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UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal

Dec 31 2024 // British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday [Dec. 23], creating the UK’s...

Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

Dec 23 2024 // Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer.Each Direct Line shareholder will be entitled to receive...

Aviva’s India Officials Approved Brokerage Model Queried by Taxmen

Dec 13 2024 // An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company...

Aviva CEO Amanda Blanc Conquers Detractors and Direct Line

Dec 6 2024 // Amanda Blanc is determined to steer Aviva Plc to one of the biggest takeovers in its history, a highlight in a storied insurance career where she’s stood up to challenges including activist shareholders and sexist...

Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line

Dec 6 2024 // Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a deal that would create the UK’s largest motor insurer.London-listed Aviva sweetened its bid in...

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