Aviva to acquire AIG Life UK

AVIVAAviva has signed a definitive agreement with Corebridge Financial, a US financial services company majority-owned by American International Group (AIG), to acquire its subsidiary AIG Life Limited. The transaction is valued at 460 million GBP (562.8 million USD).

This acquisition will enable Aviva to strengthen its position in the UK life insurance market.

Pending regulatory approvals, the acquisition is expected to be finalized during the first half of 2024.

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