Insurer becomes second FTSE 100 group run by a woman to be targeted by activist investors
Europe’s largest activist fund has built a 5% stake in the London listed insurance company Aviva, as its chief executive, Amanda Blanc, became the second female FTSE 100 boss to be targeted by an activist investor.
Cevian Capital, a Swedish investment firm with $16bn under management, said Aviva, Britain’s biggest general insurer, should return £5bn of excess capital next year after it completes the sale of a collection of non-core divisions.