Aviva Investors strengthens APAC focus with new insurance solutions leadership

Aviva Investors strengthens APAC focus with new insurance solutions leadership | Insurance Business Asia

Insurance News

Aviva Investors strengthens APAC focus with new insurance solutions leadership

Newly created role to focus on development of investment solutions for insurance clients

Insurance News

By
Roxanne Libatique

Aviva Investors, the asset management arm of Aviva plc (Aviva), has named Denis Resovac as its new head of insurance solutions sales for the Asia-Pacific (APAC) region.

This appointment marks the creation of a new role within the organisation.

Resovac has accumulated 20 years of experience in the insurance investment industry, with a focus on diverse asset classes, sustainable investment practices, and insurance regulatory frameworks. His previous experience includes serving as head of insurance strategy at Robeco, as well as holding significant roles at DWS Group and Deutsche Bank.

CKI-led consortium to acquire UK wind farms from Aviva

In a separate development, a consortium led by CK Infrastructure Holdings Ltd, backed by Hong Kong billionaire Victor Li, has reached an agreement to acquire a portfolio of wind farms in the UK from Aviva Investors. The deal is valued at around £350 million.

The portfolio comprises 32 onshore wind farms spread across England, Scotland, and Wales, with a combined installed capacity of 175 megawatts and a net attributable capacity of 137 megawatts.

CK Asset Holdings Ltd and Power Assets Holdings Ltd are also part of the consortium, holding stakes of 40% and 20%, respectively. The consortium expects the acquisition to deliver immediate returns, stable cash flows, and ongoing profit contributions, according to a statement issued by the group.

Barclays Plc advised the CKI-led group on the transaction, while Credit Agricole SA’s corporate and investment banking unit acted as the advisor to Aviva Investors.

This deal represents CKI’s third investment in UK infrastructure this year, following its acquisitions of Phoenix Energy and Powerlink Renewable Assets.

The conglomerate is also considering a secondary listing on an international stock exchange, with London being one of the potential options. The company has indicated that such a listing could enhance the market for its shares.