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Aviva Closing AIG Life UK Deal: Should Not Impact Spreads

FINANCIALS

Aviva announced the closure of the acquisition of AIG Life UK this morning. Deal was announced in Sep-23 and widely expected to close so shouldn’t have a spread impact.


  • Aviva (AV/ LN) has bought AIG Life UK from Corebridge Financial for GBP453m – the deal was announed on 25-Sep-23 with little price reaction from the equity. Deal is only 3.7% of Aviva’s current market cap, so should be immaterial for spreads and is in line with group strategy.

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