LONDON (Reuters) -British insurer Aviva (LON:AV) said on Tuesday it had completed the 453 million pound ($574 million) acquisition of AIG (NYSE: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 Inc, 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 242 million pound ($306 million) deal to buy insurance platform Probitas.
($1 = 0.7901 pounds)