Aviva

The merger between Friends Life and Aviva has been cleared by the regulators, meaning that only the shareholder vote now remains to be cleared.

Aviva paid out £513m on claims in 2014, an increase on the 2013 figure of £505m as it released its annual claims statistics.

Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including cost savings for the company of £225m.

Friends Life and Virgin Money have launched the first of their planned range of life insurance products.

The word protection has ‘toxic' connotations due to consumers wrongly associating products with the PPI scandal, according to the chairman of the All Party Parliamentary Group for Insurance and Financial services.

COVER investigates the trend for insurers to launch virtual private GP access and asks whether this could be the game changer that PMI has been looking for.

The whole of life (WoL) market is seeing growth as it emerges from the shadow of earlier decline, writes Thomas Smith

Aviva is now offering £15,000 of free life cover for parents through all channels, including advisers.

Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.

Aviva's merger with Friends Life will see 1,500 staff removed out of the combined workforce of 31,500 people.