mergers

Aviva has announced changes to its senior management following the acquisition of Friends Life by Aviva.

In part one of three videos, AIG Life's managing director Darren Spriggs tells COVER about AIG's purchase of Ageas Protect, Ageas Protect's rebranding to AIG Life and what advisers need to know about the changes.

Aviva's shareholders have approved the merger with Friends Life in a meeting in London.

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

The members of Family Investments and Engage Mutual have both voted in favour of a merger of the two companies which will create one of the biggest mutuals in the UK.

LV= has agreed terms with the Teachers Provident Society, which trades as Teachers Assurance to take over the majority of its business, due to be completed in early 2016.

Aviva and Friends Life are to merge in a deal worth £5.6bn.

Ageas has put a strong first quarter down to acquisition of Groupama Insurances, with business results showing a rise in profits.

The Permanent Health Company (PHC) has sought to reassure advisers' and quell concerns that its new five year underwriting deal with Axa PPP will eventually result in a takeover.