Aviva Italia Holding is an Italian holding company for the British multinational insurance company Aviva. According to Mediobanca, as of 2014 the group had a combined gross premiums written of €3,768,783,000 and was the 12th largest insurance company of Italy.[1]
History
In 1999, the predecessor of Aviva plc, CGU plc, via Commercial Union Italia, sold 50% stake in Commercial Union Life S.p.A. and Commercial Union Assicurazioni S.p.A. to Banca delle Marche, as part of a bancassurance business.[2] The parent company in Italy became CGNU Holding S.p.A. in 2001, which became Aviva Italia Holding in 2002. The subsidiaries became Aviva Italia, Aviva Life and Aviva Assicurazioni. The group also owned an equity stake in Banca delle Marche until 2010. The minority interests in Aviva Life and Aviva Assicurazioni were also bought back in the same year from Banca delle Marche. Aviva Assicurazioni was absorbed by Aviva Italia on 1 January 2015.