Arthur J. Gallagher & Co. is appointing Melanie Jeannotte as the national president of its benefits services group in Canada. Prior to the new role, Jeannotte was area president of Western Canada for Gallagher’s benefits and human resources consulting practice. She also spent eight years as a managing partner at Vital Benefits Inc. in Calgary. […]
The Caisse de dépôt et placement du Québec, together with the the Fonds de solidarité FTQ, is providing the Cirque du Soleil Entertainment Group with a US$120 million credit facility. With the new financing, Cirque du Soleil is acquiring the Works Entertainment, a U.S.-based, medium-scale theatre production company. Already a shareholder of Cirque du Soleil, the Caisse intends to […]
Based on the five options put forward in British Columbia’s consultation on reforming pension solvency rules, the option to replace the current requirements with enhanced going-concern funding requirements is the favoured course of action, according to the Association of Canadian Pension Management. In its letter to the B.C. government in response to the consultation, which […]
The name of the game is engagement, according to a new report by NEI Investments. In 2018, engagement with investee companies on environmental, social and governance factors was a major undertaking for the firm. It actively engaged with 118 companies on these topics, comprising 40 per cent of its overall equity holdings. “We are committed to helping […]
The tentative agreement reached by the Canadian National Railway Co. and the United Steelworkers union has been approved by a national ratification vote. In addition to wage increases each year of five-year agreement, it includes improved medical, dental and health-care benefits, as well as enhanced travel allowances for the 3,000 union members who inspect, maintain […]
While the Canadian Life and Health Insurance Association is in agreement with the general intent of the Ontario government’s proposed changes to the OHIP+ program, it’s strongly encouraging a number of considerations to preserve the revised program as planned and avoid unintended consequences. The proposed amendments would roll back the OHIP+ program, which was introduced […]
Institutional plan sponsors lost a median of 3.8 per cent in 2018, as losses in the fourth quarter of the year dragged down returns, according to new data by Northern Trust Corp. The Northern Trust Universe, which tracks the performance of about 300 large U.S. institutional investment plans with a combined asset value of about $925.7 billion, found […]
Willis Towers Watson has completed its acquisition of Integra Capital Ltd., a Canadian investment management company. “Our multiyear partnership with Integra Capital has been successful in delivering exceptional delegated solutions to clients,” said Kemp Ross, global head of delegated investment solutions at Willis Towers Watson. Read: Willis Towers Watson to acquire Canadian investment manager Following the […]
The Canada Pension Plan Investment Board is joining several other investors in purchasing Ultimate Software, a human capital management solutions provider. Led by private equity firm Hellman & Friedman, the investor group made an all cash transaction for $331.50 per share of the company, at an aggregate value of about $11 billion. After the deal, Ultimate will […]
While most employees agree working mothers bring value to the workplace and make strong leaders, women still find having children negatively affects their career, according to a survey by U.S.-based Bright Horizons Family Solutions. Almost three-quarters (72 per cent) of working parents surveyed agreed women are penalized in their careers for starting families, which can mean being overlooked […]