Aviva plc has reported a stellar performance in its Q3 2024 trading update, showcasing resilience and growth amidst dynamic market conditions. The UK-based insurance giant has leveraged its diversified portfolio and strategic focus on customer engagement to achieve double-digit growth across multiple business segments. The update revealed a 15% year-on-year growth in general insurance premiums, […]
In a significant expansion move, Aviva plc has finalized the acquisition of Probitas Holdings (Bermuda) Limited for a total consideration of £249 million. This strategic purchase, first announced on March 4, 2024, not only enhances Aviva’s capabilities but also marks its entry into the prestigious Lloyd’s market. The acquisition encompasses Probitas’s fully-integrated Lloyd’s platform, including […]
Corebridge Financial, Inc. (NYSE: CRBG), a leading entity in the life and retirement products sector, has successfully concluded the sale of its UK-based life insurance business, AIG Life Limited, to Aviva plc, one of the foremost names in the financial services industry. This transaction, valued at £453 million, marks a significant milestone for Corebridge, allowing […]
In a significant move within the insurance and finance sectors, Aviva plc has successfully completed the disposal of its shareholding in Singapore Life Holdings Pte Ltd (Singlife) along with two debt instruments, accumulating total proceeds of £937 million (SGD 1.6 billion). This transaction marks a pivotal step in Aviva plc’s strategy to streamline its operations […]