Aviva completes sale of Aviva Italia
Authored by Aviva
Aviva plc has announced the completion of the sale of its Italian General Insurance business to Allianz and has received £284 million* (€330 million) in cash consideration. The transaction was announced on 4 March 2021.
*Using FX spot rate of £1/€1.16
About Aviva
Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.
In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price. Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running. youTalk-insurance sharing Aviva insurance news and video.