The insurance giant is to acquire Friends Life after the boards of the two companies agreed a takeover deal worth £5.2 billion.  (Photograph: Anna Gowthorpe/PA Wire)

British insurer Aviva agreed terms on Tuesday for a £5.6 billion pound (€7 billion) all-share takeover of rival Friends Life, responding to pressures (...)

British insurer Aviva is to cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalising its flagging fortunes, t(...)