Aviva plc history

The London-based insurer has 25 million customers, more than £200 billion (US $306.5 billion) under management, and premium income and investment sales of £28 billion (US $43 billion) for 2001.

A new joint venture life business, Aviva-COFCO, was launched in Guangzhou in 2003.

In March 2005, Aviva acquired the RAC plc breakdown recovery operation for around £1.1 billion.

The Group entered into a global partnership with Oxfam in 2006, becoming a founding member of the Oxfam 365 Alliance.

Aviva Investors launched in 2008.

In June 2009 the Company decided to dispose of Navigator, its Australian wealth management business, to National Australia Bank for A$825 million (£401 million).

Friends Life, the UK’s newest life and pensions firm, was launched on 29 March 2011.

In August 2012, Aviva announced that up to 800 jobs would be lost following a reorganization caused by further turmoil in the Eurozone.

Astra Aviva Life was established in 2014 as a joint venture with PT Astra International Tbk.

On 13 April 2015, Aviva completed the £5.6 billion all share takeover of Friends Life Group.

In July 2016, Aviva froze withdrawals from the Aviva Investors Property Trust because of a lack of liquidity after Britain's vote to leave the European Union on the 23rd of June.

In September 2017, Aviva agreed to sell its Italian joint venture Avipop Assicurazioni to Banco BPM for US$312.01 million (€265 million).

In March 2018, Aviva, controversially, announced that it "had the ability" to cancel its irredeemable preference shares at par.

In November 2020, Avivia sold its stake in their Indonesian company Astra Aviva Life and their Hong Kong division.