Aviva completes acquisition of Optiom

Aviva PLC
05 January 2024
 

5 January 2024

                                                                                                                                                                                                        

Aviva completes acquisition of Optiom

 

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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Enquiries:

 

Media:

 

Andrew Reid                                                                                     +44 (0)7800 694 276

Marion Fischer                                                                                 +44 (0)7800 693 219

 

Analysts:            

 

Rupert Taylor Rea                                                                          +44 (0)7385 494 440

Michael O'Hara                                                                               +44 (0)7837 234 388

 

Notes to editors:

 

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

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