Aviva to consider 'even larger transaction' after Friends deal

Aviva will consider another transformative acquisition once its takeover of Friends Life beds in, according to reports.

The insurer, which yesterday confirmed the agreement of a £5.6bn deal with its FTSE 100 rival, will have 16m UK customers and £340bn of AUM as a result of the merger with Friends. The latter’s group chief executive, Andy Briggs, will become CEO of Aviva’s enlarged UK life business as a result. But the insurer is also looking for other deals, according to the Financial Times. Citing unnamed sources familiar with the matter, the paper said Aviva CEO Mark Wilson (pictured) will “eye an even larger transaction once the Friends Life acquisition had bedded down”. Total integration of the...