Aviva

From Wikipedia, the free encyclopedia

(Redirected from CGNU)

Aviva plc

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	£45,377 m (2006)
Operating income	£3,323 m (2006)
Net income	£ 2,389 m (2006)
Employees	59,000 (as at 30-6-07)
Slogan	Forward Thinking
Website	www.aviva.com

Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest 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 pensions products in Europe and has a presence in 25 countries worldwide, notably France and The Netherlands. The company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc (itself created by the 1998 merger of Commercial Union and General Accident) in 2000. The Aviva name was adopted in July 2002. The company still uses the Norwich Union name within the United Kingdom.

Its main activities are long-term savings, fund management and general insurance. It has around £332 billion of assets under management. The group has just under 55,000 employees, including just under 35,000 in the UK, serving 35 million customers worldwide. Aviva plc is the holding company of the Aviva group of companies, which carries out life assurance and long-term savings business, fund management and all classes of general insurance. It also invests in securities, properties, mortgages and loans, and trades in property.

Aviva approached the UK's other insurance giant Prudential in March 2006, with a view to merging to form the world's fifth largest insurance player, but withdrew once it became clear the Prudential's board would not consider the suggestion.

On 10 January 2007, it was announced that CEO Richard Harvey would retire on 11 July 2007. He has been succeeded by Andrew Moss, the former group finance director.

1 Companies
2 Company Name
3 See also
4 External links

- 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
- Ireland - Hibernian Group
- 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
- Taiwan - First Aviva
- Sri Lanka
- Eagle Insurance PLC - Life & General Insurance