Aviva's Strategic Move: Acquiring AIG's UK Protection Business for £460 Million

Aviva plc has made a significant announcement, revealing its acquisition of AIG Life Limited (AIG Life UK) from Corebridge Financial, Inc., a subsidiary of American International Group, Inc. This strategic move, involving a consideration of £460 million, is set to propel Aviva's presence in the UK protection market. In this article, we will explore the implications of this acquisition, the rationale behind it, and its potential impact on both Aviva and AIG Life UK.