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.

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.

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

Free Site Registration