Athene Holding to Acquire Aviva's US Annuity and Life Business for $1.55B

Athene Holding announced today that it will acquire Aviva plc's AV U.S. annuity and life insurance operations (“Aviva USA”), including Aviva Life and Annuity Company, based in Iowa, and Aviva Life and Annuity Company of New York. Athene will acquire Aviva USA, which has approximately $56 billion of statutory admitted assets as of September 30, 2012, for a purchase price of $1.55 billion. The transaction is expected to close in 2013, subject to customary conditions and regulatory approvals. Upon closing, the combination of Aviva USA and Athene Holding's primary U.S. operating subsidiary, Athene Annuity & Life See full press release