Articles - Aviva sells Czech Republic, Hungary and Romania businesses


 Aviva today announces the sale of Aviva Czech Life, Aviva Hungary Life and Aviva Romania Life & Pensions ("the businesses") to MetLife, Inc. This transaction is consistent with Aviva's strategy to focus on markets where it has strength and scale.

 The transaction, which is subject to regulatory approvals in each jurisdiction, is expected to be completed during 2012. As at 30 June 2011, the combined net assets of the businesses were approximately €57 million.

 Andrew Moss, group chief executive of Aviva, said:

 "We are pleased to have agreed the sale of our businesses in Czech Republic, Hungary and Romania to MetLife. This transaction is another step to further focus the group on our priority markets."

Back to Index


Similar News to this Story

Group income protection a tool most employers miss out on
The UK government is keen to reduce the number of long-term sick people of working age. But organisations are overlooking a benefit which could avert
How to reduce costs and improve retirement outcomes
When the Tapered Annual Allowance (TAA) was introduced in 2016, it had the potential to impacted anyone with taxable income of £110k or more. Exceedin
Exploring the intellectual property insurance landscape
Intangible assets as a percentage of enterprise value have increased exponentially. While not physical in nature, inventions, brands, all works of cre

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.