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9 March, 2016 The Irish Life Group, the parent company of Irish Life, Irelands leading provider of life insurance, pensions and investments, has announced agreements to acquire Aviva Health and to take full 100% ownership of GloHealth.
While the thought of your annuity provider going broke sounds alarming, the chances of it happening are low. If it does happen, protections are in place to safeguard your money. State guaranty associations provide an important safety net, ensuring annuity holders recover some or all of their funds.
ia Life has set up a website dedicated to the conversion that may help answer common questions at iapolicyconversion.com. Also, customers can contact ia Life via email at askcustomerservice@gafg.com or via phone at 877‑462‑8992.
ias parent, Global Atlantic, was originally known as Goldman Sachs Reinsurance Group, which was formed in 2004 and was part of Goldman Sachs Group, Inc. In 2005, Goldman Sachs Reinsurance Group entered the life and annuity market by acquiring Commonwealth.
In December 2012, Aviva agreed to sell Aviva USA Corporation to Athene Holding for US$1.8 billion (1.1 billion) as part of a plan to improve shareholder returns and reduce the groups capital requirements, having paid $2.9 billion in 2006 and incurring a large loss on sale.
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Athene Holding Ltd. Completes Acquisition of Aviva USA. Athene also announced that it has completed the sale of Aviva USAs life insurance operations to Presidential Life Insurance Company USA, a wholly owned subsidiary of Commonwealth Annuity and Life Insurance Co. and part of the Global Atlantic Financial Group.
Apollo Global Management completed its purchase of Aviva USA on Wednesday for $2.6billion. The West Des Moines-based insurer is being incorporated into the private equity firms Athene insurance arm and will be known as Athene USA.
ia Life is a subsidiary of Global Atlantic Financial Group Limited, a financial services company focused on the annuity, life insurance and reinsurance markets with $40 billion in assets and nine offices.

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