AVIVA, BRITAIN'S largest insurer, is on the lookout for international joint venture partners as it laid out ambitious plans to increase overseas sales by "at least 10% a year" over the next five years, reports The Times .
According to the paper, the insurer, which earlier this year embarked on abortive takeover talks with its rival the Prudential, said it also wanted to strike deals with partners to distribute its life insurance products in other countries. Aviva said it will not need to raise fresh capital to fund its expansion drive, and has set itself the target of making profits rise at least as quickly as sales. This is the first time Aviva has set itself a specific goal in terms of achieving international sales growth, according to the Times. The insurer, which also said it planned to expand its...
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