Filed Under:Markets, Company News

Athene buys Aviva USA for $1.8 billion

After months of speculation, Aviva PLC has found a buyer for its U.S. subsidiary. This morning, Athene Holding Ltd., a life insurance holding company that focuses primarily on fixed and equity indexed annuities, has agreed to acquire Aviva USA Corp. for $1.8 billion.

In a statement, John McFarlane, chairman of Aviva PLC, said, “The sale of Aviva USA is an important step forward in the delivery of our strategic plan. It considerably strengthens Aviva’s financial position, increases group liquidity and improves our economic capital surplus while also reducing volatility.”

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Nichole Morford

Nichole Morford
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