Aviva completes £453M acquisition of AIG's UK life insurance business, led by CEO Amanda Blanc.
Aviva, a British insurer, has completed a £453M acquisition of AIG's UK life insurance business, marking CEO Amanda Blanc's largest takeover deal. The deal, involving Corebridge Financial, a New York-listed firm majority-owned by AIG, allows Aviva to strengthen its UK market presence. This follows Aviva's £242M deal to re-enter the Lloyd's insurance market by acquiring insurance platform Probitas, and Aviva's full-year profit exceeding analyst expectations.
April 09, 2024
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