AIG Life has completed its acquisition of group risk insurer Ellipse from Munich Re.
Following the deal, which was first announced in June, AIG Life will now distribute both group and individual protection insurance products to UK consumers through financial intermediaries, employee benefits consultants and partnerships.
Since its launch in 2009, Ellipse grew to become the sixth largest UK group life provider based on 2017 new business volumes.
Adam Winslow (pictured), chief executive, international at AIG Life & Retirement, said he was looking forward to building a stronger combined presence in the UK individual and group risk protection markets.