LP profile

Aviva Ireland

Limited partner

Investor · Dublin, Ireland

#2,042 LP Ranking #342 of 2,413 LPs

Life insurance, general insurance and investment and savings products

Website ↗X / Twitter ↗

7 VC firms backed

01 · Background

Who Aviva Ireland is.

Historical Background: Aviva Ireland's origins can be traced back to the 1908 establishment of The Hibernian Fire and General Insurance Company. The company operated for decades as Hibernian, becoming a well-known brand within the Irish market before its parent company, CGU plc, merged with Norwich Union to form Aviva plc in 2000. The Irish entity was subsequently rebranded from Hibernian to Aviva in 2008 to align with the global group's identity.
Source of Capital: As the Irish arm of Aviva plc, a publicly traded multinational insurance company, Aviva Ireland's capital is derived from its insurance and investment operations. The primary source of this capital is the premiums collected from its extensive customer base for general insurance, life assurance, and pensions, as well as returns from its investment management activities.
Major Events: In 2008, the company underwent a significant rebranding, changing its name from Hibernian Group to Aviva Group Ireland plc to create a consistent brand identity with its parent company. Aviva sold its Irish general insurance business to Axa in 2011 but later re-entered the market. In 2022, the company acquired the protection business of Friends First Life Assurance Company, expanding its life and pensions portfolio.
Allocation Strategy: Aviva Ireland's investment activities are primarily focused on managing the assets backing its insurance and pension liabilities, which includes a diversified portfolio of equities, fixed income, and property. The firm offers a range of investment funds to its pension and investment clients, with strategies that span different asset classes and risk profiles, managed by Aviva Investors, the global asset management business of Aviva plc. In recent years, the company has placed a greater emphasis on responsible investing, launching funds that focus on environmental, social, and governance (ESG) criteria and divesting from certain fossil fuel-related assets.