AIG Life has completed the previously agreed acquisition of specialist group life, critical illness and income protection provider Ellipse from Munich Re.
The deal, which was originally announced last June and whose terms were not disclosed by the participants, closed following the receipt of required regulatory approval. According to parent company AIG Life & Retirement, AIG Life will now distribute both group and individual protection insurance products to UK consumers through financial intermediaries, employee benefits consultants and partnerships. AIG Life & Retirement international CEO Adam Winslow said: "I look forward to working together with our new colleagues to build a stronger combined presence in the UK individual and group ...
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