The buyer of Aviva USA intends to trim about 90 Aviva jobs in the Des Moines, Iowa-area as it cuts about 10 percent of the insurer’s workforce.
The Des Moines Register says Aviva employees were told about the cutbacks in a letter sent by Jim Belardi. He’s chief executive officer of Apollo Global Management’s Athene insurance arm.
The job cuts will come after the expected close of the deal on Oct. 1. Iowa Insurance Commissioner Nick Gerhart approved the sale on Aug. 15. The companies announced the $1.8 billion transaction in December.
Aviva will be rebranded Athene USA and will continue to be based in the West Des Moines headquarters Aviva built in 2010.