U.K.-based insurance group Aviva Plc and U.K. banking group HSBC Bank Plc have announced a joint venture.
U.K.-based insurance group AVIVA Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis. PLC and U.K. banking group HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) BANK PLC have announced a joint venture that both companies hope will
become one of the United Kingdom's 10 largest nonlife insurers.
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