Toronto (Canada) — Fasken Martineau, a leading international business law and litigation firm, informs that it advised Aviva Canada Inc. on its acquisition of RBC General Insurance Company for a total of C$582 million and a 15-year strategic agreement with RBC Insurance to provide a full suite of property and casualty (P&C) products to existing and future RBC Insurance customers.
Aviva Canada Inc. is one of the country’s leading providers of home, auto, leisure/lifestyle and business insurance. The addition of the existing RBC Insurance home and auto business to Aviva further strengthens its market position in Canada, and will increase Aviva Canada’s gross written premiums by approximately C$800 million.
As part of the agreement, approximately 575 RBC Insurance employees currently involved in underwriting, claims and other key functions will become part of Aviva Canada’s operations upon completion of the transaction.
Aviva Canada Inc. was assisted by a Fasken Martineau team led by Robert McDowell that included Koker Christensen (M&A, corporate and regulatory), Andrew Alleyne and Arun Krishnamurti (distribution), Andrew Nunes and Gabriel Stern (transition services), Ralph Nero (employment), Peggy McCallum (pension and benefits), Douglas New and Grant LoPatriello (competition), Marvin Mikhail (regulatory), Christopher Steeves and Paul Casuccio (tax), May Cheng (IP), and Maria Holder (real estate).
About Fasken Martineau
Fasken Martineau is a leading international business law and litigation firm. With more than 700 lawyers, the firm has offices in Vancouver, Calgary, Toronto, Ottawa, Montréal, Québec City, London and Johannesburg. For addition information, please visit the firm’s website at www. fasken.com.