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.
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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