Global Atlantic Financial Group (Global Atlantic) announced Oct. 2 that its wholly-owned subsidiary, Commonwealth Annuity and Life Insurance Co., completed its acquisition of Aviva USA’s life insurance arm from Athene Holding Ltd.
The finalization of the deal comes on the same day that British insurer, Aviva Plc, completed the sale of its U.S. life and annuities unit, Aviva USA, to Athene.
The acquired business and team will remain in Des Moines, Iowa. The Group will be led by Mike Miller, who will report to Nicholas Von Moltke, president and chief operating officer of the Global Atlantic Life & Annuity business.
Last week, Global Atlantic announced that they would be acquiring Forethought Financial Group Inc.