Agency holds Desjardins’ rating stable following announced purchase of State Farm Canada
Purchase includes State Farm Canada’s property and casualty and life insurance, Canadian mutual fund, loan and living benefits businesses
The value of M&A transactions increased 9.7% in Q3
Institutional Shareholder Services’ parent company is exploring strategic alternatives for the firm, including a possible sale
Fairfax still has the option to exit the deal
Deal far from certain
Reports says there were 234 transactions announced in Q2
Higher valuations and inflow of alternative capital could mean more M&A activity in reinsurance
Once the transaction is completed, Richardson GMP will have $28 billion in assets under administration
The two companies are now joined under the B2B Bank brand