Slaughter and May is advising Aviva on the acquisition of AIG's UK protection business

Slaughter and May is advising Aviva plc (“Aviva”) on the acquisition of AIG Life Limited from Corebridge Financial, Inc., a quoted subsidiary of American International Group, Inc., for consideration of £460 million. The transaction is subject to customary closing conditions, including regulatory approvals where required, and is expected to complete in Q1 2024.

The transaction supports Aviva’s strategy of repositioning the Group towards capital-light growth. It accelerates Aviva’s growth in the UK protection market, broadens its distribution and expands its customer base in the individual and group protection markets.

Slaughter and May has been working closely with the Aviva legal team, led by Neil Harrison and Alex Eadie.

Corporate
Richard Smith Partner
Claire Jackson Partner
Thomas Peacock Partner
James Edwards Associate
Ilia Angelov Associate
Henry Alexander Associate

Peter Redshaw / Trainee, Tulsi Varsani / Trainee, Chino Asiegbu / Trainee, Namera Tanjeem / Trainee

 

Competition
Alex Bulfin Associate
Jessica Bardett Associate
Kayley Castle Associate
Oliver Oughton Associate
Financial Regulation
Nick Bonsall Partner
Henry Paulley Associate
IP/IT
David Ives Partner
Yan Lai Associate
Pensions
Chris Sharpe Partner
Ed Hunnisett Senior Counsel
Employment and Incentives
Phil Linnard Partner
Will Amor Associate
Rachel Hunter Associate
Real Estate
Jane Edwarde Partner - Real Estate
Max Herfurth Associate
Hetty Smurfit Associate
Tax
Charles Osborne Partner
Lauren Biggs Associate
Data Protection
Rebecca Cousin Partner
Alex Buchanan Associate