TORONTO, July 1, 2016 /CNW/ - Aviva Canada Inc. announces the completion
of its acquisition of RBC General Insurance Company.
The previously-announced transaction includes a 15-year strategic
agreement with RBC Insurance through which Aviva Canada will provide
policy administration and claims services, and RBC Insurance customers
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.
This acquisition further strengthens Aviva's market position in Canada,
increasing gross written premiums by approximately CAD$800m, and is
consistent with Aviva's strategy to provide consumers with choice about
how they access insurance solutions. Approximately 550 RBC Insurance
employees will join Aviva Canada and provide dedicated support to the
RBC Insurance business.
About Aviva Canada
Aviva Canada is one of the leading property and casualty insurance
groups in the country providing home, automobile, leisure/lifestyle and
business insurance to more than three million customers. A wholly-owned
subsidiary of UK-based Aviva plc, the company has more than 4,000
employees, 27 locations across Canada and approximately 1,500
independent broker partners.
Aviva Canada invests in positive change through the Aviva Community
Fund, Canada's longest running online community funding competition.
Since its inception in 2009, the Aviva Community Fund has awarded $6.5
million to over 222 charities and community groups nationwide.
For more information visit avivacanada.com, our blog or our Twitter, Facebook and LinkedIn pages.
SOURCE Aviva Canada Inc.
Image with caption: "Aviva Canada Inc. (CNW Group/Aviva Canada Inc.)". Image available at: http://photos.newswire.ca/images/download/20160701_C9271_PHOTO_EN_44772.jpg
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