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Aviva PLC (AV.L)

AV.L on London Stock Exchange

526.50GBp
26 May 2017
Change (% chg)

-4.50 (-0.85%)
Prev Close
531.00
Open
531.50
Day's High
531.50
Day's Low
525.50
Volume
11,140,147
Avg. Vol
10,313,775
52-wk High
570.50
52-wk Low
290.00

Latest Key Developments (Source: Significant Developments)

Aviva CEO says firm plans small deals in insurtech, AI
Wednesday, 24 May 2017 06:34am EDT 

May 24 (Reuters) - Aviva :CEO Mark Wilson says firm plans small acquisitions in 'insurtech', artificial intelligence, but nothing imminent..  Full Article

Aviva says regulatory Solvency II capital positon 172 pct
Friday, 19 May 2017 02:23am EDT 

May 19 (Reuters) - Aviva :Says regulatory Solvency II capital position is 172 percent, within working range..Says Solvency II coverage ratio gets 33 percent points benefit from transitional provisions; excluding relief, coverage ratio 139 percent..  Full Article

Aviva sells stakes in some Spanish JVs for 475 mln euros
Wednesday, 10 May 2017 02:10am EDT 

May 10 (Reuters) - Aviva Plc :Aviva announces sale of its 50 pct shareholdings in life insurance and pension joint ventures Unicorp Vida 1 and Caja Espana Vida 2, as well as its retail life insurance business Aviva Vida y Pensiones 3 , to Santalucía 4.Total consideration of transaction is 475 million euros ($517.37 million).In Spain, Aviva will continue to hold shareholdings in life insurance joint ventures with Caja Granada and Cajamurcia, both part of Banco Mare Nostrum, and Pelayo Group 5.  Full Article

Aviva acquires entire shareholding in Vietnam JV
Friday, 21 Apr 2017 04:00am EDT 

April 21 (Reuters) - Aviva Plc ::Aviva acquires entire shareholding in vietnam JV.Acquisition of Vietinbank's entire 50 pct shareholding in its life insurance joint venture Vietinbank Aviva Life Insurance Limited.And signing of a new distribution agreement with Vietinbank to sell life and health insurance products through Vietinbank's network of over 1,100 branches.Transaction is subject to customary closing conditions including regulatory approvals..As a result of transaction, Aviva Vietnam is now a wholly owned subsidiary of Aviva.Insurance industry is expected to benefit from country's projected gdp growth of more than 6 pct annually over next three years..  Full Article

Aviva CEO pay drops 20 pct in 2016 to $5.5 mln - annual report
Tuesday, 28 Mar 2017 04:23am EDT 

Aviva : Ceo mark wilson paid 4.35 million pounds ($5.47 million) in 2016 versus 5.44 million in 2015 - annual report Further company coverage: [AV.L] ($1 = 0.7947 pounds) (Reporting By Carolyn Cohn) ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Aviva looks to sell Friends Provident International for up to $750 mln- WSJ, citing sources
Tuesday, 28 Mar 2017 01:29am EDT 

: UK's Aviva looks to sell Friends Provident International for up to $750 million - WSJ, citing sources .Potential buyers for the unit include China's Fosun - WSJ, citing sources.  Full Article

Aviva Ventures invests in diagnostics company Owlstone Medical Ltd
Monday, 27 Mar 2017 05:48am EDT 

Aviva Plc : Aviva ventures, Aviva Plc's venture capital arm, today announces its investment in Owlstone Medical Ltd, a medical diagnostics company .Aviva ventures' investment takes Owlstone Medical's total funding to $23.5 million since its spin out of Owlstone Inc in 2016.  Full Article

Aviva CEO says to pay down debt in 2017, may do buyback
Thursday, 9 Mar 2017 03:26am EST 

Aviva Investors' : CEO Mark Wilson says to pay down high-cost debt later in 2017; leaning towards share buyback but no decision yet. . Says focus is on organic growth but will do tactical 'bolt-on' M&A. . Aviva Investors' CEO Euan Munro says not under same pressure to do big M&A as peers losing assets and with higher costs. . Wilson says inflows strong into fixed income and infrastructure debt. . Wilson says Ogden Rate move 'disjointed', backs government move to review it. . Munro says put in a "robust" defence to FCA of active management; doesn't back hard limit on transaction costs. .Munro declines to confirm research cost plans, but says effort of billing to individual funds "may not make economic sense"..  Full Article

Aviva sees discount rate change impacting 2016 IFRS profit
Tuesday, 28 Feb 2017 09:05am EST 

Aviva Plc - : Lord chancellor's review of Ogden discount rate in UK . Aviva expects to take an exceptional charge to its 2016 IFRS profit after tax of approximately 385 million pounds . Estimated impact on group solvency II capital ratio is approximately 2 percentage points from government rate cut . Aviva supports this review process and recognises minus 0.75 pct rate announced by lord chancellor may be revised .Rate change will not affect Aviva's operating profit and there will be no change to dividend policy.  Full Article

Aviva, Hillhouse Capital and Tencent to develop insurance co in Hong Kong
Friday, 20 Jan 2017 03:21am EST 

Aviva Plc : Aviva, Hillhouse Capital and Tencent Holdings Limited have agreed to develop an insurance company in Hong Kong, which will focus on digital insurance . As part of agreement, Hillhouse and Tencent will acquire shares in Aviva Life Insurance Company Limited . Following completion of transaction, Aviva and Hillhouse will each hold 40 pct and Tencent will hold 20 pct shareholdings in Aviva Hong Kong .Transaction is subject to customary closing conditions, including regulatory approval.  Full Article

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UPDATE 2-Legal & General, Aviva plan Ireland moves post-Brexit

* Dublin says other firms to confirm Irish plans shortly (Adds Aviva plans for Irish subsidiaries)