Aviva buys AIG's UK protection business for £460m
British insurer Aviva on Monday said it had bought AIG's UK protection business for £460m.
Source: Sharecast
AIG Life UK provides a full suite of individual and group protection products, with 1.3 million individual protection customers and 1.4 million group protection members, Aviva said.
Amanda Blanc, Group Chief Executive Officer of Aviva, said: "This acquisition brings significant strategic and financial benefits to Aviva. It strengthens our prospects in the highly attractive UK protection market and continues our progress in repositioning the group towards capital-light growth. We look forward to welcoming our new customers and colleagues to Aviva."
Whether you're looking for a Share Dealing Account, Stocks and Shares ISA or a Self-Invested
Personal Pension (SIPP), we've got an account to suit your needs.
IWeb is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
