The history of Aviva Plc. can be traced to the establishment of Hand in Hand Fire & Life Insurance Society in 1696, after the Great Fire of London. The modern insurance company was first created as CGNU through the merger of Norwich Union and CGU Plc. It was renamed "Aviva" in 2002.
The total of gross premiums written by Aviva Plc. for the life insurance segment in the UK and Ireland increased from 4.3 billion British pounds in 2014 to 5.46 billion British pounds 2016. At the same time, the value of premiums ceded to reinsurers from that segment reached approximately 1.5 billion British pounds. It resulted in the income from fees and commissions for Aviva Plc. based in the UK and Ireland, for both life insurance and general insurance segments, reaching a value of over one billion British pounds (868 million GBP for life and 140 billion British pounds for the general segment).
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Aviva Plc. - Important statistics
1. Leading insurance companies - globally, in Europe and in the UK