Piper Jaffray has agree to acquire BMO Capital Markets GKST, BMO’s municipal bond sales, trading and origination business for an undisclosed amount.
Royal Bank of Canada has agreed to sell its Switzerland-based private banking business to SYZ Group for an undisclosed amount.
Marsh & McLennan Agency (MMA) has acquired Vézina, an independent insurance brokerage firm in Montreal, Quebec for an undisclosed amount.
Great-West Lifeco's European subsidiary, Canada Life Group, has completed its previously announced acquisition of Legal & General International (Ireland) Limited (LGII).
Manulife's U.S. division, John Hancock Financial, has successfully completed its reinsurance transaction through which New York Life has assumed, on a reinsurance basis, a net 60% interest in John Hancock's in-force participating life insurance closed block, which was written prior to John Hancock's demutualization in 2000.
Aetna has agreed to acquire rival health insurer Humana for US$37 billion in cash and stock.
Insurance broker Willis Group Holdings and Towers Watson have agreed to an all-stock merger of equals transaction. The combined company will be called Willis Towers Watson.
BMO Financial Group has reached an agreement to sell its U.S. retirement services business to One America for an undisclosed amount.
Sun Life Financial is acquiring real estate investment manager Bentall Kennedy Group for $560 million.
The Co-operators has purchased a majority interest in The Edge Benefits for an undisclosed amount.