Aviva leaves Russia after £30m deal

PUBLISHED: 18:46 27 February 2013 | UPDATED: 18:46 27 February 2013

Mark Wilson has been appointed the chief executive of Aviva

Mark Wilson has been appointed the chief executive of Aviva


Insurance giant Aviva yesterday announced a £30m sale of its Russian business.

The deal with Blagosostoyanie, a non-state pension fund in Russia is another boost to the balance sheet for Aviva ahead of its end of year results next week.

Aviva is carrying out a fire sale of the underperforming parts of the business as part of a strategy to narrow its focus on the best parts of the business, where it enjoys ‘market leadership’ and has already announced a raft of sales including operations in the US, Spain, and Malaysia.

Mark Wilson, chief executive, said: “We are pleased to have agreed the sale of our life and pensions operations in Russia to Blagosostoyanie.

“This transaction builds on the progress we have made to narrow Aviva’s focus.”

Search hundreds of local jobs at Jobs24

Comments have been disabled on this article.

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter


Matthew Taylor’s review of UK employment practices is intended to help inform legislation changes to accommodate new employment models. Bethany Whymark gauges the business reaction.

Green 100


Enjoy the Green 100
digital edition


Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Business Most Read


Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented