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Aviva reassures on capital

Insurer Aviva’s regulatory capital cushion is getting stronger, and the group is not planning any further disposals, its chief executive, Andrew Moss, said yesterday. In an interview, Moss said Aviva, the UK's second-biggest insurer, had called time on disposals after offloading Aviva Australia to National Australia Bank in June, adding £400m to its capital cushion. In March, worries over the impact of dividend commitments and rising bond defaults wiped a third off the group's share price in a single day.