Apollo Said to Be Lead Contender to Buy Aviva’s U.S. Life Unit

Apollo Said to Be Lead Contender to Buy Aviva’s U.S. Life Unit

Chris Ratcliffe/Bloomberg

Apollo Global Management LLC is in the lead to buy Aviva Plc’s U.S. life insurance and annuities unit, positioning the buyout firm to beat Philip Falcone’s Harbinger Group Inc., said people with knowledge of the matter.