Following a group strategy review, Aviva has today announced its simplification into five operating divisions: Investments, Savings & Retirement, UK Life, General Insurance, Europe Life, and Asia Life. Aviva has also agreed to sell its stake in its Hong Kong joint venture Blue to its partner Hillhouse Capital, and is in discussions with partners in relation to its business in Vietnam and its joint venture in Indonesia.
Aviva has reaffirmed its progressive dividend policy, its deleveraging plan and its commitment to maintaining the financial strength of the group. CEO Maurice Tulloch outlined Aviva’s plan to invest extensively in the business over the next three years and stated this investment will be used to fund new business growth, especially in high-growth areas including general insurance and general savings, and retirement “where there’s a real potential for growth.”
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