Aviva - ISIN: XS0364880186

Aviva is a British multinational insurance company.

Aviva plc is a British multinational insurance company headquartered in London, United Kingdom. It has about 33 million customers across 16 countries. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva also has a focus on the markets in Europe and in Asia and, in particular, on the growth markets of China and South East Asia. Aviva is also the second largest general insurer in Canada. Aviva has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index.

Largest UK insurance company with 15 million clients in the UK.

Over £34 billion paid out in claims and benefits to customers in 2017.

Aviva also help protect £490 billion worth of assets for 33 million customers worldwide in Europe, Asia and Canada.

These are Tier 2 debt instruments and as such are subordinate to the Senior debt of the issuer, but rank ahead of any Tier 1 or Additional Tier 1 equity that the Issuer may have.Tier 2 debt is designed to absorb losses at the "point of non-viability" either by being converted to equity or written down. The Point of Non Viability is typically decided by the relevant banking regulator or when an Issuer needs public funds to continue operating.