Aviva to acquire Canadian vehicle replacement insurance business, Optiom ...Middle East

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Aviva to acquire Optiom for consideration of c.£100m1 Supports Aviva’s capital-light growth in attractive Canadian market Strengthens Aviva Canada’s specialty lines business and distribution capabilities Aviva plc (“Aviva”) today announces the acquisition of Optiom O2 Holdings Inc (“Optiom”) from Novacap and other minority shareholders for consideration of c.£100m1 (c.CAD$170m). Optiom, which operates as a managing general agent (“MGA”), is a leading provider of vehicle replacement insurance in Canada and offers flexible payment options to customers. The acquisition expands Aviva’s capital-light businesses, which make up over half of Aviva’s portfolio, and grows Aviva Canada’s presence i

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Aviva to acquire Canadian vehicle replacement insurance business, Optiom ...Middle East

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