A.M. Best Affirms and Withdraws Ratings of a Number of Aviva Plc’s European Subsidiaries

  A.M. Best Affirms and Withdraws Ratings of a Number of Aviva Plc’s European

Business Wire

LONDON -- December 18, 2012

A.M. Best Europe – Rating Services Limited has affirmed the financial strength
rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a+” of
several European insurance subsidiaries of AVIVA plc (AVIVA) (United Kingdom),
namely Aviva Vida y Pensiones, S.A de Seguros y Reaseguros, Aviva Assurances,
Aviva Vie, Aviva Epargne Retraite and Eurofil. The outlook for the FSR remains
stable, and the outlook for the ICR remains negative. Concurrently, A.M. Best
has withdrawn the ratings at the company’s request. In addition, A.M. Best has
affirmed the ICR of “bbb+” of Aviva Italia Holding S.p.A. The outlook for this
rating is negative. A.M. Best has subsequently withdrawn this rating as well.

The rating affirmations factor in the subsidiaries’ importance to the group’s
current strategy in markets such as France, Italy and Spain and the internal
support provided by AVIVA or intermediate group companies to those
subsidiaries by means of reinsurance support or capital injections as and when
required. Other rating drivers include those entities’ business profile in the
markets they operate and their supportive local solvency positions.

The methodology used in determining these ratings is Best’s Credit Rating
Methodology, which provides a comprehensive explanation of A.M. Best’s rating
process and contains the different rating criteria employed in the rating
process. Key criteria utilised include: “Risk Management and the Rating
Process for Insurance Companies”; “Understanding Universal BCAR”; and “Rating
Members of Insurance Groups”. Best’s Credit Rating Methodology can be found at

In accordance with Regulation (EC) No. 1060/2009, the following is a link to
required disclosures: A.M. Best Europe - Rating Services Limited Supplementary

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best
Company. Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more information,
visit www.ambest.com.

       Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.


A.M. Best Company
Anandi Nangy-Kotecha, +(44) 20 7397 0271
Associate Director, Analytics
Carlos Wong-Fupuy, +(44) 20 7397 0287
Senior Director, Analytics
Rachelle Morrow, +(1) 908 439 2200, ext. 5378
Senior Manager, Public Relations
Jim Peavy, +(1) 908 439 2200, ext. 5644
Assistant Vice President, Public Relations
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