Aviva offloads US arm for £1.1bn

Updated
Aviva flag
Aviva flag

Mike Egerton/EMPICS Sport

Insurance giant Aviva is to quit the US life and pensions market after announcing a £1.1 billion deal to offload its American arm.

The group is selling Aviva USA to Athene Holding - a major player in America's pension annuity sector.%VIRTUAL-SkimlinksPromo%

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