Aviva Italia Holding is an Italian holding company for the British multinational insurance company

Aviva Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

. According to

Mediobanca Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana, the largest commercial bank in Italy which promoted its incorporation together with Credito Italiano) ...

, the group had a combined

gross premiums written In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies th ...

of €3,768,783,000 and was the 12th largest insurance company of Italy.

History

In 1999, the predecessor of Aviva plc,

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. ...

, 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 Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region ...

, as part of a

bancassurance Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of ...

business. 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. Aviva also formed a joint venture in bancassurance with

Banco Popolare Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. The bank was ...

(Avipop Vita and Avipop Assicurazioni) in 2007, as well as with

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...

in 1989 (Aviva S.p.A.; ex-Commercial Union Vita),

UBI Banca Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...

in 2003 (Aviva Vita; ex-Risparmio Vita Assicurazioni and Aviva Assicurazioni Vita; ex-UBI Assicurazioni Vita) and

Banca Popolare di Lodi Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di Lo ...

in 1998 ( Eurovita Assicurazioni (sold to a private equity fund in 2014) and Aviva Previdenza, absorbed by Aviva Life on 1 January 2015). In 2014 UBI Banca sold 30% stake in Aviva Vita and Aviva Assicurazioni Vita to Aviva Italia Holding; at the same time the equity stake held by Aviva Italia Holding in

Banca Popolare Commercio e Industria Banca Popolare Commercio e Industria S.p.A. (BPCI) was an Italian bank based in Milan, Lombardy. Found in 1888, the bank absorbed other banks in the 20th century, as well as forming bank group with other banks in the first decade of the 21st centu ...

Banca Popolare di Ancona Banca Popolare di Ancona S.p.A. is an Italian bank based in Jesi, in the Province of Ancona, Marche. it is a subsidiary of UBI Banca. History The former cooperative bank was found in 1891 in Jesi as Banca Popolare Cooperativa di Jesi. In 1956 the ...

and

Banca Carime Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank was a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches), ...

were sold for €327 million.

Subsidiaries

* Aviva Italia S.p.A. * Aviva Life S.p.A. * Aviva Vita S.p.A. (80%) * Aviva Assicurazioni Vita S.p.A. (80%) * Aviva S.p.A. (51%) * Avipop Assicurazioni S.p.A. (50%) * Avipop Vita S.p.A. (50%)

References

Insurance companies of Italy Companies based in Milan Aviva {{Insurance-company-stub