United Kingdom insurer Aviva to exit Taiwan market

Aviva makes decision to exit Taiwan market

Aviva to sell Taiwan business to joint venture partner First Financial

United Kingdom insurer Aviva said today its decision to sell its 49 per cent stake in a Taiwan joint venture to its partner First Financial Holding conformed to its strategy of withdrawing from less profitable markets.

Aviva declined to put a price tag on the sale, but Annie Lee, head of investor relations at Taiwan's First Financial, said Aviva sold its share in the joint venture, First Aviva Life, for $1.

Chance the Rapper curating Obama Foundation Summit concert
The film is about a case handled by Thurgood Marshall early in his career, before he became the first black justice on the U.S. Marshall is now in theaters and stars Chadwick Boseman, Josh Gad, Kate Hudson, and Sterling K.

"This was not about financials, it was more a strategic decision", an Aviva spokeswoman said.

In a statement, Aviva announced that the transaction would have a "negligible impact" on its IFRS net assets, operating profit and Solvency II capital position.

Great danger! China's satellite lost control... It's falling to earth!
The Harvard University scientist forecasts Tiagong-1 "will come down a few months from now - late 2017 or early 2018". Predicting where it is going to come down would be impossible even in the days ahead of its landing, McDowell said.

Aviva said the transaction is subject to customary closing conditions including regulatory approval.

"We have refocused Aviva's Asian business on core markets where we have excellent opportunities to grow", said Chris Wei, executive chairman of Aviva Asia and global chairman of Aviva Digital. The group also recently disclosed that it had sold its shareholding in an Italian joint venture to Banco BPM, having also recently wrapped up the sale of parts of its Spanish business.

Jessica Rothe and Israel Broussard Discuss Surviving & Dying in 'Happy Death Day'
Her suffering comes to an end when a man dressed in all black wearing a baby face mask attacks and kills her. If you want a film that scares the living hell out of you, " Happy Death Day " isn't the movie for you.

The group had previously considered exiting Taiwan in 2010 and 2012, but decided against the move due to opposition from regulators.

Latest News