AVVIY Stock Recent News

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.

Aviva plc had officially completed its exit from Singapore Life Holdings through a £937 million disposal. The FTSE 100-listed insurance firm first announced the disposal of its 25.9% stake in Singapore Life to Sumitomo Life in September 2023.

Aviva completed the sale of its 25.9% stake in Singapore Life Holdings, plus two debt instruments, for a combined 937 million pounds ($1.19 billion), the company said in a statement on Monday.

Aviva plc (OTCPK:AVVIY) Q4 2023 Earnings Conference Call March 7, 2024 3:30 AM ET Company Participants Amanda Blanc - Chief Executive Officer Charlotte Jones - Chief Financial Officer Conference Call Participants Andrew Sinclair - Bank of America Ashik Musaddi - Morgan Stanley Nasib Ahmed - UBS Rhea Shah - Deutsche Bank Andrew Crean - Autonomous Dominic O'Mahony - BNP Paribas Exane Larissa Van Deventer - Barclays Mandeep Jagpal - RBC Capital Markets Thomas Bateman - Berenberg William Hawkins - KBW Steven Haywood - HSBC Barrie Cornes - Panmure Gordon Bingdi Fan - JPMorgan Amanda Blanc Okay. Good morning, everyone and thank you for joining our Full Year 2023 Results Presentation.

British insurance multinational Aviva plc's full-year results were positively received by the market on Thursday, with shares adding 1.5% to a year-to-date high of 461.8p. Chief executive Dame Amanda Blanc used the strong results, which underscored better-than-expected operating profits of £1.47 billion, to tout the insurer's successes while nixing lingering rumours of international takeover interest.