Latest Aviva France Headlines

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

Rating Roundup: Sedgwick, Penn Treaty (Subsidiaries), Aviva

Oct 9 2008 // Standard & Poor’s Ratings Services has revised its outlook on Sedgwick CMS Holdings Inc. to stable from positive, and has affirmed its ‘B+’ counterparty credit rating on Sedgwick. “The revised...

India’s WNS Buys Insurer Aviva’s Business Process Offshoring Business

Jul 10 2008 // Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a...

Aviva to Reorganize Norwich Union; Up to 1,800 Jobs Targeted

Jun 9 2008 // Aviva PLC, the UK’s largest Insurance group, announced plans on Friday, June 6, to slash up to 1,800 jobs at Norwich Union, its UK general insurance business, by the end of 2010 as part of a structural overhaul.Aviva...

Ratings Recap: Channel Re, Bluewater, Flagstone Re, Casiopea Re, Aviva

Jun 5 2008 // Standard & Poor’s Ratings Services has lowered its financial strength rating on Channel Reinsurance Ltd. to ‘AA’ from ‘AAA’, removed the rating from CreditWatch with negative implications...

Aviva to Unite Business under Global Brand Name

May 2 2008 // With the announcement on Tuesday, April 29, that it intends to unite all of its businesses under the name Aviva, the UK’s largest insurer turned the page on one of the oldest names in the country’s insurance...

Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox

Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...

Aviva Expects A.M. Best Ratings Upgrade to Help U.S. Sales

Oct 11 2007 // Insurance and pension provider Aviva USA said a ratings upgrade by A.M Best on Tuesday, Oct. 9th will help it grow its business in the United States. Des Moines-based Aviva USA, the U.S. unit of London-based Aviva PLC,...

Aviva USA Selects West Des Moines for New U.S. Heaquarters

Aug 31 2007 // Insurance and pension provider Aviva USA plans to build its new national headquarters in West Des Moines, Iowa, a project that will result in an investment of up to $150 million and 400 jobs, the company’s CEO said...

Aviva’s First Half Global Sales up 25% to $38.8 Billion

Aug 13 2007 // Aviva, the UK’s largest insurer, also reported some of the largest growth figures for the first half of 2007, with “worldwide sales” up 25 percent to £19.294 billion ($38.816 billion).Other earnings...

Aviva, R&SA Assess UK Flood Costs

Jul 6 2007 // The UK’s two largest insurers, Aviva plc and Royal & SunAlliance Insurance Group plc, have both issued preliminary estimates of how the claims from the recent floods (See IJ web site June 27, 29 and July 2)...

Aviva Launches Direct Auto in Poland

May 17 2007 // The UK’s Aviva Group announced that its Polish operation, Commercial Union Poland, will enter the country’s direct motor insurance market. Aviva noted that the “burgeoning growth in car ownership and the...

HSBC, Aviva/Norwich Union to Create New UK General Insurer

May 11 2007 // HSBC Bank plc and Norwich Union Insurance, the U.K. operating company of the Aviva Group, announced plans to create a joint-venture general insurance company to underwrite and distribute products to HSBC’s 10.2...

Business Moves

May 7 2007 // AvivaThe U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...

Aviva Targets Russian Expansion

Apr 20 2007 // The UK-based Aviva Group has announced expansion plans for the Russian market, aimed at achieving “a top five position within five years.”A year ago it launched Aviva Russia, which the bulletin indicated,...

Aviva’s Delta Lloyd to Acquire Erasmus Group BV

Feb 9 2007 // The UK’s Aviva plc announced that its Dutch subsidiary, Delta Lloyd Group, plans to acquire Erasmus Groep BV, based in Rotterdam, from Wüstenrot & Württembergische AG, based in Stuttgart, Germany.“The...

Moss to Succeed Harvey as Aviva Group Chief Executive

Jan 10 2007 // Aviva plc, the U.K.-based savings, investments and insurance group, announced that Group Chief Executive Richard Harvey intends to retire July 11, 2007. The Company’s Board of Directors has named Andrew Moss,...

Aviva Targets 4000 Jobs, $470 Million Cost Savings at Norwich Union

Sep 14 2006 // The U.K.’s Aviva plc announced that its British business Norwich Union has targeted some 4000 jobs for elimination in an initiative to “reduce duplication and improve efficiency to deliver annual cost savings...

Business Moves

Aug 7 2006 // Cooper Gay & Cashman, Cooper Gay IntermediariesIndependent reinsurance brokers, Cooper Gay (Holdings) Ltd., headquartered in London, renamed its U.S. domestic treaty operation Cooper Gay Intermediaries LLC. Based in...

London-based Aviva PLC Aquires Iowa’s AmerUs for $2.9 Billion

Jul 14 2006 // Aviva PLC, Britain’s largest insurance company, said Thursday it will take over U.S. life insurance company AmerUs Group Co. in a $2.9 billion deal that will expand the U.K. insurer’s reach into the U.S....

Aviva Receives New China License

Apr 26 2006 // The U.K.’s Aviva Plc announced that it has received regulatory approval for its joint-venture company, Aviva-COFCO, to open a branch office in the city of Jinan, the capital of Shandong province on China’s East...