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International

Aviva Canada completes acquisition of RBC General Insurance

July 04, 2016 Reprints

Insurer Aviva Canada Inc. has completed the acquisition of Royal Bank of Canada's RBC General Insurance Co., reported CanadasBiz.net.

The deal includes a 15-year strategic agreement with RBC Insurance through which Aviva Canada will provide policy administration and claims services.

Under the deal, RBC Insurance's customers can buy Aviva Canada's property/casualty products.

About 550 employees of RBC Insurance will join Aviva Canada with the acquisition.

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Aviva Canada completes acquisition of RBC General Insurance

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