Filed Under:Annuities, Suitability

Sale of Aviva USA at higher price a credit positive

With the Oct. 2 completion of the sale of Aviva USA Corp. (Aviva USA) to Athene Holding Ltd (Athene), Aviva Plc (Aviva) was able to move on after a nine-month-long regulatory dance.

The British insurer let go of its U.S. life and annuities business for $2.3 billion, $800 million more than the initially announced price of $1.55 billion.  

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Nichole Morford

Nichole Morford
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