Market Overview

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 (NYSE: 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

Posted-In: News Guidance Contracts Management M&A Global

 

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