July 2012

Desjardins Group puts down roots in the West

Following her first visit to the Western Financial Group offices in High River, Monique F. Leroux, Chair of the Board, President and Chief Executive Officer of Desjardins Group, presented the cooperative group's business strategy for Western Canada to a business audience at the Calgary Chamber of Commerce.


RSA Canada announces agreement to acquire L'Union Canadienne

Home, car and business insurer RSA Canada has agreed to acquire L'Union Canadienne, a Quebec-based intermediated P&C insurer, from its parent company Co-operators General Insurance Company (CGIC) for $150 million, pending regulatory approval, and other standard closing adjustments and conditions.


Corporate Knights magazine ranks Desjardins Group first among its “Best 50 Corporate Citizens in Canada”

The highly regarded magazine Corporate Knights announced that it has ranked Desjardins Group first on its list of the Best 50 Corporate Citizens in Canada. The magazine’s annual honour roll of companies is compiled using 11 indicators that measure social and environmental performance and corporate governance.


The Caisse invests an additional $20 million in SSQ, Life Insurance Company

he Caisse de dépôt et placement du Québec announced today that it increased its investment in SSQ, Life Insurance Company Inc. ("SSQ"). The value of a $30-million loan, in the form of a subordinated debenture, was increased by $20 million, to total $50 million. Additionally, this debenture's December 18, 2016 maturity was extended to December 18, 2022, for a 10-year term.


Industrial Alliance Completes Merger of Vancouver-based Subsidiary

Industrial Alliance Completes Merger of Vancouver-based Subsidiary

The former Industrial Alliance Pacific operations, which continue to be based in Vancouver, will now operate under the Industrial Alliance banner. It continues to offer services in individual insurance, wealth management, creditor insurance and extended warranties, and special market risks.