Company to operate under BMO Life banner
Pure-play asset managers and private equity firms expected to benefit from industry restructuring
Unity Life of Canada has completed the agreement under which Unity Life has acquired the individual insurance business of Washington National’s Canadian branch, the company said Monday.Under the agreement with Washington National which was announced on Dec.1, 2008, Unity Life acquires the Canadian block of individual life insurance and occupational disability insurance policies pursuant to […]
Canadian companies were the acquirers in six of the top 10 North American deals in 2008
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