Friends Life has boosted Aviva UK’s life arm, pushing its value of new business to £151 million, thanks to a £1 billion longevity swap deal signed by Friends.
The company’s life business was boosted by its £5.6 billion acquisition of Friends Life, which was completed in April.
Aviva UK Life posted a value of new business of £151 million in the three months to 30 September 2015. This was 26% higher than in the same period in 2014, when its value of new life business was £120 million.
It said without Friends Life the value of new business would have increased by 13%…Read more at New Model Adviser