UK insurance titan Aviva has completed its $2.9 billion acquisition of Iowa, US-based life insurance and annuities firm AmerUs Group.
<p>Shareholders of AmerUs Group will receive $69 per share in AmerUs Group common stock, and the company will be removed from the New York Stock Exchange. <br /><br />The $2.9 billion takeover has also involved a reorganization of the top positions at AmerUs. The group's management and US operations will be headquartered in Iowa and Thomas Godlasky, chairman, president and chief executive of AmerUs, will become Aviva USA's president and CEO. Philip Easter, finance director of Aviva UK general insurance, will become CFO in December, when Melinda Urion will step down. <br /><br />This is a milestone event in AmerUs Group's history and we are very excited about our future as part of the Aviva group of companies, commented Mr Godlasky. Aviva's global brand presence, financial strength and scale are a significant advantage as we grow our business in the US.</p>