Aviva Group Ireland plc is the Irish arm of British insurance firm

Aviva plc 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 ...

. Its headquarters are in

Dublin Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 c ...

. The company also provides investment management and pension services.

Hoover's D&B Hoovers was founded by Gary Hoover and Patrick Spain in 1990Solomon, Steve.The Dynamic Duo" '' Inc.''. October 15, 1997. Retrieved on April 7, 2014. as an American business research company that provided information on companies and indu ...

reports that Aviva is the largest general insurer in Ireland, with a market share of more than 20 per cent. The company also has a majority shareholding in Aviva ''Health Insurance''.

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 is the sub-branch o ...

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 per cent share. In 1999, 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. ...

, which itself later became part of Aviva. In 2008, the company announced that it was to transfer much of its operations to

Bangalore Bangalore (), List of renamed places in India, officially Bengaluru (), is the Capital city, capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan area, metropolitan population of a ...

, 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 fined the company for various breaches of the Consumer Protection Code. The company dismantled its Dublin-based European holding company in 2011, moving the operation from London. In the same year, the Central Bank of Ireland again fined Aviva for failing to have proper controls and procedures surrounding the safeguarding of client assets.

Aviva Stadium

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

Aviva Stadium Aviva Stadium (also known as Lansdowne Road) is a sports stadium located in Dublin, Ireland, with a capacity for 51,700 spectators (all seated). It is built on the site of the former Lansdowne Road Stadium, which was demolished in 2007, and ...

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

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 ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...

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