AVIVA Flashcards
Why is Aviva so important to Slaughter and May?
Slaughter and May have advised the corporate for over 25 years on various matters
What is a deal Aviva instructed Slaughter and May on?
Most recently, Slaughter and May advised Aviva on its disposal of its shareholding in Singapore Life Holdings (Singlife) - a joint venture formed in 2020 from the merger of Singlife and Aviva Singapore
S&M also advised it on the joint venture which saw synergies being formed by the two entities, combining Singlife’s digital capabilities with Aviva Singapore’s product history. The deal marked one of the largest in the insurance sector in Southeast Asia. It offered existing Singlife customers a deeper product range and Aviva greater mobile engagement.
Aviva sold a quarter ownership of Singlife to shareholder Sumitomo Life Insurance for £800mn. Effect of this was 1) Help Aviva streamline its business and simplify operations; 2) Allowing it to focus on profitable markets, incl UK, Ireland and Canada
Slaughter and May worked with Singaporean and Japenese counsel on the legal jurisdictional aspects of the deal
What was the Singapore divestment a part of?
Slaughter and May have advised Aviva on six complete disposal of Aviva businesses in France, Poland, Hong Kong, Indonesia, Singapore and Vietnam.
