Aviva Sells Life and Annuity Operations for $1.55 Billion

According to Athene, the deal will make it the second largest issuer of fixed indexed annuities in the United States.

INN Breaking News, December 24, 2012

Justin Stephani

A month and a half after Aviva’s CFO said the company was willing to part with its life division at a discounted rate, Athene Holding Ltd., a Bermuda-based insurance holding company, has announced it will acquire Aviva’s U.S. annuity and life insurance operations, including Aviva Life and Annuity Company, based in Iowa, and Aviva Life and Annuity Company of New York.

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