Aviva to buy Canadian MGA Optiom for £100mn

27 November 2023

Aviva has agreed to acquire MGA Optiom for £100mn (C$170mn) in a bid to grow its Canadian presence and expand its capital-light businesses there.

Backed by Aviva’s underwriting capacity, Optiom provides vehicle replacement insurance in Canada.

The deal is Aviva’s latest transaction, following the sale of its 25.9%

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Topics

News M&A Aviva

Jairo Ibarra

Senior Reporter