May 2014

Insurance and financial services industry fact sheet

Fact sheet on the insurance and financial services industry in the Quebec City region. Produced by Quebec International.


Desjardins Group to acquire State Farm® Canada businesses

Desjardins Group, the leading cooperative financial group in Canada, and State Farm®, the largest P&C mutual insurance company in the United States, today announced that they have entered into a definitive agreement under which Desjardins Group will purchase State Farm Canada’s businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies.


René Hamel earns 5th place in Quebec's financial industry's Top 25

SSQ Financial Group is both proud and pleased about the news that Canadian trade publication Finance et Investissement has awarded the company's chief executive officer Mr. René Hamel 5th place in Quebec's financial industry's Top 25. "I want to share this honour with all of SSQ Financial Group's managers and employees. If today I am at the head of a financially sound and healthy company that ranks among Canada's top players in the insurance and financial services industry, it is because of their support and dedication," said René Hamel.


Industrial Alliance gets authorization to administer the federal Pooled Registered Pension Plan (PRPP)

Industrial Alliance is pleased to announce that it was granted a licence by the Office of the Superintendent of Financial Institutions (OSFI) to administer the federal pooled registered pension plan (PRPP). The PRPP is a new pension plan offered to Canadian companies and self-employed workers who operate under federal jurisdiction, as well as companies and self-employed workers in Yukon, Nunavut and the Northwest Territories. Industrial Alliance will be able to offer the PRPP as soon as the final administrative formalities are processed by government authorities.


Raymond Chabot Grant Thornton and Desjardins Group - A Winning Collaboration

Raymond Chabot Grant Thornton and Desjardins Group announced today the beginning of a sustainable, structured collaborative effort to help immigrant investors wishing to live in Quebec and Canada and contribute to the country’s prosperity.


Penncorp becomes La Capitale Financial Security

One of Canada's leading disability insurance providers, Penncorp Life Insurance Company is pleased to announce that, effective January 6, 2014, it will be known as La Capitale Financial Security Insurance Company. Along with this name change, the company will take on a new visual identity with the colours of La Capitale Financial Group, its parent company since 2006.