Insurer Aviva sells US life insurance unit

British insurer Aviva agreed to sell its US life insurance business for $1.8 bn to Athene Holding
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First Published: Fri, Dec 21 2012. 04 17 PM IST
Aviva announced the deal on Friday. Photo: AFP
Aviva announced the deal on Friday. Photo: AFP
London: British insurer Aviva Plc has agreed to sell its US life insurance business for $1.8 billion (€1.4 billion) to Bermuda-based peer Athene Holding, it announced in a statement on Friday.
“Aviva Plc announces that it has agreed to sell Aviva USA Corp., its US life and annuities business and related asset management operations, to Athene Holding Ltd, for $1.8 billion,” it said.
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First Published: Fri, Dec 21 2012. 04 17 PM IST
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