American International Group acquired Ageas Protect Limited (now AIG Life Limited) (not disclosed in AIG's SEC-filed materials reviewed), a transaction completed in December 2014.
Ageas Protect Limited (now AIG Life Limited) operates in International life insurance (UK life protection), is based in United Kingdom. AIG acquired Ageas Protect Limited, a leading provider of life-protection products in the United Kingdom, in a transaction that closed December 31, 2014; the business was renamed AIG Life Limited. AIG referenced the deal in its fourth-quarter 2014 and first-quarter 2015 earnings releases, where it noted the December 31, 2014 acquisition of Ageas Protect (now AIG Life Limited). The consideration was not stated in the SEC materials reviewed here.
The acquisition established a UK life-protection platform (rebranded AIG Life) as part of AIG's strategy of building client-focused life and protection businesses in international markets.
A ready-made UK individual life-protection platform for AIG's international life business. Renamed AIG Life Limited (UK life operations)
Advisory firms were not disclosed for this transaction.