CONTINUING COVERAGE: FLOODS OF 2016

AVIVA SALE: Commissioner Approves Buyout

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aviva

The state approved West Des Moines-based insurance giant Aviva’s plans to sell the company, Thursday.

The Iowa Insurance Division says it will allow the $1.55-billion sale to Athene to go forward.

Currently 1400 people work at Aviva and the new owners say they plan to keep the headquarters in West Des Moines.

“We’re very pleased that we can expect to see this company continue its operations in Iowa under new ownership, while maintaining for the Division appropriate oversight of its activities going forward,” said Iowa Insurance Commissioner Nick Gerhart.

The sale could close as early as October.