Aviva completes acquisition of AIG’s UK protection business
Authored by Aviva
Aviva plc has announcesd that, following receipt of all necessary approvals, it has completed the acquisition of AIG Life Limited from Corebridge Financial, Inc, a quoted subsidiary of American International Group, Inc, for consideration of £453m.
The acquisition of AIG Life UK was first announced on 25 September 2023.
About Aviva
Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.
In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price. Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running. youTalk-insurance sharing Aviva insurance news and video.