Illinois-based Guggenheim Life is in the lead to acquire some or all of Aviva's (AV) U.S. unit...

|About: Aviva plc (AV)|By:, SA News Editor

Illinois-based Guggenheim Life is in the lead to acquire some or all of Aviva's (AV) U.S. unit in a deal that could value the ops at £800M, around £200M below previous estimates, The Daily Telegraph reported over the weekend. Aviva recently wrote down the value of the subsidiary by £876M and could be willing to take a further hit, as a sale will free up around £2B of capital.