British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for GBP5.6 billion ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business.
Insurer RSA's offer to buy rival Aviva's general insurance operations in the UK and elsewhere for 5 billion pounds ($7.8 billion), has been rejected by the Aviva board, and there are no ongoing discussions between the two, Sky News said.
Emirates NBD has joined hands with insurers Aviva and National General Insurance (NGI) to offer a wide range of customised long term savings, investments, life insurance and medical protection solutions to Emirates NBD customers.
Saudi Arabia's Jadwa Investment is looking at US and UK real estate markets and targeting a deal worth 700 million pounds ($1.14 billion) with European property investor CIT, the Financial Times said on Monday.
The paper quoted Jadwa c
British insurer Aviva said it had temprarily frozen withdrawals from one of its property funds, blaming the increasing length of time it is taking to sell property assets.
The move means that investors in the Norwich Union Unit-Linked Prop