Insurance and financial servicesInsurance and financial services


Québec International and the people of Quebec City stand in solidarity with the local Muslim community

Press releases - Québec International would like to take this opportunity to express its solidarity with all of Quebec City's Muslim community in the wake of last night's tragic events at the local Islamic cultural centre (Centre culturel islamique de Québec).

Desjardins Financial Security reports an excellent start to the year

News - At the end of the first quarter of 2016, Desjardins Financial Security (DFS), a subsidiary of Desjardins Group specializing in life insurance, health insurance and retirement savings, posted net income of $99.1 million, compared to $79.8 million for the same period last year.

Desjardins Group records surplus earnings of $ 382 million

News - At the end of the first quarter ended March 31, 2016, Desjardins Group, Canada's largest cooperative financial group, posted $382 million in surplus earnings before member dividends—a decline of $82 million compared to the same quarter of 2015.

Guy Cormier elected Chair of the Board, President and CEO of Desjardins Group

News - A special meeting was held in Lévis to elect the next president of Desjardins Group. The 256 Desjardins officers from Quebec and Ontario that make up the organization's Electoral College elected Guy Cormier as Desjardins Group's new Chair of the Board, President and CEO. Mr. Cormier, currently Senior Vice-President, Cooperative Network and Personal Services, takes over from Monique F. Leroux, who has led the organization since March 2008.

Desjardins Group results for 2015

News - At the end of the fiscal year ended December 31, 2015, Desjardins Group, Canada’s largest cooperative financial group, posted $1,959 million in surplus earnings before member dividends, for growth of $366 million or 23.0% compared to fiscal 2014.

2016 International Summit of Cooperatives: Over 2,000 participants expected

News - On the heels of the widely successful 2012 and 2014 summits, Desjardins Group and the International Co-operative Alliance will hold the third annual International Summit of Cooperatives at the Québec City Convention Centre, October 11–13, 2016. Over 2,000 decision-makers, managers and leaders of cooperatives and mutual enterprises will be in attendance, as well as business people from 93 countries. Québec City will benefit tremendously from hosting this international event, with the hotel industry expecting more than 6,000 overnight stays. Spinoffs generated by the event are estimated at over $3 million.

iA Financial Group acquires BBA Financial Group

News - iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) announced today the signing of an agreement to acquire the operations of BBA Financial Group, a Quebec‐based brokerage firm with around 200 representatives which specializes in the distribution of life and health insurance products. This transaction reflects iA Financial Group's strategic focus on adding new distribution in its retail insurance and wealth management operations.

Monique F. Leroux elected President of the International Co-operative Alliance

News - Desjardins Group takes pride in Monique F. Leroux's appointment to the position of President of the lnternational Co-operative Alliance (ICA). Founded in 1895, the ICA has its headquarters in Brussels, Belgium, and its mission is to support and promote the development of the cooperative movement worldwide. The election took place during the ICA's General Assembly in Antalya, Turkey. Desjardins Group's Chair of the Board, President and CEO was one of four candidates in the running. The other candidates represented Argentina, Brazil and France. Ms Leroux is the first Canadian and first North American to be appointed to this prestigious role, replacing Dame Pauline Green who had been at the helm of the ICA since 2009.

Industrial Alliance Agrees to Acquire Privately‐Owned CTL Corporation

News - Industrial Alliance Insurance and Financial Services Inc. announced an agreement to acquire Ontario‐based CTL Corp. (“CTL”), the largest privately‐owned consumer vehicle finance company in Canada. The transaction was completed on October 2, 2015.

Desjardins Financial Security records growth in premiums and individual insurance sales

News - At the end of the first two quarters of 2015, Desjardins Financial Security, a subsidiary of Desjardins Group, specializing in life insurance, health insurance and retirement savings, recorded $240.5 million in net income, compared to $194.8 million for the same period in 2014. Gross insurance premiums grew to $1,940.6 million, an increase of $155.5 million or 8.7% over 2014, nearly $68.0 million of which was generated by State Farm Canadian operations.


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