Aviva’s no longer a couch potato
Aviva reported higher 2015 earnings and disclosed its capital buffer for the first time, aka a Solvency II ratio of 180%*. That means Aviva can keep on investing in its businesses, make acquisitions and consider returning capital to shareholders, according to CEO Mark Wilson, who says the company is no longer a ‘couch potato’. Also, Aviva announced the sale of private health insurer Aviva Health Insurance Ireland Limited to Irish Life; a move in line with the company’s ‘not everywhere’ strategy. Last, Aviva appointed Colm Holmes as CEO of Aviva UK General Insurance business reporting to Chairman, Maurice Tulloch. *A ratio of 100 means a firm has sufficient capital to withstand the kind of shock that happens once in 200 years.