The UK insurer Aviva posted a record quarter for new long-term savings business today as it was dragged into a legal row by its Netherlands subsidiary Delta Lloyd which alleges broken promises over corporate governance issues.
Aviva, which launched an unsuccessful £17bn (€24bn) for UK rival Prudential last month, said sales from life and pensions new business rose 20% to £6.79bn in the first quarter this year, well ahead of the best market estimates of £6.24bn.