The History of Aviva’s Mergers & Acquisitions

The Birth of Aviva Through Mergers & Acquisitions
Contributors: Nicola Date, Katherine Read. Reviewed by Francis Hui
Do You Know About the History of Aviva & How It Became the LEADING Insurance Provider in the UK? Discover Aviva’s History, Mergers & Acquisitions. Find Out if Aviva’s Products & Services Are for YOU…

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Aviva’s history of mergers and acquisitions has helped them rise to the top of the retirement, wealth, and insurance industries in the UK.

Aviva is more than a company; it’s a partner that will support and guide you in safeguarding the precious moments in life.

It assists customers in managing their finances, saving and investing money, and maintaining a financially secure retirement.

What You’ll Learn in This Article:

    The financial specialists at SovereignBoss have devoted many hours to reading, reviewing, and analysing data to provide you with the most current and accurate information about wealth, retirement and insurance.

    Here’s what we’ve found!

    Who’s Aviva?

    Aviva is a United Kingdom-based financial services provider and specialised investment firm that was founded in 1696 as one of the UK’s first insurance societies. 

    Aviva is one of the leading investment, wealth and retirement companies in the UK, with its main purpose to help people today, better their tomorrow. 

    With core business values, such as care, commitment, community, and confidence, Aviva exists to be with the people when it matters. 

    Company History 

    Aviva’s company history can be traced back to the establishment of the Hand in Hand Fire & Life Insurance Society in London in 1696.

    Aviva’s Journey:

    1700’s

    • Amicable Society was founded as the world’s first mutual life assurance society.
    • Union Assurance was established and provided insurance against fire for the contents of properties.
    • Insurance of London Landmarks was created to ensure many Landmarks in London including, the British Museum and Lambeth Palace.
    • Norwich Union launched as a fire insurance company.

    1800’s

    • London businessmen establish the Commercial Union Assurance Company, following the Great Tooley Street Fire. 
    • Commercial Union launched the first life policy and the first marine underwater policy.
    • General Accident Employers Liability Assurance Association, Ltd., was established in Perth Scotland. 
    • Scottish General Fire Assurance Corporation mergers with General Accident. 

    1900’s

    • Commercial Union acquired Britain’s Palatine Insurance Company of Manchester. 
    • Commercial Union PLC was established to expand financial services.
    • Commercial Union bought Hand-in-Hand Fire and Life Insurance Society. 
    • General Accident Fire and Life Assurance Corporation were created from General Accident. 
    • Commercial Union acquires Mercantile Insurance Company and North British. 
    • Norwich Union is listed on the London Stock Exchange.
    • General Accident merges with Commercial Union to form CGU PLC.

    2000’s 

    • CGNU is born from the merger between CGU and Norwich Union.
    • Aviva plc was launched when CGNU plc changed its name. 
    • A pensions firm, Friends Life opened for business.
    • Friends Life was acquired by Aviva.

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    List of Mergers & Acquisitions 

    Numerous insurance companies in the UK were merged and acquired to form part of Aviva. 

    List of Mergers:

    • CGU
    • Norwich Union
    • Commercial Union
    • General Accident
    • Provident Mutual
    • United Kingdom Provident Institution
    • North British & Mercantile Insurance Company

    Through merging and acquiring insurance companies since its establishment in 1696, Aviva has become the UK’s largest life insurance firm in the British market. 

    List of acquisitions: 

    • Friends Life
    • Friends’ Provident Life Office
    • Hibernian
    • London & Edinburgh Insurance Group
    • London and Manchester Assurance Company
    • Sun Life Assurance
    • English Insurance Company
    • Yorkshire Insurance Company
    • Northern and Employers Assurance Company
    • Scottish Union and National Insurance Company

    Aviva Services 

    Aviva offers its products and services to main markets such as the UK, Ireland and Canada. 

    These services include:

    • Car insurance
    • Home insurance
    • Life insurance
    • Health insurance
    • Equity Release 

    List of Mergers & Acquisitions 

    Numerous insurance companies in the UK were merged and acquired to form part of Aviva. 

    List of Mergers:

    • CGU
    • Norwich Union
    • Commercial Union
    • General Accident
    • Provident Mutual
    • United Kingdom Provident Institution
    • North British & Mercantile Insurance Company

    Through merging and acquiring insurance companies since its establishment in 1696, Aviva has become the UK’s largest life insurance firm in the British market. 

    List of acquisitions: 

    • Friends Life
    • Friends’ Provident Life Office
    • Hibernian
    • London & Edinburgh Insurance Group
    • London and Manchester Assurance Company
    • Sun Life Assurance
    • English Insurance Company
    • Yorkshire Insurance Company
    • Northern and Employers Assurance Company
    • Scottish Union and National Insurance Company

    Aviva Services 

    Aviva offers its products and services to main markets such as the UK, Ireland and Canada. 

    These services include:

    • Car insurance
    • Home insurance
    • Life insurance
    • Health insurance
    • Equity Release 

    Common Questions

    Does Aviva Offer Later-Life Mortgages?

    Where Are Aviva Headquarters Located?

    Which Countries Does Aviva Operate In?

    In Conclusion

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