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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about
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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John Griffiths was the lead plaintiff in a class action lawsuit against Aviva and Athene. Athene agreed to provide annuitants a CMA. Some annuitants received a modest financial recovery. A needless, unfortunate episode for the insurers, underscoring the need to be vigilant when insurers transition, or runoff their product lines.
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Best’s Review has published “Standing the Test of Time” its annual report of insurance companies that have demonstrated their financial strength for half a century or more. Many current and past structured settlement annuity issuers make the list.
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Aviva Life and Annuity Company, along with its NY subsidiary, ceased issuing structured settlement annuities in December 2008. In 2013, Athene acquired Aviva’s annuity business. Aviva’s predecessors included Commercial Union Life, CGU Life, Aviva Life Insurance Company, and respective NY cos
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The structured settlement industry is buzzing about the abrupt decision of Aviva to cease writing NEW structured settlement business effective December 15, 2008. The company is NOT going out of business , it is simply stopping writing structured settlements.
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With the recent market turmoil, Aviva USA, parent of structured settlement annuity issuers, Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York is using a multimedia approach to take the opportunity over the next several weeks to emphasize the strength and stability of the company and its products to producers…
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Aviva Structured Settlements announced June 2008 that the US entity consolidation between Aviva Life Insurance Company and AmerUS to form Aviva Life and Annuity Company, originally scheduled for Summer 2008, is now scheduled for Fall 2008
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Aviva/Athene structured settlement lawsuit arose after it was discovered in 2014 that the Capital Maintenance Agreement instrumental to Aviva Life selling more than $1 billion in premium and over 4,200 structured settlement annuities was unilaterally terminated without notice to annuitants