Aviva completes acquisition of AIG Life

Deal worth £453m

Cameron Roberts
clock • 2 min read

Aviva has announced it has completed the acquisition of AIG Life from Corebridge Financial, in a deal worth £453m.

The acquisition, which was originally tabled in September 2023, had a bump in the road when the UK Competition and Markets Authority (CMA) began an investigation in February. However, the deal was cleared in late March. Fran Bruce, managing director for protection, Aviva, said: "We are delighted that Aviva has completed the acquisition of AIG Life Limited. The transaction brings significant strategic and financial benefits and strengthens our prospects in the highly attractive UK protection market. "Now that the deal is complete our combined protection business will work together to d...

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