Aviva completes $2 bln buy-in with Michelin Pension and Life Assurance Plan-February 2024-www.financetom.com

Aviva completes $2 bln buy-in with Michelin Pension and Life Assurance Plan

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Aviva completes $2 bln buy-in with Michelin Pension and Life Assurance Plan

Oct 10, 2024 10:13 PM

LONDON, Oct 9 (Reuters) - British insurer Aviva

has completed a 1.5 billion pound ($1.96 billion) bulk annuity

buy-in deal with Michelin Pension and Life Assurance Plan,

adviser XPS said on Wednesday.

The deal was Aviva's largest bulk annuity transaction and

the largest bulk annuity deal announced in the British market

this year, the companies said in a statement.

($1 = 0.7652 pounds)

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