Aviva


Aviva

Infobox_Company
company_name = Aviva plc
company_
company_type = Public (lse|AV.)
company_slogan = Forward Thinking
foundation = 2000
location = flagicon|UK London, England, UK
key_people = Lord Sharman, Chairman
Andrew Moss, CEO
num_employees = 59,000 (as of 30-6-07)
revenue = £40,645 m (2007)
operating_income = £2,228 m (2007)
net_income = £ 1,505 m (2007)
industry = Insurance
products = Life insurance
Pensions
homepage = http://www.aviva.com

Aviva plc (lse|AV.) has a corporate lineage dating back to 1696 and is the world's fifth-largest insurance group, the largest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis.Fact|date=September 2007 It is one of the leading providers of life and pension products in Europe and has a presence in 25 countries worldwide, notably France and The Netherlands.

Aviva plc is not associated with Aviva Energy Corp., an energy consulting firm based in the U.S.

History

The Company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc [ [http://news.bbc.co.uk/1/hi/business/649600.stm CGU and Norwich Union merge] ] (itself created by the 1998 merger of Commercial Union and General Accident [ [http://findarticles.com/p/articles/mi_hb5249/is_199803/ai_n20019040 Commercial Union, General Accident join] ] ) in 2000. The Aviva name was adopted in July 2002. The Company continued to use the Norwich Union name as a trading name within the United Kingdom, but on 29 April 2008 announced that it would be changing to Aviva.cite news|url=http://news.bbc.co.uk/1/hi/business/7373319.stm|title=Norwich Union brand to disappear |publisher=BBC News|date=2008-04-29|accessdate = 2008-04-29]

In July 2006, Aviva greatly increased its presence in the United States by acquiring AmerUs Group, a financial services company founded in 1896. [ [http://findarticles.com/p/articles/mi_m0EIN/is_2006_Nov_15/ai_n27054412 AmerUS completes Aviva merger] ]

CEO Richard Harvey retired on 11 July 2007. His successor was Andrew Moss, the former group finance director. [ [http://findarticles.com/p/articles/mi_kmafp/is_200701/ai_n17098285 Aviva lines up new Chief Executive] ]

Operations

The Company's main activities are general and life insurance as well as long-term savings and fund management. It has around £316 billion of assets under management. [ [http://www.aviva.com/files/reports/2007ar/index.asp?pageid=23 Aviva plc Annual Report 2007] ] The group has 57,000 employees, including just under 35,000 in the UK, serving 45 million customers worldwide.

Companies

* - 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
* - United States of America - Aviva USA Corporation
* - Ireland
** Hibernian Group
** Vivas Health (70%, other 30% owned by AIB)
* - Poland - Commercial Union
* - Netherlands - Delta Lloyd Groep
* - Canada - Aviva Pilot, Aviva Traders,Aviva Elite, Aviva Scottish and York, Aviva Insurance Company of Canada, S&Y Insurance Company
* - France - Eurofil
* - Republika Srpska - Jahorina Banka (cyrllic)
* - Australia
* - China - Aviva-Cofco
* - India
* - Malaysia - CIMB Aviva
* - Singapore
* - Turkey
* - Taiwan - First Aviva (in Chinese language)
* - Sri Lanka
* - Russia
* - Lithuania

Company name

The company name, Aviva, is a Hebrew name meaning Spring or Renewal (as in Tel Aviv). [ [http://www.emohel.com/naming.htm Hebrew naming guide] ] It is pronounced Ah-Vee-Vah.

Sponsorship

In May 2008 Aviva became Norwich City Football Club's main sponsor. [ [http://www.eufootball.biz/Sponsorship/0205082-Norwich-City-Aviva.html EU Football] ]

ee also

* European Financial Services Roundtable

References

External links

* [http://www.aviva.com Aviva plc]
* [http://www.avivaoceanracing.com Aviva Ocean Racing]


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