005 // Second Quarter Profit Figures on the Rise: April, May and June are usually good months for the insurance industry, and 2005 has been no exception. While AIG led the U.S. contingent with a second quarter net figure of $3.99...

Aviva 1st Half Operating Profit up 21%; Sharman Replaces Gyllenhammar as Board Chairman

Aug 11 2005 // The U.K.’s largest insurer, Aviva Plc reported strong first half results with worldwide operating profit up 21 percent to 1.318 billion pounds ($2.38 billion), compared to 1.076 billion pounds ($1.94 billion) in the...

Aviva Operating Profits up 25% to $4.5 Billion; Offers $2.11 Billion for RAC; Best, S&P Comment

Mar 10 2005 // Aviva (formerly CGNU/Norwich Union) announced a net operating profit for 2004 of £2.344 billion ($4.5 billion), a 25 percent increase from 2003’s £1.72 billion ($3.3 billion). The U.K.’ largest insurer also...

Best Assigns ‘A+’,’aa-‘ Ratings to Aviva Group

Oct 18 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group.Best also...

Aviva to Outsource an Additional 950 Jobs

Sep 24 2004 // Aviva Plc., the U.K.’s largest insurer, announced that it plans to increase its offshoring capacity by moving some 950 jobs offshore “to service its existing Norwich Union businesses.”The group has...

Aviva to Sell Asian P/C Business to Mitsui Sumitomo

Sep 7 2004 // The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443...

S&P Raises Aviva’s French Unit to ‘AA-‘

Aug 12 2004 // Standard & Poor’s Ratings announced that it has raised its long-term counterparty credit and insurer financial strength ratings on non-life French insurer Aviva Assurances S.A. to ‘AA-‘ from...

Aviva to Close U.K. Brokerage Operation

Feb 6 2004 // The U.K’s largest insurer, Aviva plc, announced that intends to close down its insurance brokerage operation, Hill House Hammond. The closure will eliminate around 1,600 jobs, as Aviva shutters the broker’s 240...

Andrew Moss to Leave Lloyd’s for Aviva

Jan 30 2004 // Aviva Plc appears to have successfully headhunted Andrew Moss, currently the top financial officer at Lloyd’s. The U.K.’s largest insurer announced yesterday that Moss, 45, is expected to join Aviva as its new...

Best Assigns Ratings to Aviva and Subsidiaries

Dec 19 2003 // A.M. Best Co. announced that it has assigned an “a-” Issuer Credit Rating to Aviva Plc. It has also given an ‘A’ (Excellent) financial strength rating to CGU International Insurance Plc. and Norwich...

S&P Affirms Aviva Canada Subs ‘A’ Ratings

Oct 3 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ont.-based insurance holding company...

S&P Affirms Aviva’s ‘A-‘ Long-term Debt Rating

Oct 1 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term debt rating on the U.K. insurer Aviva’s £1.6 billion-equivalent ($2.66 billion) junior subordinated bond...

Aviva Plans $1.9 Billion Bond Issue – Rating Agencies React

Sep 11 2003 // Aviva Plc., the U.K.’s largest insurer, announced plans to raise £1.2 billion ($1.91 billion) in new capital through the issuance of junior subordinated bonds. Plans call for the issue to be completed by the end of...

S&P Lowers Aviva’s Canadian Subs to ‘A’

Jun 24 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc....

Changes at Global Aerospace – Aviva Exits, R&SA Decreases and Converium Ups Stake

Nov 29 2002 // Global Aerospace Underwriting Managers (GAUM), the world’s largest managing agent in the aviation market, is undergoing major changes. Aviva and Royal & Sun Alliance both announced that they will drastically...