Aviva has agreed to acquire Barclays UK’s home insurance portfolio, which comprises 350,000 customers. For the past 18 years, Aviva has administered, underwritten, and provided servicing and claims management for Barclays home insurance customers.
Owen Morris, MD personal lines at Aviva UK General Insurance, said: “This is a fantastic opportunity to acquire an established home insurance book and reflects the strong relationship we’ve had with Barclays for 18 years.
“Importantly, this acquisition will also allow Barclays customers to continue to benefit from Aviva’s leading underwriting and home insurance claims expertise. It is an important strategic step in growing our direct personal lines portfolio and achieving our One Aviva ambitions.”
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