British Insurer Claims No Interest in Acquisition
England’s largest general insurance company, Aviva, said it did not see a compelling reason to consider acquiring the number-two company in the business, RBS Insurance, which was placed on the selling block earlier this week by parent Royal Bank of Scotland.
Said Aviva Chief Executive Andrew Moss, "Most of the RBS Insurance business is in the UK and we have set out our stall very clearly on what we want to do in the UK, which is maintain a market leading position. It's very hard to see any compelling reason for us to go down that route.”
Published on April 25, 2008
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