Aviva Group Ireland plc is the Irish arm of British insurance firm Aviva plc. Its headquarters are in

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

. The company also provides

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

and

pension A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a " defined benefit plan", wh ...

services.

D&B Hoovers D&B Hoovers was founded by Gary Hoover and Patrick Spain in 1990 as an American business research company that provided information on companies and industries through their primary product platform named "Hoover's". In 2003, it was acquired by ...

reported in October 2010 that Aviva is the largest general insurer in Ireland, with a market share of more than 20% in the country.

History

The company was established in 1908 as Hibernian. In 1925, the Guardian Assurance Company Ltd purchased a majority shareholding in the company and by 1931, it was offering fire, accident, motor, fidelity guarantee and plate glass insurance. Guardian Assurance sold the company to a consortium of Irish firms, including the Bank of Ireland, in 1935. The company started to transact engineering business in 1940, and in 1946 added

marine insurance Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance a sub-branch of mari ...

in partnership with the Irish National Insurance Company Ltd. In 1964, the Commercial Union Assurance Company Ltd acquired the majority shareholding from the Bank of Ireland and two years later changed the company’s name to the Hibernian Insurance Company Ltd. By 1969, Commercial Union owned 99.9% of shares in the company. A consortium of Irish investors acquired the majority shareholding in the company in 1979, while Commercial Union retained a 30% share of the company. The company was acquired by

CGU plc CGU plc was a large insurance group, created by the merger of Commercial Union and General Accident in 1998. The company was listed on the London Stock Exchange. It merged with Norwich Union in 2000 to form CGNU plc, later renamed Aviva plc. ...

in November 1999. It later became part of

Aviva Aviva plc is a British multinational insurance company headquartered in London, England. It has about 19 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

. In June 2008, the company announced that it was to transfer much of its operations to

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

, India with the loss of 580 jobs. In the same year, Hibernian announced that it would be rebranding as Aviva as part of a global rebranding campaign to have all Aviva’s subsidiaries operate under the same name. Also in 2008, the

Central Bank of Ireland The Central Bank of Ireland () is the national central bank for Ireland within the Eurosystem. It was the Irish central bank from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority, and since 2 ...

fined the company for various breaches of the Consumer Protection Code. The company dismantled its Dublin-based European holding company in April 2011, moving the operation from London. In the same year, the

again fined Aviva for failing to have proper controls and procedures surrounding the safeguarding of client assets. In 2018, Aviva acquired the business of Friends' First from Dutch company Achmea. The business had earlier been part of

Friends Provident Friends' Provident Insurance was a banking institution founded in 1832 to serve the needs of the Society of Friends (Quakers). Based in Bradford, Yorkshire, it concentrated on sickness and annuity policies until its life fund acquired Century I ...

until it was demutualised in 1992, rolled into Eureko and later rebranded as Friends' First in 1998.

Aviva Stadium

It was announced in February 2009 that the new stadium on Lansdowne Road in Dublin would be called the

Aviva Stadium Aviva Stadium, also known as Lansdowne Road (, ) or Dublin Arena (during UEFA competitions), is a List of stadiums in Ireland by capacity, sports stadium located in Dublin, Republic of Ireland, Ireland, with a capacity for 51,711 spectators ...

as a result of a ten-year deal with Aviva reported to be worth €40million.

References

External links

Discusses the acquisition of Hibernian Group plc by CGUBusiness2000.ie – HibernianAviva's Irish website
{{Use British English, date=October 2010

Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...

Financial services companies established in 1908 1908 establishments in Ireland Insurance companies of Ireland Medical and health organisations based in the Republic of Ireland Irish subsidiaries of foreign companies Financial services companies based in Dublin (city)

History

Aviva Stadium

See also

References

External links