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Aviva completes takeover of AIG's UK life insurance business
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Aviva completes takeover of AIG's UK life insurance business
Apr 9, 2024 12:25 AM

LONDON, April 9 (Reuters) - British insurer Aviva

said on Tuesday it had completed the 453 million pound ($574

million) acquisition of AIG's UK life insurance

business, sealing the largest takeover under CEO Amanda Blanc to

date.

Aviva announced the deal in September. The company is buying

the unit - known as AIG Life UK - from Corebridge Financial Inc ( CRBG )

, a New York-listed company majority-owned by AIG.

Blanc said last month that Aviva would continue to look for

"selective" acquisitions, after announcing a full-year profit

that beat analyst forecasts.

Aviva in March agreed an acquisition to re-enter the

historic Lloyd's insurance market with a 242 million pound ($306

million) deal to buy insurance platform Probitas.

($1 = 0.7901 pounds)

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