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  2. Share Prices
  3. Aviva Share Price
  4. Aviva Share News
  5. Aviva completes takeover of AIG's UK life insurance business

Pin to quick picksAviva Share News (AV.)

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Share Price Information for Aviva (AV.)

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Share Price: 492.80
Bid: 492.10
Ask: 492.30
Change: 0.00 (0.00%)
Spread: 0.20 (0.041%)
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Prev. Close: 492.80
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Aviva completes takeover of AIG's UK life insurance business

Tue, 09th Apr 2024 07:35

LONDON, April 9 (Reuters) - British insurer Aviva said on Tuesday it had completed the 453 million pound ($574 million) acquisition of AIG's UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date.

Aviva announced the deal in September. The company is buying the unit - known as AIG Life UK - from Corebridge Financial Inc , a New York-listed company majority-owned by AIG.

Blanc said last month that Aviva would continue to look for "selective" acquisitions, after announcing a full-year profit that beat analyst forecasts.

Aviva in March agreed an acquisition to re-enter the historic Lloyd's insurance market with a 242 million pound ($306 million) deal to buy insurance platform Probitas.

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UK dividends calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Aug 2023 17:18

UK stocks fall as inflation stays rigid, precious miners drag

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16 Aug 2023 08:18

CORRECT: Aviva raises dividend as swings to half-year profit

(Clarifies that Aviva is aiming for a gross cost reduction for its 2024 target.)

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16 Aug 2023 08:08

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(Alliance News) - Aviva PLC on Wednesday reported a profit in the first half of 2023, boosted by growth in gross written premiums.

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Aviva hikes dividend after robust first half

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London pre-open: Stocks to extend five-week low

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14 Aug 2023 08:15

Shaftesbury Capital agrees 10-year GBP200 million Aviva Investors loan

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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