Canada’s auto theft rates have reached crisis levels. With provinces across the country experiencing double digit increases in the first half of this year, the industry is estimating $1 billion in losses for 2023. The financial and emotional stress associated…
Aviva Canada is acquiring Optiom O2 Holdings Inc., a managing general agent (MGA) that specializes in vehicle replacement insurance in Canada. The $170-million Cdn deal is subject to regulatory approval and is expected to close in the first quarter of…
Canada’s commercial lines market is starting to become more competitive in certain segments after a few years of a hard market during the post-COVID period, Aviva Canada’s CEO observes. But future economic uncertainty suggests insurers aren’t yet ready to plunge…
Aviva Canada’s 2023 half-year results in personal lines are a mixed bag, with strong results on the personal property side, but the insurer is taking initiative to shore up its personal auto results. Overall, the company reported half-year growth of…
Continuing a tradition they started in 2018, Aviva Canada has garnered a contingent to participate in this year’s Toronto Pride Parade on June 25. Taking the lead are Aviva’s CEO Jason Storah, and several members of the executive team, including…
Aviva Canada grew its overall property and casualty gross written premiums (GWP) by 9% in 2023 Q1, largely on the strength of rate increases, a benign catastrophe season, and despite the fact claims frequency is increasing to pre-pandemic levels. In…
When it comes to Canadian homes being resilient against severe water damage wrought by climate change, a significant portion of them aren’t insurable for flooding, says Aviva Canada CEO Jason Storah. Storah was speaking to Canadian Underwriter about the company’s…
Aviva Canada’s year-end 2022 P&C results have vaulted the company into second place in the Canadian market, the company’s CEO announced Thursday. “Aviva Canada delivered strong results for fiscal year 2022, achieving a combined operating ratio of 92.5% (90.7% in…
Nav Dhillon will join Aviva Canada as Chief Financial Officer, starting December 2022. “I’m delighted to welcome Nav into Aviva’s executive leadership team,” Aviva Canada CEO Jason Storah said in an announcement. “Nav brings with him a broad range of experience in…
With warmer weather, many of us are thinking of spending more time outdoors, and for some this includes taking a cross country road trip. We’ve noticed that driving activity has been returning to pre-pandemic levels, and with inflation and gas…
Commercial lines premiums at Aviva Canada grew by 17% in 2022 Q1 (13% at constant currency), according to the company’s quarterly financial results. “Sixty per cent of the growth overall [in commercial lines] is coming from rate and about 40%…
Public health events proved to be the top threat across the board for Canadian businesses in 2021 – and most businesses plan to review their insurance policies in the next year, new research shows. Cybersecurity incidents, the health and mental well-being…