mergers

Aviva's shareholders have approved the merger with Friends Life in a meeting in London.

The merger between Friends Life and Aviva has been cleared by the regulators, meaning that only the shareholder vote now remains to be cleared.

Aviva's merger with Friends Life will see 1,500 staff removed out of the combined workforce of 31,500 people.

The members of Family Investments and Engage Mutual have both voted in favour of a merger of the two companies which will create one of the biggest mutuals in the UK.

LV= has agreed terms with the Teachers Provident Society, which trades as Teachers Assurance to take over the majority of its business, due to be completed in early 2016.

Aviva and Friends Life are to merge in a deal worth £5.6bn.

Ageas has put a strong first quarter down to acquisition of Groupama Insurances, with business results showing a rise in profits.

The Permanent Health Company (PHC) has sought to reassure advisers' and quell concerns that its new five year underwriting deal with Axa PPP will eventually result in a takeover.

The international private medical insurance (IPMI) market could be subject of a series of mergers and acquisitions between providers, according to one insurer in the sector.

The leaders of the British Brokers' Association and the Institute of Insurance Brokers have this morning announced a "momentous" merger agreement in a bid to produce a combined stance on future regulatory changes.