Sumitomo Life completed the acquisition of a 26% stake in Singlife from Aviva for £800m.

Sumitomo Life, a mutual life insurance company, completed the acquisition of a 26% stake in Singlife, a life insurance company, from Aviva, a multinational insurance company, for £800m. "This is a good outcome for Aviva. The transaction further simplifies the business and we are in a very strong position to build on our trading momentum in the UK, Ireland and Canada," Amanda Blanc, Aviva CEO.