Aviva relaunched as Accordia Life by Global Atlantic | IFAwebnews.com.
Aviva
Aviva Confirms Additional 326 Planned Layoffs – Des Moines Register Staff Blogs
The planned job eliminations mean that about 780 of the 1,800 people employed at Aviva USA on May 1 have either left or been told their jobs are being eliminated. That’s 43 percent of the workforce at a time when states are spending millions to battle one another for jobs.
via Aviva confirms additional 326 planned layoffs | Des Moines Register Staff Blogs.
Insurer Aviva to cut 2,000 Jobs
Aviva cut 2,500 jobs globally last year and has made annualized cost savings of 275 million pounds through its efforts so far.
via Insurer Aviva to cut 2,000 jobs and redundancy payouts – chicagotribune.com.
The ax is falling in the UK.
Layoffs Likely at Aviva | The Des Moines Register | desmoinesregister.com
Aviva Sells U.S. Business – WSJ.com
Guggenheim, Apollo in lead to buy Aviva’s U.S. Life and Annuity Unit
Time to polish up those resumes.
BBC News – Aviva to cut up to 800
Aviva Update – 07.05.2012
Aviva Plc, the U.K.’s second-biggest insurer by market value, plans to exit almost a third of its units to bolster capital reserves and limit the impact of further turmoil in the euro region.
The insurer plans to sell 16 non-core divisions including U.K. bulk-purchase annuities, its South Korean unit and some partnerships in Italy, the London-based firm said in a statement today. The company is aiming to bring its capital levels in line with other insurers to between 160 percent and 170 percent of reserves required by regulators from 140 percent today.
via Aviva to Exit a Third of Business as Insurer Boosts Capital – Insurance Networking News.
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