AVIVA

Aviva plc/ˈævɪvə/ or/ˈəviːvə/ is a British multinational insurance agency headquartered in London, United Kingdom. It has about 31 million clients over 16 countries. In the UK Aviva is the biggest general guarantor and a main life and benefits supplier. What's more, Aviva has an attention on five business sectors in Europe and, in Asia, the group is centered around the development markets of China and South East Asia. Aviva is likewise the second biggest general safety net provider in Canada.

Aviva has an essential posting on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has an elective  posting on the New York Stock .

The name of the organization upon its arrangement in May 2000 was CGNU plc.[4] In April 2002 the organization's shareholders voted to change the organization name to "Aviva plc", a developed word got from "viva", the Latin "forever" and intended to be short, critical and work worldwide. In April 2008 Aviva declared that it would receive the "Aviva" name as its overall customer confronting brand, and that the Norwich Union brand would be eliminated in the United Kingdom.

History

Aviva can follow its history back to the foundation of the Hand in Hand Fire & Life Insurance Society in London in 1696. It was made by a merger of two British protection firms, Norwich Union and CGU plc (itself complete by the 1998 merger of Commercial Union and General Accident[9]) as CGNU in 2000. The Aviva name was received in July 2002. Thereafter, a great portion of the gathering operations, aside from some solid area brands, were done under the uniform product "Aviva". Amid March 2005 Aviva obtained the RAC plc breakdown recuperation operation for about £1.1 billion. In July 2006, Aviva incredibly expanded its vicinity in the United States by procuring AmerUs Group, a Des Moines-based currency  related administrations organization established in 1896 in a $2.9 billion (£1.6 billion) deal.[13] AmerUs Group was rebranded as Aviva USA when the obtaining was finished. The Company kept on utilizing the Norwich Union name as an exchanging name in the UK until 1 June 2009 when it got to be formally known as Aviva inside the United Kingdom. The dispatch was upheld by a £9 million promoting crusade to advance the rebranding (a standout amongst the most costly ever in the UK protection field), with the cooperation of famous people including Bruce Willis and Alice Cooper. In June 2009 the Company chose to discard Navigator, its Australian riches administration business, to National Australia Bank for A$825 million (£401 million). In October 2009 the organization chose to concentrate on its business protection part and show its dedication to merchants by dispatching their 'discover a dealer' office, utilizing the British Insurance Brokers Association web index. To help them with this try, Paul Whitehouse was enrolled to fill the role of a fruitful hair stylist running three salons. The message of the crusade concentrated on business protection through protection brokers. The end line of the battle was "We're ready to go to keep you in business". In September 2011, Aviva finished the offer of RAC plc breakdown recuperation operation for £1.0 billion to The Carlyle Group. In February 2012, Aviva sold its word related wellbeing business to the British bolster administrations organization Capita. In July 2012, Aviva declared arrangements to offer or close 16 non-center organizations to disentangle its exercises and support shareholder returns. As a feature of the arrangements Aviva reported the offer of its operations in South Korea and the conclusion to new business of its mass purchasing annuity unit in the United Kingdom. In August 2012, Aviva reported that up to 800 employments would be lost after a rearrangement brought about by further turmoil in the Eurozone. In December 2012, Aviva consented to offer Aviva USA Corporation to Athene Holding for US$1.8 billion (£1.1 billion) as a major aspect of an arrangement to enhance shareholder returns and decrease the bunch's capital requirements. Athene along these lines sold the life coverage business of Aviva to Global Atlantic. In December 2014, Aviva concurred terms for a 5.6 billion pounds all-offer takeover of Friends Life Group. Andy Briggs, current gathering CEO of Friends Life, will get to be CEO of Aviva UK Life, with Mark Wilson proceeding as CEO of the expanded Aviva.