The Great West Life Assurance Co. has completed its acquisition of Canadian managing general agency Financial Horizons Inc.

Initially established as a financial planning firm in 1990, Financial Horizons now provides life, health, employee benefits, pension, investments, structured settlements and risk management products and services to financial advisors. It serves customers across Canada through a network of 6,600 advisors.

“As part of our Canada transformation, we are committed to investing in new capabilities for our business,” said Stefan Kristjanson, president and chief operating officer for Canada at Great-West Life, in a news release. “This strategic acquisition gives our organization a strong presence in the growing independent [managing general agency] sector of the Canadian market.”

Read: How has the group insurance market changed since 1977?

The agency will continue to operate independently and retain its existing management team including, current president and chief executive officer John Hamilton.

Copyright © 2018 Transcontinental Media G.P. Originally published on benefitscanada.com

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