Insurer reluctant to break up its composite model
Aviva has rejected a £5bn bid from rival insurer RSA for its general insurance arm, Sky News reports.
Aviva declined to comment, while a spokesman for RSA said he had no information to provide yet.
According to the Sky News report, Aviva immediately rejected the bid because it believes its composite model, which combines, general insurance, life insurance and asset management, is the correct strategy.
The proposal included Aviva’s UK general insurance arm and its operations in other markets, including Canada and Ireland.
The report said the offer was made in a letter sent by RSA’s chairman, John Napier, to his opposite number at Aviva, Lord Sharman, within the last few weeks.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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