Some employees of AIG Life are facing redundancy after the insurer was bought out by Aviva.
Aviva confirmed that some colleagues would be impacted by the £460m merger of the two companies, which completed in April.
A spokesperson for Aviva said: “Aviva’s intention is to keep as many people in the business as possible and the majority of roles will TUPE [Transfer of Undertakings (Protection of Employment)] into Aviva.
“There will be some roles impacted by the business announcement we made in June, however we are committed to providing opportunities to as many of these individuals as possible elsewhere in the wider Aviva group.
“A number of vacancies have been prioritised for AIG Life colleagues. We appreciate that this is an unsettling time for people and we will work through the process as quickly as possible.”
Aviva did not give details regarding how many jobs would be affected.
The Aviva and AIG Life integration
Following the acquisition, Aviva said it wanted to retain aspects of the AIG Life business and, last week, phased out AIG Life-branded products. Changes were also made to the senior leadership team, including the departure of Phil Willcock, CEO of AIG Life.
Other employees were reappointed to new roles, such as Nick Austin, managing director of individual protection at AIG Life, who was hired to the newly created role of protection commercial director, and Fran Bruce, who was appointed to lead the combined business as managing director of protection.
In its last set of results covering the first six months of 2024, Aviva reported a 49% rise in protection sales to £205m, including the impact of the AIG Life buyout.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
