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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

About Aviva Canada

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. As a subsidiary of UK-based Aviva plc, Aviva Canada has more than 4,000 employees focused on creating a sustainable future for our people, our customers, our communities and our planet. In 2021, Aviva plc announced Aviva’s global ambition to become a net zero carbon emissions company by 2040.

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

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