Aviva USA sale grows by $800m

Insurance group Aviva has completed the sale of its American business, Aviva USA, to Athene Holding for $2.6bn (£1.7bn). The deal comes in $800m higher than the $1.8bn that was announced in December resulting from increased estimated earnings for the American business. “This is a solid outcome with transaction proceeds of $2.6bn. The sale of the US business is another milestone for Aviva,” said Aviva’s chief executive Mark Wilson.