Corebridge Financial to Sell UK Life Insurance Business to Aviva plc
Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva plc for a total consideration of £460 million in cash.
- Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva plc for a total consideration of £460 million in cash.
- Since acquiring the UK Life business in 2014, we have built a well-established provider of life insurance, critical illness and income protection products in the UK.
- We look forward to working closely with Aviva to ensure a smooth transition for employees, customers and distribution partners.”
AIG Life Limited is the life insurance arm of Corebridge Financial in the UK, Channel Islands, Isle of Man and Gibraltar. - The business provides financial and practical support for individuals, families and businesses when illness or injury threatens their life, lifestyle or livelihood.