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Keyword: Acquisition

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Germany-based Munich Re is acquiring Canada’s Group Health Group Holdings Inc. Munich Re New Ventures Inc., which previously held a 40 per cent stake in GroupHEALTH, will now own 100 per cent of the company. Matt Houghton, chief executive officer of GroupHEALTH, will continue to lead the company with his executive team, according to a […]

  • By: Staff
  • March 8, 2021 March 16, 2021
  • 09:00
Navacord acquiring Ontario-based benefits firm

Navacord Corp. is further expanding its group benefits business by acquiring Penmore Benefits Inc. A division of The Penmore Group, Concord, Ont.-based Penmore Benefits Inc., provides comprehensive benefits and retirement programs, including international benefits, for small- to medium-sized businesses across both private and public sectors. The company will continue to operate independently and maintain its commitment […]

  • By: Staff
  • February 8, 2021 March 26, 2021
  • 09:00
Caisse-backed investment trust acquiring India highway

The Caisse de dépôt et placement du Québec is investing in its first transportation project with the purchase of a 67-kilometre highway in India. The asset will be the Caisse’s first acquisition through its new investment trust dedicated to road infrastructure in India, noted a press release. Project operations started in December 2011, with an […]

  • By: Staff
  • January 21, 2021 April 14, 2021
  • 15:00
Canada Life absorbing TD Bank Future Builders’ RSP program plan members

The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to focus […]

  • By: Staff
  • January 6, 2021 April 14, 2021
  • 09:00
Goldman Sachs acquiring People Corporation for $1.13B

Goldman Sachs Group Inc.’s merchant banking division is acquiring Manitoba-headquartered People Corporation Inc., for an estimated total equity value of $1.13 billion. “This transaction delivers tremendous value for our shareholders while creating the conditions that will enable our team to write People Corporation’s next chapter,” said Laurie Goldberg, executive chairman and chief executive officer of […]

  • By: Staff
  • December 15, 2020 December 15, 2020
  • 15:00
Green Shield Benefits Association acquiring Benecaid

The Green Shield Benefits Association, part of the Green Shield Canada group of companies, is acquiring Benecaid Health Benefit Solutions Inc. The company’s current leadership team will continue to operate the business under the Benecaid brand, according to a press release. “Benecaid’s track record of service excellence, growth and innovation, including its Honeybee digital platform, […]

  • By: Staff
  • November 27, 2020 November 27, 2020
  • 15:00
Gallagher acquiring Quebec-based Optimum Talent

Arthur J. Gallagher & Co. is acquiring integrated talent management firm Optimum Talent Inc. With this acquisition, the Quebec-based company will gain access to Gallagher’s resources, enabling it to further enhance its plan sponsor offerings, noted a press release. As well, the merger will allow Gallagher to expand its reach in the benefits and human resources consulting […]

  • By: Staff
  • November 6, 2020 November 6, 2020
  • 15:00

Hub International Ltd. is acquiring Clearpoint Benefits Solutions, which includes Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. Clearpoint, which is located in Edmonton, with additional locations in Grande Prairie, Alta. and Fairview, Alta., is a benefits and retirement consulting firm. Read: Hub International acquires assets of Toronto-based benefits firm “Clearpoint is […]

  • By: Staff
  • October 6, 2020 November 16, 2020
  • 15:15

Navacord Corp. is expanding its group benefits business by acquiring British Columbia-based independent benefits brokerage Dehoney Financial Group. Dehoney, which has been in business for 40 years, provides benefits and retirement consulting, administration and life insurance products for executives and employees, working with a mix of public and privately owned Canadian companies. Read: Navacord acquiring Ontario-based […]

  • By: Staff
  • September 9, 2020 November 17, 2020
  • 15:00

Navacord Corp. is acquiring Cooke Capital, a group benefits plan provider based in Prince Edward Island, effective Aug. 13, 2020. The partnership aims to combine the two companies’ insurance and benefits lines of business, supporting Navacord’s business strategy to provide more robust product offerings as it expands its benefits practice. Read: Navacord acquiring Ontario-based benefits […]

  • By: Staff
  • August 18, 2020 November 24, 2020
  • 15:20