Aviva, the UK’s second biggest insurer, plans 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, Aviva’s CEO, said it had taken a couple of years to ensure Aviva was compliant with US governance rules. Aviva is raising no new capital in the listing, which is aimed at facilitating trading for its US investors, who hold about 20% of its shares, worth about £2.6bn.
