Aviva looking at Co-op purchase

A pile of coins with two magnifying glasses

The news came less than a week after Aviva announced plans to shed 2,000 jobs across the UK, Europe and Asia.

The article listed Aviva as looking at Co-operative Insurance which was confirmed as being for sale last month.

It also reported that Ageas, along with deal maker Edmund Truell who was linked last year to a bid for Direct Line, could make a move to acquire the business.

In March Co-op Insurance posted a deteriorating combined operating ratio of 110.9% for 2012 as pre-tax profits tumbled

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