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Insurance: four candidates for the takeover of Aviva France

2021-01-15T16:56:12.615Z


Generali, Eurazeo, Macif and the Athora-Allianz tandem submitted a takeover offer on Friday. Aviva France, which has more than 4,000 employees, will change hands. Candidates for the takeover of the French subsidiary of the British insurer, which notably manages the life insurance contracts of Afer, had until Friday, January 15 to submit their copy. Launched during the summer, the disposal process is proving to be long due to the complexity of the file. In fact, low interest rates are push


Aviva France, which has more than 4,000 employees, will change hands.

Candidates for the takeover of the French subsidiary of the British insurer, which notably manages the life insurance contracts of Afer, had until Friday, January 15 to submit their copy.

Launched during the summer, the disposal process is proving to be long due to the complexity of the file.

In fact, low interest rates are pushing insurers to turn away from life insurance, which is very greedy in capital.

This feeds the cut-to-size sales scenarios, with Aviva-vie (dedicated to life insurance) on one side and the non-life insurance business on the other.

To read also:

The insurer Aviva France interests more and more buyers

As of Friday, Aviva has reportedly received at least four non-binding trade-in offers.

Generali thus applied to take over all of Aviva France, according to a source close to the file.

The Italian insurer, which is especially interested in the property and casualty business of Aviva France, is discussing with several partners likely to take over the

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Source: lefigaro

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