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Amanda Blanc, ceo of Aviva

25 September 2023Insurance

Aviva buys £460m AIG business in ‘highly attractive’ UK protection market

Insurance heavyweight Aviva has acquired AIG’s UK life insurance business from Corebridge Financial, a subsidiary of American International Group, for a consideration of £460 million. The deal is part of Aviva’s strategy to expand its capital-light businesses, and accelerate growth in the “attractive” UK protection market.

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