« Settlement Roundtable podcast | Main | Allstate sells Variable annuity business to Prudential »

Aviva looking to purchase Prudential.

Posted on Monday, March 20, 2006 at 07:36AM by Registered CommenterThe Settlement Channel | Comments2 Comments

Ok, got your attention with that one didn't I?

It's Aviva's parent company in the UK and the UK branch of Prudential, but this article in Reuters news service is an excellent discussion of how the two UK firms are looking for a way to merge and create what would be the third largest insurance conglomerate in the world.  

What I like about this is it is an excellent description of the Aviva parent company that essentially guarantee's the US life company so many of us use to fund structured settlement annuity contracts. While Aviva isn't a household name in the US, it is clearly a major player internationally and provides a level of security on a par with most of the major US life markets.

I'd clip this one and put it in your Aviva folder for those questions we all get on who Aviva is.  

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (2)

Mark, I may be wrong, but I think Prudential UK is a totally different company than the one here in the US.
March 20, 2006 | Unregistered CommenterJack
Oh it is different, essentially the UK spin off of the old Prudential arm here in the US. My point was that there are some dramatic combinations of companies in the works, with greater size and scale being obtained. If you look at the rumors about the Zurich/St. Paul combo, this combination potentially with Aviva and Prudential UK, the recent merger of Lincoln and Jefferson Pilot, indicates more combinations are in the works.
March 20, 2006 | Registered CommenterThe Settlement Channel

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.