TORONTO, ON, April 9, 2008 – Aviva Canada Inc. is pleased to announce that it has reached an agreement to acquire the business of National Home Warranty Group of Companies (National Home). The deal is expected to close within the next 90 days.
National Home, Western Canada�s leading provider of new home warranty coverage to thousands of new home purchasers, provides peace of mind to Canadians in what is often their single most important and largest lifetime purchase. National Home has a tremendous reputation of working with some of Canada�s best homebuilders to ensure that homes are built to a very high standard.
�This acquisition will add momentum to our already strong drive for growth in Western Canada,� says Ross Betteridge, Executive Vice President and COO, Corporate Partnerships and Emerging Markets, Aviva Canada Inc. “It will also leverage Aviva Canada’s expertise in both construction insurance and surety along with our unique specialty lines and warranty products.�
About Aviva Canada Inc.
Aviva Canada Inc. is one of the leading Property and Casualty insurance groups in Canada, providing home, automobile and business insurance to more than three million customers. Our group of companies has more than 3,200 employees, 40 locations and more than 3,000 independent broker partners. Aviva Canada Inc.�s products and services are delivered across the country through its operating entities: Aviva Pilot; Aviva Traders; Aviva Elite; Aviva Scottish & York; Aviva Insurance Company of Canada; and S&Y Insurance Company. Aviva Canada Inc. is a wholly-owned subsidiary of UK-based Aviva plc, the world�s fifth largest insurance group. Please visit our web site at avivacanada.com.
About National Home Warranty Group of Companies
National Home, a privately-held-for-profit Managing General Agent (MGA), has been in the business of providing new home warranties since 1990. National Home�s head office is in Edmonton but it has marketing and risk management operations in Winnipeg, Calgary, Kelowna, Vancouver, and Cloverdale. It employs about 90 people who deliver real value to more than 3,500 home builders and its three business lines are: warranty products, insurance products, and technical services. For more information visit National Home�s website at www.nationalhomewarranty.com.Tags: outlook, report, Valen Analytics