Aviva plc has acquired Optiom O2 Holdings Inc for approximately £100 million, enhancing its position in the Canadian insurance market.

Target Information

Optiom O2 Holdings Inc (“Optiom”) is a prominent firm in the Canadian insurance sector, recognized for its innovative solutions and specialized services. Through this acquisition, Aviva plc aims to leverage Optiom's established market presence and expertise to enhance its own operations in Canada.

With a solid track record in specialty lines, Optiom brings valuable capabilities that align with Aviva's strategic objectives for growth and diversification in the rapidly evolving Canadian market.

Industry Overview in Canada

The Canadian insurance industry has demonstrated resilience and growth in recent years. Governed by robust regulations, the market has seen a steady increase in

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Aviva plc

invested in

Optiom O2 Holdings Inc

in 2023

in a Other deal

Disclosed details

Transaction Size: $59M

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