IE Staff
(September 8 – 17:30 ET) – The Co-operators has received final
regulatory approval to acquire L’Union Canadienne compagnie
d’assurances, also known as Canadian Union.
Canadian Union is a general insurance subsidiary of Unindal Inc.
of Sillery, Quebec. The operations of Canadian Union will be merged
with those of the Sovereign General Insurance Company, the unit of
the Co-operators group dedicated to brokerage distribution.
The company says the acquisition will provide additional commercial
insurance support to Canadian Union’s broker customers.
-IE Staff
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