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Aviva said it had streamlined the business to include just five operations and the insurer reiterated that talks were underway to sell its Vietnam and joint venture in Indonesia.
'Following a review of our group strategy and our businesses, we have simplified Aviva into five operating divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life,' the company said.
In its UK Life business, the insurer vowed to reinvest in profitable new business to increase cash-flows over the long-term. While personal lines performance would be strengthened at its general insurance business.