aviva

Bankers and investors warn high-yield bonds from Asian issuers face headwinds due to compressed spreads.

The deal values CIMB Aviva at a generous premium, but the real prize is a long-term bancassurance deal with CIMB.

Aviva realises $737 million from the sale of its insurance and wealth management businesses and says it intends to enhance focus on the rest of Asia, while NAB consolidates in its home market.

In a surprise move, the head of Citi India retail bank TR Ramachandran resigns and switches to the insurance sector.

UK insurer Aviva is on a growth path in Asia, with CEO Andrew Moss targeting at least 20% annual growth from the region.

The life insurer plans additional mandates this year for its Singapore-based assets.