Connect with us

Hi, what are you looking for?

News

RBC sells Canadian GI biz to Aviva

The Royal Bank of Canada has closed a deal with Aviva Canada to sell its general insurance business. It will also move some of its employees to Aviva. RBC will receive about $582 million from the sale of the home and auto insurance business and RBC estimates it will realize a $200-million after-tax net gain from the deal, which will close sometime between July and September. Aviva Canada will also provide a full suite of property and casualty insurance to RBC customers, including home and auto, under a 15-year strategic agreement with the bank. Policyholders won’t be affected at this time.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Trending

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.