Aviva buys RBC's general insurance business for $400 mln

January 21, 2016 1:04 PM

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LONDON Jan 21 British insurer Aviva 's Canadian division said on Thursday it was buying the general insurance division of Canadian bank RBC for C$582 million ($402.57 million).

Around 575 RBC Insurance employees will become part of Aviva Canada's operations as a result of the acquisition of RBC General Insurance, Aviva Canada said in a statement.

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