fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Insurance

Aviva Sells French Operation to Aéma Groupe for €3.2 Billion

The transaction will strengthen Aviva’s liquidity and capital with an increase in cash

The Global Economics by The Global Economics
February 24, 2021
in Insurance, Trending
Reading Time: 1 min read
0
Aviva Sells French Operation to Aéma Groupe for €3.2 Billion

Aviva Sells French Operation to Aéma Groupe for €3.2 Billion

49
SHARES
1.8k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Aviva has agreed to take a major step in the transformation of its businesses in Canada, Ireland, and the UK, leading to the sale of Aviva France for Aéma Groupe for €3.2 billion in cash.

Aviva has employed 1,500 at its Life and Health insurance operation in Sheffield and over 2,000 people at its life and general insurance business in York. 

In a statement, the Chief Executive Officer, Amanda Blanc, stated that the sale of Aviva is significant in their strategy and is an excellent consequence for employees, shareholders, customers, and distributors. 

The transaction will bolster Aviva’s financial strength, bring attention to the Group, and remove significant volatility, she said.  

With the increased capital and cash from the transaction, Aviva plans to support its previously communicated capital framework of debt reduction, return of excess capital to shareholders, and investment for long-term growth. 

Aviva France is the biggest chunk of the Group’s manage-for-value portfolio, and the transaction will help reduce the volatility in the Group’s solvency ratio with the removal of exposure-to-interest rate risk from the Eurofonds guaranteed life insurance product. 

As per the transaction with the Aéma Groupe, Aviva will comply with customary warranties and indemnities that will have a trivial impact on Aviva’s solvency position. Aéma Groupe is a leading French mutual insurer with more than €8 billion and €7.4 billion of equity. 

Tags: Aéma GroupeAvivaAviva France
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

China’s March Towards Automobile Dominance
Clean Energy

China’s March Towards Automobile Dominance

by The Global Economics
March 24, 2023
Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market
Real Estate

Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

by Rahil Adnan
March 24, 2023
Singapore Dethrones Tokyo to Take Its Place as Second-Most Expensive Business Travel Destination in Asia
Tourism

Singapore Dethrones Tokyo to Take Its Place as Second-Most Expensive Business Travel Destination in Asia

by Rahil Adnan
March 23, 2023
EV Charger Makers Brace For Slowdown As New Made-In-America Rules Kick In
Energy

EV Charger Makers Brace For Slowdown As New Made-In-America Rules Kick In

by Anuj Singh
March 22, 2023
First Republic Shares Plummet Amid Liquidity Fears
Banking

First Republic Shares Plummet Amid Liquidity Fears

by Anuj Singh
March 21, 2023
Previous
Next
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

Hungary nears agreement with European Union to access nearly $ 30 billion frozen funds

March 24, 2023
China’s March Towards Automobile Dominance

China’s March Towards Automobile Dominance

March 24, 2023
Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

Housing Risk in South Korea Worsened Due to Bizarre $828 Billion Loan Market

March 24, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version