Reinsurance News

Aviva

Lemonade partners with Aviva amid UK launch

3rd October 2022

US-based insurtech Lemonade has launched in the UK, entering a long-term, strategic partnership with Aviva. Lemonade states that residents across the UK can now get access to its insurance contents instantly, from anywhere, on any device, as well as file claims and get paid in seconds. Daniel Schreiber, Lemonade co-CEO and co-founder, ... Read the full article

Aviva sees operating profits rise 14% in H1 2022

10th August 2022

Aviva is reporting in its interim reports for 2022 that its operating profit rose by 14% to £829m in the first half of the year. The firm marked the increase from the same point in 2021 when operating profits stood at £725m. Amanda Blanc, group chief executive officer of the firm, said: ... Read the full article

UK fraudulent claims increased by 13% in 2021, Aviva

27th May 2022

London-headquartered insurer, Aviva has published its report on insurance claims fraud for 2021 in the UK, which showed that the number of fraudulent claims increased by 13% last year. Aviva also uncovered more than 11,000 instances of claims fraud last year that were worth more than £122 million. The insurer also stated ... Read the full article

Aviva posts record Q1 general insurance premiums

18th May 2022

Insurer Aviva has reported gross written premium (GWP) growth of 5% in its General Insurance business for the first quarter of 2022, to £2.1 billion. The Q1 2022 total is a record for the segment and comes after GWP of £2 billion in Q1 2021, driven by strong sales in commercial ... Read the full article

Aviva names Charlotte Jones as CFO

4th April 2022

London-headquartered insurer Aviva has appointed Charlotte Jones as Chief Financial Officer (CFO) and Executive Director which will come into effect in September. Jones was previously CFO of RSA Insurance plc and Interim Chief Executive Officer of the RSA UK & International business. She has held a career in financial services including as ... Read the full article

Aviva adjusts its Board and Committees

25th February 2022

Aviva is shaking up its Board and Committees, according to a statement from the insurer. It said that Belen Romana Garcia and Patricia Cross will retire from the Board following the conclusion of the Company’s AGM on 9 May 2022, having served eight and seven years respectively. Meanwhile, Andrea Blance has ... Read the full article

Aviva CFO Jason Windsor to step down

13th January 2022

London-headquartered insurer Aviva has announced that Jason Windsor has resigned from his position as Chief Financial Officer (CFO) and as a Director of the Company. Windsor will leave with effect from July 2022 to take up the position of CFO at Persimmon, a British housebuilding company, headquartered in York. Over the next ... Read the full article

Aviva concludes divestment program with Vietnam sale

30th December 2021

London-headquartered insurer Aviva has finalised the sale of its life insurance business in Vietnam to Manulife, which was first announced a year ago. The business has been sold for an all cash consideration in a transaction that’s expected to increase the company’s IFRS Net Asset Value and Solvency II surplus ... Read the full article

Aviva officially exits Italian market

1st December 2021

Aviva has now fully exited the Italian market following a €543 million sale of various life insurance businesses to CNP Assurances. The UK insurer had previously offloaded its general insurance business to Allianz €330 million, in a deal that was finalised last month. That deal with Allianz involved a portfolio equally ... Read the full article

Aviva’s General Insurance GWP rises to £6.5bn in 9M

11th November 2021

General Insurance premiums written by UK insurer Aviva grew 5% in the first nine months of 2021, reflecting solid customer retention and new business wins, particularly in commercial lines. UK&I life sales were £25.3 billion, up from £21.8 billion in the prior year quarter, while strong growth was seen in Savings ... Read the full article

Aviva adds Martin Strobel as independent non-exec director

25th October 2021

Aviva has announced the appointment of Martin Strobel as an independent non-executive director, effective immediately Strobel was most recently the senior independent director of RSA Insurance Group and has held a number of senior roles during his career. Previous positions include group CEO of Baloise-Holding AG, Operating Partner of Advent International and time spent ... Read the full article

Aviva completes sale of Italian business to Allianz

1st October 2021

Aviva has announced the completion of the sale of its Italian General Insurance business, Aviva Italia S.p.A., to Allianz for a cash consideration of €330 million. First announced in March, the portfolio is equally distributed between motor and non-motor business segments with gross written premiums of around €400 million. In total, nearly ... Read the full article

Aviva names Andrea Montague as Chief Risk Officer

22nd September 2021

Aviva has announced the appointment of Andrea Montague as Chief Risk Officer, reporting to Group CEO Amanda Blanc. She will join Aviva’s Executive Committee along with Chief Information Officer John Cummings. Montague joined Aviva in April 2020 as Group Chief Financial Controller and has previously worked at Royal London and Standard Life ... Read the full article

Aviva inks £190mn bulk annuity deal

28th May 2021

London headquartered insurer Aviva has completed a £190 million bulk purchase annuity buy-in transaction with the Trustees of the Wyeth Group Pension and Life Assurance Scheme. The sponsoring employer, John Wyeth & Brother Limited, is part of the Pfizer Group, one of the world’s largest biopharmaceutical companies. Aviva will insure the defined ... Read the full article

Aviva UK names Adam Winslow as new CEO

27th May 2021

London-based insurer Aviva has appointed Adam Winslow as Chief Executive Officer (CEO), UK & Ireland General Insurance. Winslow brings over 20 years’ experience in the general and life insurance industry, including roles at AIG and Allianz. He has experience within senior management in personal and commercial lines across operations and broker relationships. Earlier ... Read the full article