![]() |
Aviva announces the sale of private health insurer, Aviva Health Insurance Ireland Limited (Aviva Health) to Irish Life. Aviva holds a 70% stake in Aviva Health, a joint venture with AIB which owns the remaining 30%. |
The sale is in line with Aviva’s “Not everywhere” strategy of allocating capital to areas where we can generate strong returns. Aviva Ireland’s general insurance and life & pensions businesses are unaffected by today’s announcement and business will continue as usual. Existing customers, corporate partners and brokers will see no immediate change as a result of today’s announcement. The transaction is subject to regulatory approval and is expected to complete by the third quarter of 2016. At the half year 2015, Aviva Ireland Health had gross written premium of €163m, 1% of Aviva’s global gross written premium of £11bn. Hugh Hessing, CEO, Aviva Ireland, said: "Since acquisition in 2008, Aviva Health has contributed positively to Aviva Ireland’s overall performance. However, the private health insurance market requires scale to deliver strong returns. Aviva Ireland will therefore focus on our two successful, core businesses of life and general insurance. This will allow us to continue to offer better products and services to over 750,000 Aviva Ireland customers.” |
|
|
|
| Senior Pricing Analyst - Travel Insur... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| BPA Analyst - Non-actuarial | ||
| North West / hybrid 50/50 - Negotiable | ||
| Financial & Insurance Risk Actuary | ||
| Scotland / hybrid 2 dpw office-based - Negotiable | ||
| Pensions (Scheme) Regulation Director... | ||
| London or Birmingham with flexible hybrid working - Negotiable | ||
| Cross-Asset Structurer - International | ||
| Zurich - Negotiable | ||
| BPA Transition Manager | ||
| South East - Negotiable | ||
| Calling all technical pensions specia... | ||
| North West with a range of hybrid working options - Negotiable | ||
| Take the lead on London Market pricing | ||
| London – 3 days per week in the office - Negotiable | ||
| Head of Capital | ||
| London - Negotiable | ||
| Divisional Reinsurance Actuary | ||
| London - £170,000 Per Annum | ||
| Associate - BPA Origination & Execution | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Data Manager (Pensions) | ||
| Manchester or London / hybrid 2-3 dpw office-based - Negotiable | ||
| Defined Benefits Pensions Manager - C... | ||
| Manchester or London / hybrid 2-3 dpw office-based - Negotiable | ||
| DB Pensions Senior Manager | ||
| Manchester or London / hybrid 2-3 dpw office-based - Negotiable | ||
| Reserving & Capital Actuary | ||
| London – 2 days per week in the office - Negotiable | ||
| The Strategist - Market Pricing | ||
| South East / remote with 1 day per month in the office - Negotiable | ||
| M&A Actuarial Analyst - Non-life | ||
| London / hybrid with 2 days p/w office-based - Negotiable | ||
| Move to Life | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Actuarial Risk and Capital Consultant | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Actuarial Systems Consultant | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.