Corebridge Financial Agrees To Divest UK Life Insurance Arm To Aviva In £460M Deal
Portfolio Pulse from Benzinga Newsdesk
Corebridge Financial has agreed to sell its UK life insurance division to Aviva for £460 million. The deal is expected to close in the first half of 2023.
September 25, 2023 | 7:01 am
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NEUTRAL IMPACT
AIG is not directly involved in the deal between Corebridge Financial and Aviva.
AIG is not directly involved in the deal between Corebridge Financial and Aviva. Therefore, the deal is unlikely to have a direct impact on AIG's stock price.
CONFIDENCE 100
IMPORTANCE 0
RELEVANCE 0
POSITIVE IMPACT
Aviva is acquiring Corebridge Financial's UK life insurance arm. This could expand its market presence and boost revenues.
The acquisition of Corebridge Financial's UK life insurance arm could expand Aviva's market presence and boost its revenues. This could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Corebridge Financial is divesting its UK life insurance arm to Aviva. This could streamline operations and improve financial performance.
The divestiture of the UK life insurance arm could allow Corebridge Financial to focus on its core operations, potentially improving its financial performance. This could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100