Aviva
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| Aviva plc | |
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| Type | Public (LSE: AV.) |
| Founded | 2000 |
| Headquarters | London, England, UK |
| Key people | Lord Sharman, Chairman Andrew Moss, CEO |
| Industry | Insurance |
| Products | Life insurance Pensions |
| Revenue | £40,645 m (2007) |
| Operating income | £2,228 m (2007) |
| Net income | £ 1,505 m (2007) |
| Employees | 59,000 (as of 30-6-07) |
| Website | http://www.aviva.com |
Aviva plc (LSE: AV.) has a corporate lineage dating back to 1696 and is the world's fifth-largest insurance group, the largest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis[citation needed]. It is one of the leading providers of life and pension products in Europe and has a presence in 25 countries worldwide, notably France and The Netherlands.
Aviva plc is not associated with Aviva Energy Corp., an energy consulting firm based in the U.S.
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[edit] History
The Company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc[1] (itself created by the 1998 merger of Commercial Union and General Accident[2]) in 2000. The Aviva name was adopted in July 2002. The Company continued to use the Norwich Union name as a trading name within the United Kingdom, but on 29 April 2008 announced that they would be changing to Aviva[3].
In July 2006, Aviva greatly increased it’s presence in the United States by acquiring AmerUs Group, a financial services company founded in 1896.[4]
On 10 January 2007, it was announced that CEO Richard Harvey would retire on 11 July 2007. His successor was Andrew Moss, the former group finance director.[5]
[edit] Activities
The Company's main activities are general and life insurance as well as long-term savings and fund management. It has around £316 billion of assets under management.[6] The group has just under 55,000 employees, including just under 35,000 in the UK, serving 35 million customers worldwide.
[edit] Companies
- United Kingdom
- Norwich Union Life (NUL) - Pensions, investments and long term savings
- Norwich Union Insurance (NUI) - General Insurance
- Morley Fund Management - Fund Management
- RAC - Breakdown recovery
- United States of America - Aviva USA Corporation
- Ireland
- Hibernian Group
- Vivas Health (70%, other 30% owned by AIB)
- Poland - Commercial Union
- Holland - Delta Lloyd
- Canada - Pilot
- France - Eurofil
- Federation of Bosnia and Herzegovina - Adrian Banka
- Australia
- China - Aviva-Cofco
- India
- Malaysia - CIMB Aviva
- Singapore
- Turkey
- Taiwan - First Aviva (in chinese language)
- Sri Lanka
- Russia
[edit] Company Name
The company name, Aviva, is a Hebrew name meaning Spring or Renewal (as in Tel Aviv).[7] It is pronounced Ah-Vee-Vah.
[edit] Sponsorship
In May 2008 Aviva became Norwich City Football Club's main sponsors.[8]
[edit] References
[edit] See also
[edit] External links
[edit] Notes
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