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Aviva completes acquisition of Optiom

January 5, 2024 (London, UK) – Aviva plc (“Aviva”) today announces that its Canadian business has completed the acquisition of Optiom O2 Holdings Inc (“Optiom”) for consideration of c.£100m¹ (c.CAD$170m). The acquisition supports Aviva’s capital-light growth in the attractive Canadian market and strengthens Aviva Canada’s specialty lines business and distribution capabilities.

The acquisition of Optiom was announced on 27 November 2023.

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¹Based on GBP/CAD spot rate of 1.69 as at 3 January 2024.

Media Contact:

Kelsie Ludlow
Email: kelsie.ludlow@aviva.com
Tel: 437-331-7209

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Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, lifestyle, and business insurance to 2.5 million customers coast to coast. A subsidiary of UK-based Aviva plc, we have the financial strength, scale and are a trusted insurance provider globally for more than 325 years.

For more information, visit aviva.ca or Aviva Canada’s blog, LinkedIn and Instagram pages.

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