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Aon and Willis Towers Watson set to merge

Aon and Willis Towers Watson are set to join forces in an all-stock deal for a combined implied value of about $80 billion. The new company will be called Aon and will be headquartered in London. John Haley, Willis Towers Watson’s chief executive officer, will be the new firm’s executive chairman, while Greg Case, CEO of […]

  • By: Staff
  • March 9, 2020 November 11, 2020
  • 09:02
SSQ Insurance, la Capitale combining operations

SSQ Life Insurance Co. Inc. and la Capitale Insurance and Financial Services are combining their operations. The two companies have similar sized and complementary operations, with SSQ Insurance handling group insurance and la Capitale dealing with property and casualty insurance, noted a press release. The combined company’s assets under management are expected to exceed $20 […]

  • By: Staff
  • January 31, 2020 November 12, 2020
  • 15:15
Four more employers join CAAT’s DBplus pension plan

Four more employers have joined the College of Applied Arts and Technology pension plan’s DBplus. In total, more than 1,000 new members from the Catholic Charities of the Archdiocese of Toronto, FP Canadian Newspapers and United Way of Greater Toronto are now in the plan, effective Jan. 1. In addition, law firm Wright Henry LLP joined in October 2019, according […]

  • By: Staff
  • January 10, 2020 November 30, 2020
  • 09:15
Sun Life takes majority stake in InfraRed Capital Partners

Sun Life Financial is set to take an 80 per cent stake in investment manager InfraRed Capital Partners. Headquartered in London, England, InfraRed manages global infrastructure and real estate investments. The transaction includes a closing payment of about $515 million, with InfraRed’s owners maintaining an option to sell their remaining positions in the company to […]

  • By: Staff
  • December 20, 2019 November 12, 2020
  • 09:01
Torstar DB pensions receive FSRA notices for joining CAAT’s DBPlus

The merger of Torstar Corp.’s defined benefit pension plans into the Colleges of Applied Arts and Technology pension plan’s DBPlus has crossed the first hurdle with the Financial Services Regulatory Authority of Ontario. The FRSA has issued notices of an intended decision for the merger. By issuing these notices, it’s indicating an intention to consent to the plan mergers […]

  • By: Staff
  • October 29, 2019 November 30, 2020
  • 09:50
University of Saskatchewan, Community Living Toronto join CAAT’s DBplus pension

Two more organizations are joining the Colleges of Applied Arts and Technology pension plan’s DBplus. The University of Saskatchewan and Federated Colleges Non-Academic Pension Plan, represented by the Canadian Union of Public Employees Local 1975, has joined the plan as part of its latest collective agreement. Effective Sept. 1, 2019, 1,300 plan members will join the […]

  • By: Staff
  • October 4, 2019 November 12, 2020
  • 09:00
Financial Horizons Group combining forces with two other managing general agencies

Three managing general agencies in the benefits, pension and investment industries are combining forces. The firms — Financial Horizons Group, headquartered in Kitchener, Ont.; Torce Financial Group Inc., based in the greater Toronto area; and Vance Financial Group Inc. from Vancouver — will join forces to build on the strengths of their operations and advisor networks, according to […]

  • By: Staff
  • August 16, 2019 November 12, 2020
  • 09:10
First State Super, VicSuper looking to merge

For pension plans, consolidation can come with benefits. Around the world, funds are announcing they’re moving forward with plans to merge. In Canada, faculty associations at the University of Toronto, the University of Guelph and Queen’s University, along with chapters of the United Steelworkers union representing employees from all three schools, voted in June to create a jointly […]

  • By: Staff
  • July 29, 2019 November 30, 2020
  • 15:00

For pension plans, consolidation can come with benefits. And around the world, funds are announcing they’re moving forward with plans to merge. In Canada, members of the United Steelworkers locals at the University of Toronto, University of Guelph and Queen’s University voted in June to create a jointly sponsored plan, with the goal of transferring […]

  • By: Staff
  • July 29, 2019 January 9, 2021
  • 09:25

Hub International Ltd. is acquiring the assets of Clarity Benefits Group Inc., a Calgary-based firm that provides benefits plans, life insurance and group retirement plans to Canadian companies. The acquisition is part of the organization’s strategy to grow its offering of employee benefits and pension solutions in Canada, noted a press release. Read: Hub International acquires assets […]

  • By: Staff
  • May 7, 2019 December 3, 2020
  • 16:13