In response, Blanc has vowed to focus on the insurance giant’s core businesses.
“We will focus Aviva on our strongest businesses in the UK, Ireland and Canada and aim to be the UK’s leading insurer,” she said. “We are going to focus on those businesses where we have the necessary size, capability and brilliant customer service to generate superior shareholder returns. This is where we will invest and grow.
“Where we cannot meet our strategic objectives, we will take decisive action and we will withdraw capital.”
The company noted the impact of COVID-19, saying its results “demonstrate resilience” which has