The insurer will be trimming the fat to survive the downturn. Aviva, the number 2 insurer in the United Kingdom, is making insurance news by selling nearly a quarter of its businesses in a dramatic effort to rebuild investor support following struggles with its declining share price. The company’s new chairman, John McFarlane, hopes that this shake-up will be just what is needed. McFarlane stepped in following the removal of Andrew Moss in May 2012, when Aviva’s stock performance was strikingly weak. He will be taking the axe to sixteen…
Read MoreAviva makes insurance news by releasing its plans to ride out the economy’s downturn
