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AIG completes acquisition of Ellipse from Munich Re

American International Group Inc. announced that AIG Life Ltd., a U.K.-based subsidiary of AIG Life & Retirement, has completed the acquisition of Ellipse from Munich Re Co.

Financial terms of the transaction were not disclosed and it closed following the receipt of required regulatory approval.

Following the acquisition, AIG Life will now distribute both group and individual protection insurance products to U.K. consumers through financial intermediaries, employee benefits consultants and partnerships.

Ellipse is a specialist group life, critical illness and income protection provider in the U.K.