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Wilson must persuade investors the purchase of Friends Life will prove more successful than the merger that created Aviva.
Aviva Plc's operating income rose 6 percent to 2.05 billion pounds ($3.4 billion) in the 12 months to Dec. 31.
Aviva shares tumbled last week after the company announced a net loss of £3 billion for 2012 and a chopped second-half dividend.
Mark Wilson, the former CEO and president of AIA Group, will take the helm January 1.
The U.K.-based insurer expects to sell at a discount to book value as their restructuring plan continues.
The U.K. insurer has targeted £400 million in expense reductions, but no mention of the fate of Aviva USA.
The sale of Aviva USA may be closer to reality after the acting head of the unit’s U.K.-based parent company stated that the company will...
After weeks of speculation about the sale of its U.S. division, the acting head of Aviva PLC says the company will consider the sale of...
The company gave no explanation for the decision by Andrew Moss to step down a week after shareholders voted against the company’s decisions on executive...
The indexed annuities market is likely to easily find capacity to replace Aviva if the second largest factor in the equity-index annuity market decides to...
A record 159,889 candidates from 174 countries registered to sit for the exam last month.
The growing market surrounding the "Internet of Things" is poised to merge with the insurance marketplace, and insurers that prepare will future-proof their business.