Aviva to transfer $12-billion in assets to avoid Brexit disruption
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U.K.'s High Court has allowed insurer Aviva P.L.C. to shift £9 billion ($12 billion) worth of assets from London to Ireland to maintain access to and settle policyholders' claims in case of a hard Brexit, The Independent reported. The court said that a hard Brexit would mean Aviva could not service policies through its overseas branches or settle claims in the European Union.
