Aviva open to bolt-on deals but unlikely to buy further in Lloyd’s, says Blanc

Aviva will maintain a “selective and disciplined approach” to mergers and acquisitions, according to group CEO Amanda Blanc as she indicated the insurer is not eyeing-up synergies with a Direct Line bid.

The insurer revealed the £242m deal for Probitas earlier this week returning Aviva to the market after a more than 20-year absence.

The buy gives Aviva “new opportunities to accelerate growth in our capital light general insurance business”, Blanc, pictured, stated.

Portfolio

According to Blanc, recent deals, also including the £460m purchase of AIG Life announced last September, have either consolidated positions of strength or filled gaps in the portfolio.

On Probitas she continued: “We didn’t

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