- Category: Economic
- Published Thursday, January 21, 2016
- CTV News
TORONTO -- Royal Bank of Canada is selling RBC General Insurance to Aviva Canada for $582 million.
The bank has also signed Aviva Canada to provide a full suite of home and auto insurance to RBC customers under a 15-year strategic agreement.
As part of the agreement, about 575 RBC employees will move to Aviva.
The bank (TSX:RY) says its policyholders won't be affected at this time.