Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
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Category: Aviva Structured Settlements
Aviva Structured settlements made a considerable expansion into the United States structured settlement annuity market in the late 1990s and early in The Millennium through December 2008, initially through acquisition or mergers with CGU (itself a product of the marriage between Commercial Union and General Accident), Bankers Life of New York and AmerUs. All told the Aviva book of business was approximately $1B in premium. The name Aviva itself was a re-branding to tie in the various acquistions under a universally relatable name related to “life”. Several years after ceasing writing structured settlements, Aviva spun off Aviva USA and it was acquired by Athene. Controversy arose when it was learned that a Capital Maintenance Agreement (CMA) that was used by CGU/Aviva to sell structured settlement annuities when it lost its A+ rating from A.M Best was not all that it was marketed as. An Aviva class action lawsuit unfortunately ensued. In the end Athene made good on what was initially promoted by Aviva.
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Insurance groups that include current and former structured settlement annuity issuers represent more than 43% of the largest life insurance groups in the United States. While size matters, it is only one of the criteria one should use in selecting an insurance company to fund a structured settlement
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When you enter into a long term structured settlement, it can unsettling to later learn that the insurer has been sold or the product line discontinued. How insurers manage change speaks volumes. Examples of divestitures and acquisitions of structured settlement product lines, or actual insurers.
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If you are receiving payments from an Athene structured settlement (previously Aviva or CGU) established before the end of 2008, you have likely received the check as part of a class action settlement.
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Lead plaintiff John Griffiths and I got ahead of this, making the discovery in Fall 2014. The 2015 class action filed by Marcus & Auerbach led to what can only be seen as a positive result for over 4,000 annuitants. Nobody lost money, no money was in imminent danger and this was nipped in the…
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Athene Defendants must create a new Capital Maintenance Agreement which replicates, and improves upon, the terms of the CMA whose purported cancellation is at issue. New CMA will be backed by Athene Holding Ltd. Plaintiffs’ expert opined the new CMA is backed by a better capitalized entity.
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Looks like there will be a positive resolution to the Aviva CMA debacle.
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If you receive structured settlement payments from Aviva, delays may have occurred due to Athene’s acquisition of Aviva’s US operations and the decision to use a Third Party Administrator, Concentrix. Athene is rolling out new structured settlement annuities starting Q3 2025, leading to operational changes affecting payment timing.
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Not all is positive about the Athene integration with Aviva USA, ALL of the Aviva sales literature, which would have had to have been filed with insurance regulators, and the CMA issued contracts expressly stated that the CMA was absolute, unconditional, present and continuing. Athene said its gone.
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What about the Capital Maintenance Agreement? Was it impacted by the sale of Aviva USA’s structured settlement business to Athene (finalized in early 2014, No public information has been released to structured settlement annuitants regarding the CMA status.