UK’s Aviva to Sell Asia/Middle East Life Unit to Focus on Core Markets
The sale, which follows a strategic review, will allow Aviva to further reallocate capital to businesses that can bring higher returns and grow its business across Asia, the insurer said.
“Aviva has concluded that the business is not central to the group’s strategy to focus on a small number of markets where it has scale and profitability or a distinct competitive advantage,” it said in a statement on Wednesday.
(Reporting by Noor Zainab Hussain in Bengaluru; editing by Simon Jessop)
Copyright 2024 Reuters. Click for restrictions.