AIG purchases the British insurer Ellipse from Munich Re
The American insurer AIG has finalised the acquisition of Ellipse, an English subsidiary of Munich Re, specializing in group life risk protection. The operation was carried out by AIG Life, the British subsidiary of AIG Life & Retirement.
As a reminder, the Ellipse group offers life, critical illness and income protection products. The new acquisition will allow AIG Life to market individual and group insurance policies for its UK customers via its partners and the Ellipse network intermediaries.
According to Adam Winslow, chief executive officer of AIG Life & Retirement, the acquisition of Ellipse will strengthen the presence of the American group in the UK individual and group risk protection markets.
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