US takeover rumoured by NU - papers 11th january

ACCORDING TO The Guardian, Aviva, Britain's biggest insurance group, is planning to expand into the US, having tabled a takeover bid for AmerUs, one of its American rivals, valuing the target company at just under £1.6bn ($3bn). The move represents a rare foray into the vast American insurance market by a British life insurance specialist, and is believed to have been launched after Aviva failed to agree a transformational deal in Britain which would have seen it merge with its most powerful domestic rival, the Prudential, in a £30bn deal. Investment banking sources said Aviva has off...