The transactions are subject to customary closing conditions, including regulatory and anti-trust approvals, and are expected to complete in the second half of 2021.

The news follows the sale of Aviva’s French operation.

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

The aim is to "transform its customer experience through innovation."

Mark succeeds Euan Munro who, after seven years as CEO of Aviva Investors, will take up a role outside of Aviva.

As part of this collaboration, Aviva has entered into a three-year agreement to offer capacity on mid-market global Commercial Property business written by Dale’s Property Insurance team and focusing primarily in the USA.

As part of the transaction, Manulife will enter into a new distribution agreement with Aviva Vietnam’s bancassurance partner, Vietinbank.

Launched earlier this year and led by founder and CEO Sai Lakshmi, Caura is a mobile app designed to manage all of the vehicle-related admin that car owners endure.

Aviva announces that it has agreed to sell its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita, to its partner UBI Banca.

Prudential’s first transaction in the emerging funded reinsurance market closed in June with UK insurer Aviva. 

By more than halving the number of questions that customers would typically have to answer to get a home insurance quote, the average customer can get an online quote in  under three minutes.

Under the revised structure, Aviva has sold a 76% shareholding in Friends Provident International Limited (FPIL) to International Financial Group Limited (IFGL) for £259 million, of which £209 million is in cash and £50 million in deferred cash consideration.

For family health reasons Maurice Tulloch, the previous Chief Executive, has today stepped down from the role and retired from his position on the Aviva plc Board.

Aviva announced it has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva’s joint venture partner, PT Astra...