Higher price a result of increased estimated earnings at Aviva USA

Aviva has completed the sale of its US arm, Aviva USA, to Athene Holdings Ltd for $2.6bn (£1.7bn).

The deal is $800m (£492m) higher than announced on December 21 2012 due to an increase in estimated earnings and other improvements between June 2012 and September this year.

Group chief executive officer Mark Wilson said: “This is a solid outcome with transaction proceeds of $2.6bn.

“The sale of the US business is another milestone for Aviva: it simplifies the business, strengthens the capital position and is a step towards our goal of creating a business focused on cash flow and growth.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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