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Daily Insurance Industry News
Sunday 26th of May 2019
December 1, 2008

Aviva sells off RAC Auto Windscreens

by David Masters

Story link: Aviva sells off RAC Auto Windscreens

Aviva sells off RAC Auto Windscreens

Insurance giant Aviva has announced the sale of its RAC Auto Windscreens unit to Germany-based Arques Industries AG for an undisclosed sum.

Aviva said it is selling the business as part of a streamlining strategy to increase focus on core operations.

RAC Auto Windscreens is an auto glass repair and replace subsidiary of roadside rescue firm RAC, acquired by Aviva in 2005.

It employs 1,800 people across the UK, operates 100 fitting centres and 700 mobile units, and has total assets of £40 million.

Clients of the business are wide ranging, and include market leading insurers, insurance brokers, and fleets.

Igal Mayer, chief executive of general insurance at Aviva UK, said the company had chosen to sell RAC Auto Windscreens as part of an ongoing programme to transform its general insurance business.

Mayer said Aviva’s focus on core insurance and vehicle breakdown cover will increase, allowing the company to provide a ‘first rate service’ to customers.

RAC will continue its working relationship with RAC Auto Windscreens.

The deal is expected to be completed by the end of the year.

 

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