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AIG Life UK Sold to Aviva
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Overview
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Corebridge Financial, an AIG subsidiary, sells AIG Life UK to Aviva for £453 million. Aviva's internal funding reflects confidence in strong returns, allowing Corebridge to focus on US products. The acquisition affects the Solvency II ratio and enhances Aviva's growth strategy.
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How could this deal impact policyholders of AIG Life UK and Aviva?
How might this sale influence the competitive landscape in the insurance industry?
What strategic advantages does Aviva gain by acquiring AIG Life UK?
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