The Alberta Investment Management Corp. is considering purchasing a stake in the Trans Mountain pipeline, according to a report by BNN Bloomberg. “We have an active file on Trans Mountain,” said Evan Siddall, chief executive officer at the AIMCo, in the report. “We would look at it. The government knows that and we’re keeping track of the situation.” […]
The Caisse de dépôt et placement du Québec is investing $12 million to facilitate the acquisition of Vancouver-based CWA Engineers Inc. by engineering consulting firm Norda Stelo Inc. The acquisition is expected to be completed in the next six months and the Caisse’s investment will “help drive [Norda Stelo’s] activities to its next stage of growth,” […]
Hub International Ltd. is acquiring Montreal-based CGC Consultants Inc. CGC is an advisory firm that specializes in human resources strategy, recruitment, pay equity, global compensation, governance and communication, according to a press release, which noted Claudio Gardonio, managing partner at CGC, will join Hub Quebec. Read: Hub acquiring Calgary benefits provider Hub is also acquiring […]
Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]
Arthur J. Gallagher & Co. has completed its acquisition of BCHR Holdings — also known as Buck — for US$660 million. Through the agreement, Gallagher will expand its retirement, benefits and human resources consulting services in Canada, the U.S. and the U.K., according to a press release. Buck’s team of 2,300 employees will operate under the direction […]
Acera Insurance is merging with Fairfield Watson Inc., a Calgary-based consulting firm specializing in employee benefits, insurance and retirement. The new company will retain the Acera name with Tony Fairfield, founding partner of Fairfield Watson, serving as president of group benefits. The merger will strengthen Acera’s ability to provide insurance, group benefits and risk mitigation solutions across Canada, […]
An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers 2. Co-operators acquiring Smart Employee Benefits […]
Co-operators Financial Services Ltd. is acquiring Mississauga, Ont.-based Smart Employee Benefits Inc. Following the acquisition, Smart Employee Benefits will continue to operate as a standalone entity, according to a press release. Read: Gallagher acquiring Buck for US$660 million “We are confident that Smart Employee Benefits is well-positioned to expand its offerings to meet the needs […]
Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]
Insurance broker Lussier Inc. is acquiring human resources consultancy Matière Grise. The acquisition will allow the Quebec-based broker to expand its employee benefits consulting services, including compensation, occupational health and safety, safety groups, group insurance and pension plans, according to a press release. Read: Telus completes acquisition of LifeWorks “Through its recognized expertise and its […]