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Paid Uniting industries to tackle the auto theft crisis

November 28, 2023 AVIVA Canada

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

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News AnnouncementsBrokersInsuranceMergers and AqcuisitionsMGAs

Aviva Canada to acquire “capital light” MGA

November 27, 2023 by David Gambrill

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

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News ClaimsCommercial LinesEarnings / RatingsInsurance

Aviva Canada CEO’s take on the commercial lines market

August 17, 2023 by David Gambrill

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

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News ClaimsClimate ChangeEarnings / RatingsInsurance

Aviva Canada’s first-half experience in personal lines

August 16, 2023 by David Gambrill

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

News Insurance

Paid Taking pride in building a diverse and inclusive workplace

June 20, 2023 AVIVA Canada

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

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News AnnouncementsEarnings / RatingsInsurance

What’s behind Aviva Canada’s 2023 Q1 growth

June 12, 2023 by David Gambrill

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

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News CatastrophesClaimsClimate ChangeEarnings / RatingsInsuranceRisk

Six to 10% of Canadian homes aren’t insurable for flooding, industry stats show

March 10, 2023 by David Gambrill

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

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News AnnouncementsEarnings / RatingsInsurance

Where Aviva Canada’s 2022 results rank them in Canada’s P&C marketplace

March 9, 2023 by David Gambrill

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, CFO, Aviva Canada
News AnnouncementsAppointmentsInsurance

Meet Aviva Canada’s new CFO

November 21, 2022 by David Gambrill

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

News Insurance

Paid How Consumers Can Be in the Driver’s Seat When It Comes to their Auto Insurance

June 1, 2022 Phil Gibson; EVP and Managing Director, Personal Insurance, Aviva Canada

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

News AnnouncementsCommercial LinesEarnings / RatingsInsurance

The line that drove Aviva Canada’s 2022 Q1 premium growth

May 20, 2022 by David Gambrill

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%

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News Risk

Aviva reveals Top 5 risks facing Canadian businesses

March 10, 2022 by Alyssa DiSabatino

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