Aviva completes on £453m AIG Life deal
Aviva has confirmed that, following receipt of all necessary approvals, it has completed the acquisition of AIG Life UK.
The acquisition was announced on 25 September 2023, with Aviva buying the business from Corebridge Financial, a quoted subsidiary of AIG, for a consideration of £453m.
RelatedAviva boosts UK SME and HNW proposition with £460m AIG Life swoopOn 28 March, the Competition and Markets Authority cleared the anticipated acquisition, having launched a merger inquiry on 8 February.
According to EY, the deal was the fourth-largest UK insurance deal in 2023 after Markerstudy Insurance acquiring Atlanta, Axa
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Wakam shares MGA partnership growth plans
Wakam UK has detailed its plans for being a “strategic partner” with managing general agents as it seeks further growth in the sector.
Biba 2026 Countdown: Bspoke’s Kieran Molloy
Kieran Molloy, underwriting manager at Bspoke, believes the spontaneous Biba meetings are often the most valuable and describes the perfect insurance all-rounder as someone with a never-say-die attitude who can win when everything is stacked against them.
Aviva reveals 15 new hires in regional specialty push
Aviva has hired 15 people in its regional specialty segment as it commits to increasing market visibility through deeper, face-to-face engagement with brokers across the regions.
Hiscox maintains UK expansion pace in Q1
Hiscox UK grew written premiums by 8.9% to £181.2m in the first quarter compared to the same period the year before, underpinned by “strong double-digit” growth in its art and private client arm.
Biba 2026 Countdown: Drive Further’s Jon Daniels
Jon Daniels, managing director of Drive Further, recommends that a bit of preparation goes a long way before the conference and looks forward to the quality conversations when things get calmer on Thursday morning.
Axa makes triple May moves
Axa Insurance UK’s partnership with Commercial Express has gone live, as the insurer also enhanced its risk management proposition for fleets and rolled out a 24/7 commercial motor claims reporting service.
Allianz passes cyber to Coalition
Allianz has signed a global deal to move its commercial cyber insurance business to Coalition.
Covéa promotes Long to COO
Covéa Insurance has promoted Stephen Long to chief operating officer in the latest of a series of personnel changes at the insurer.