Financial Times FT.com

Aviva to set up parallel US listing

By Paul J Davies, Insurance Correspondent

Published: October 7 2009 20:16 | Last updated: October 7 2009 20:16

Aviva is hoping to make life easier for its growing band of US investors by creating a parallel listing on the New York Stock Exchange, in the first new issue of American Depositary Receipts from a UK company in almost a decade.

Andrew Moss, chief executive of the UK’s second-biggest insurer, said it had taken a couple of years of work to ensure Aviva was compliant with the US Sarbanes-Oxley governance rules.

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