A large United Kingdom insurer is courting a major player in the U.S. equity-indexed life insurance and annuities market.
AmerUs Group Company, Des Moines, Iowa, “is engaged in discussions with Aviva P.L.C. regarding a potential acquisition of the company by Aviva,” AmerUs says in a statement.
“There can be no assurance that these discussions will result in any transaction,” AmerUs says, adding that it does not intend to provide further comments on the discussions until they are concluded.
Aviva itself has issued a statement noting that it would pay for an acquisition by using its own cash, borrowing money and selling shares of Aviva stock.