Aviva is the world's seventh-largest insurance group and the biggest in the UK. Aviva is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world.
Aviva's main activities are long-term savings, fund management and general insurance. Aviva has premium income and investment sales from continuing operations of £28 billion, and more than £200 billion of assets under management. The Aviva group has 59,000 employees and 25 million customers worldwide.
Richard Harvey FIA, aged 52 became Aviva's group chief executive in April 2001, having been appointed to the board as deputy group chief executive in May 2000. Non-executive chairman of Norwich Union Life, Aviva's long-term savings business in the UK, from July 2003. Joined Norwich Union in 1992. Held senior positions in New Zealand and the UK before joining the Norwich Union board in 1995 and becoming group chief executive in 1998.
Aviva's main businesses are involved in life assurance and long-term savings, fund management and general insurance in the United Kingdom, continental Europe, North America, Asia and Australia. The group employs 59,000 staff and has 25 million customers worldwide.
The group changed its name to Aviva plc from CGNU plc in July 2002. Most of their trading operations will be branded Aviva in due course, except in the case of strong local brands and some specialist business names, including: Norwich Union (UK), Hibernian (Ireland), Delta Lloyd (the Netherlands), Commercial Union (Poland), Eurofil (France), Navigator (Australia), Pilot (Canada) and Morley Fund Management.
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.
The Aviva group has subsidiaries, associates and branches in the United Kingdom, continental Europe, North America, Asia, Australia and other countries around the world, employing a total of 59,000 staff.
The Aviva brand identity, launched on 1 July 2002, brings together some 50 different trading names around the world. Most of the group's businesses will be branded Aviva in due course, except in those countries where the group's existing brands are very strong.
Aviva Plc ("Aviva") has previously announced its intention to increase its holding in UniCredito Italiano through an exchange of shares held by Aviva in Société Générale.
Aviva announced that Mike Biggs has given notice of his resignation from his position as group finance director, having decided to take a break to consider the next stage in his career. He will continue as group finance director until 31 December 2003 when he will leave the company.
Mike Biggs, 50, has worked in the insurance industry for 12 years and was formerly finance director of Norwich Union prior to the merger in 2000 with CGU to create the company that is now Aviva. At Norwich Union, he played a major part in the company's demutualisation and during the merger process, as chairman of Norwich Union General Insurance, he successfully managed a rapid and effective programme of integration. Subsequently, as group finance director of Aviva, he has played a leading role in the successful completion of key phases of the group's development, including reshaping Aviva's portfolio of businesses and transforming the company's finance function.
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