Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds ($563 million), in the largest acquisition to date by the British insurer's CEO Amanda Blanc. Aviva said it would buy the unit - known as AIG Life UK - from Corebridge Financial, Inc, a New York-listed company majority-owned by AIG. Over the past three years, Blanc has prioritised hiking Aviva's investor returns and refocused the company on its core markets by raising billions selling business units around the world.
Aviva is to acquire American International Group’s (AIG) UK protection business for £460m. Aviva will acquire AIG Life UK from Corebridge Financial, a subsidiary of AIG. It said that AIG Life UK would build upon its “momentum in the protection market”. The acquisition means existing AIG Life UK customers will benefit
Aviva is to acquire American International Group’s (AIG) UK protection business for £460m. Aviva will acquire AIG Life Limited from Corebridge Financial, a subsidiary of AIG.
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