British insurer Aviva said today it had completed the £453m acquisition of AIG's UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date.
Aviva announced the deal in September. The company is buying the unit - known as AIG Life UK - from Corebridge Financial, a New York-listed company majority-owned by AIG.
Blanc said last month that Aviva would continue to look for "selective" acquisitions, after announcing a full-year profit that beat analyst forecasts.
Aviva in March agreed an acquisition to re-enter the historic Lloyd's insurance market with a £242m deal to buy insurance platform Probitas.
