Monday, 4 July 2016

Aviva closes acquisition of RBC General Insurance

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Aviva closes acquisition of RBC General Insurance


550 RBC Insurance employees joined Aviva’s staff


Staff on July 4, 2016


Mergers_3

Aviva Canada has completed the acquisition of RBC General Insurance, it announced last Friday. The acquisition  is expected to expand Aviva’s gross written premiums by approximately $800 million.

Read: Aviva acquires RBC General Insurance for $582M


The merger, which was first announced in January, includes a 15-year strategic agreement between Aviva and RBC, in which Aviva will administer policies and claims, and offer their full range of P&C products to RBC customers.


The acquisition will add 550 RBC Insurance employees to Aviva’s staff.


 



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Aviva closes acquisition of RBC General Insurance

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