AIG Life to be acquired by Aviva in £460M deal

The deal, expected to close in the first half of 2024, will add a further 1.3m individual and 1.4m group protection customers to Aviva's client book. In a statement (released 25 September), Aviva said the acquisition builds upon its momentum in UK protection market, complementing its existing "focus on innovative solutions and strong partnership distribution." "The combined businesses will create a more efficient platform from which to serve existing and new customers." Amanda Blanc, group chief executive officer of Aviva, stated: "This acquisition brings significant strategic and ...