By Maria Ward-Brennan The Competition and Market Authority (CMA) has launched a merger inquiry into the acquisition of AIG Life by Aviva. It was announced last September that Aviva was acquiring the US giant protection business from its subsidiary Corebridge Financial for a quoted price of £460m. The business Aviva is buying provides has 1.3m individual protection customers and 1.4m group protection members, which the insurers aim is to accelerate its growth in this market. AIG bought the specialist life risk protection business known as Ellipse from reinsurer Munich Re back in 2018. Ellipse l…