Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock • 2 min read

Aviva has announced it has completed the acquisition of AIG Life from Corebridge Financial, in a deal worth £453m.

The acquisition, which was originally tabled in September 2023, had a bump in the road when the Competition and Markets Authority (CMA) began an investigation in February. However, the deal was cleared in late March. Aviva managing director for protection Fran Bruce said: "We are delighted that Aviva has completed the acquisition of AIG Life Limited. The transaction brings significant strategic and financial benefits and strengthens our prospects in the highly attractive UK protection market. "Now that the deal is complete our combined protection business will work together to deliver...

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