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
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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