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.
The move comes six years after Aviva entered the US with the acquisition of AmerUs for £1.6bn, although the group stressed it will retain its asset management presence in America.
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