Unity Life of Canada has completed the deal for the insurance business of Forethought Financial Group’s Canadian branch, Forethought Life Insurance Co., the company said Friday.Under the agreement with Forethought Financial, which was announced on Oct. 31, 2008, Unity Life acquires the Canadian block of approximately 20,000 funeral funding insurance policies, including net assets of […]
US$606 million cash and stock deal for thinkorswim
The Ontario Superior Court of Justice on Wendesday issued the final order in respect of the proposed sale of Loring Ward International Ltd. to Werba Reinhard Holdings Ltd., a subsidiary of Werba Reinhard, Inc.As announced earlier this week, at a special meeting held on Jan. 5, shareholders approved the transaction which will result in shareholders […]
Deal expected to close on Jan. 30
Industrial Alliance Insurance and Financial Services Inc. has completed the transaction to acquire DundeeWealth Inc.’s mutual fund advisory and insurance network of financial advisors who are registered in the province of Quebec, the two firms said Monday.Industrial Alliance and DundeeWealth first announced the deal on Nov. 3, 2008. The transaction closed on Dec. 31.IE
J.P. Morgan to acquire Canadian energy business from UBS
Alternative asset manager GLG Partners, Inc. is acquiring Société Générale Asset Management UK, Société Générale’s long-only asset management business in the UK, for cash.Under the terms of the deal, GLG will acquire SGAM UK’s operations, which had approximately US$8.2 billion of assets under management as of November 30, and its investment and support staff, based […]
Deal advances strategy to build business of integrated private wealth management services to international clients
Despite lower activity, many of the deals that took place were a result of market turmoil
Sun Life to continue distribution arrangement with CI