aviva asia to acquire majority stake
Aviva Asia is to acquire around 81% of the holding company which owns Professional Investment Advisory Services Pty (PIAS), one of the largest financial advisory firms in Asia.
Aviva Asia is to acquire around 81% of the holding company which owns Professional Investment Advisory Services Pty (PIAS), one of the largest financial advisory firms in Asia.
Avivas higher growth overseas markets boosted the group’s results in the first half of this year with Singapore standing out in delivering solid double digit life and pension sales growth.
Aviva, the UKs largest insurer, has completed the sale of its Czech, Hungarian and Romanian life businesses to local subsidiaries of global insurance provider MetLife.
Bidding for Avivas Malaysian insurance business has entered a second round, with four potential buyers still in the running for the deal which is estimated to be worth about $500m, according to media reports.
Aviva is to exit from its South Korea business, Italian partnerships and UK large scale bulk purchase annuities as part of its expected overhaul of the entire worldwide business.
Aviva could close or sell-off up to 15 businesses as part of a strategic review, according to reports.
Aviva Investors has launched the Global Short Duration High Yield Bond Strategy for institutional investors.
Insurance giant Aviva is rumoured to be putting its South Korean and Sri Lankan businesses up for sale, according to a report from the Reuters news association.
John Botham is the highest profile of three European equity fund managers to leave Aviva Investors following a recent review of its business.
John Botham is the highest profile of three European equity fund managers to leave Aviva Investors following a recent review of its business.
Aviva plans to sell its Czech Life, Hungary Life and Romania Life & Pensions businesses to US insurance giant Metlife, according to a London Stock Exchange announcement.
Aviva is to pull out of the Middle East and has written to regional and international IFAs informing them of its decision to terminate its business partnership with a Dubai-based insurer.