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Aviva PLC (LSE:AV.) is being sued by Butlin's, the seaside resort company, over a £60 million bill and what defines a “storm”.
Aviva's strategy day for its health business yesterday was enlightening said analysts, but ultimately it represents a small part of the business. UK Health accounts for 5% of operating profit and is expected to grow at a 15% CAGR through 2026 to £ 100 million, though Citi notes this was a third higher than its models.
M&G PLC - Legal & General, M&G and Avia in the spotlight as Deutsche eyes growth for UK life Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys' amongst the UK's life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth. The German bank meanwhile rates Aviva PLC (LSE:AV.) and Phoenix Group Holdings PLC (LSE:PHNX) as ‘hold'.
Aviva has diversification in multiple GEO locations and offers a positive upside on CSM growth and individual annuities. The company's capital position is solid, with a Solvency II ratio of 207% and a moderate market risk. Higher guidance with a focus on shareholders' remuneration. Aviva deserves a buy rating.
British insurer Direct Line has hired a new chief financial officer, it said on Wednesday, weeks after fending off takeover interest from Belgian rival Aegas.
Aviva (LON: AV) share price is doing well under Amanda Blanc. In her tenure, the stock has surged by more than 120%, much higher than its closest peers in the UK.
Aviva plc has formally completed the £453 million acquisition of AIG Life Limited from Corebridge Financial. The deal was first announced in September, with Aviva touting “significant capital and expense synergies”.
British insurer Aviva said on Tuesday it had completed the 453 million pound ($574 million) acquisition of AIG's UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date.
Aviva CEO Amanda Blanc is one of the few women leading a blue-chip company in Europe. Soon after taking charge, she led a project to slim down operations and pledged to reverse a share slump.
Jefferies has raised its price target for shares in Aviva PLC (LSE:AV.) after the latter's strategic update, which gave the US investment bank several reasons to be upbeat.