Sale 'part of plan to transform UK general insurance business'
Aviva is to sell RAC Auto Windscreens to Arques Industries.
The gross assets of the business, a supplier of auto glass repair and replace services, totalled £40 million as at 30 September 2008.
Aviva acquired RAC Auto Windscreens - which operates a network of around 100 fitting centres and 700 mobile units - as part of the purchase of RAC in 2005. The business services a wide-range of clients including market leading insurers, insurance brokers and fleets.
Aviva's UK general insurance chief executive, Igal Mayer, said: "This sale is part of our on-going programme to transform our UK general insurance business through an increased focus on our core insurance and vehicle breakdown activities, allowing us to provide a first-rate service to our customers. I'm delighted that we'll continue to have a working relationship with RAC Auto Windscreens in the future through a long-term contract to supply glass to Aviva's UK general insurance business."
The deal is expected to complete by the end of the year.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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