New business at insurance giant Aviva was up 18% in the three months to 31 March, reaching £191m, according to its latest results.
The firm's interim management statement said the increase had been driven by improved profitability in the UK life business and Asian growth. However, group CEO Mark Wilson said there was a great deal still to do to improve the firm's fortunes. Its wide-scale restructure is ongoing, with costs this quarter of £54m. It said internal debt had been reduced by £300m. And operating expenses were down 10% and it said it was on track to deliver cost savings target of £400m. The firm completed the sale of its remaining holding in Delta Lloyd, and disposed of its operations in both Ru...
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