Aviva Canada aquires RBC General Insurance

By anna smith

Aviva Canada Inc. announced the completion of its acquisition of RBC General Insurance Company. The previously announced transaction involves a 15-year strategic agreement with RBC Insurance through which Aviva Canada will provide policy administration and claims services. RBC Insurance will access Aviva Canada’s full suite of property and casualty (P&C) products. RBC Insurance will continue to market and sell these products under the RBC Insurance brand.

Aviva Canada is a leading property and casualty groups Canada. It provides home, automobile, leisure/lifestyle and business insurance to more than three million customers.

This acquisition further strengthens Aviva’s market in Canada. It will increase gross written premiums by approximately $800 million Canadian dollars, and is consistent with Aviva’s strategy to provide consumers with choice about how they access insurance solutions. Around 550 RBC Insurance employees will join Aviva Canada and provide dedicated support to RBC Insurance business.
 

Follow @BizReviewCANADA

Read the July 2016 issue of Business Review USA & Canada magazine

Share
Share

Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital