AIG Life completes acquisition of group risk specialist Ellipse

From Munich Re

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“Ellipse’s group protection expertise, alongside its technology-enabled business model, makes it a strong strategic fit with the existing AIG Life operation in the UK” - AIG's Adam Winslow
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“Ellipse’s group protection expertise, alongside its technology-enabled business model, makes it a strong strategic fit with the existing AIG Life operation in the UK” - AIG's Adam Winslow

AIG Life has completed the previously agreed acquisition of specialist group life, critical illness and income protection provider Ellipse from Munich Re.

The deal, which was originally announced last June and whose terms were not disclosed by the participants, closed following the receipt of required regulatory approval. According to parent company AIG...

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