Brokers sceptical of Aviva’s new direction
The insurer is separating its life and general insurance businesses, as well as targeting 1,800 redundancies.
Brokers are cautious of Aviva’s plans to separate its life and general insurance businesses in the UK, which it announced to investors on 6 June.
The move represents a reversal of its decision in 2017 to merge the two divisions, something it said at the time should not affect brokers.
As part of its plan, Aviva is looking to make 1,800 redundancies over the next three years and seeking a £300m reduction in annual expenses by 2022.
Suzy Middleton, director of SEIB Insurance, was critical of
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