Aviva boosts UK SME and HNW proposition with £460m AIG Life swoop
Aviva has bought AIG Life from Corebridge Financial, a quoted subsidiary of American International Group, for £460m.
AIG Life UK aims to provide a suite of individual and group protection products, with 1.3m individual protection customers and 1.4m group protection members.
In a statement Aviva said: “The combined protection business will benefit from AIG Life UK’s successful SME and high net worth propositions and will reach more customers through AIG Life UK’s relationships with regional and corporate IFAs, as well as other key partners.
This acquisition brings significant strategic and financial
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