The Caisse de dépôt et placement du Québec and the government of Quebec are adding to their previous investment in electric vehicle charging company AddEnergie Technologies Inc. The Quebec-based company manufactures charging stations and develops network management software for other organizations. The Caisse and the provincial government initially invested in the business in 2016 to help it expand across Canada. […]
Accompass Inc., a division of Arthur J. Gallagher & Co., is appointing Sherry Shaw as a vice-president in its benefits and health practice. With 26 years of experience in the group benefits industry, Shaw was previously vice-president and local practice lead for health and benefits in Toronto at Aon. She was also an account executive at Sun Life Financial […]
Great-West Lifeco Inc. has signed a deal to sell its U.S. annuity and individual life insurance businesses to a subsidiary of Protective Life Corp. for $1.6 billion. Paul Mahon, president and chief executive officer at Great-West Life, says the deal will let the company focus on retirement and asset management markets in the U.S. Protective Life […]
American International Group Inc. is adding a new surrogacy reimbursement benefit and an enhanced adoption benefit for its U.S. employees. The organization’s adoption and surrogacy assistance program, which will take effect on Jan. 1, 2019, includes reimbursement of up to $13,800 of eligible surrogacy-related expenses per child and an increase to the adoption reimbursement per child, from $7,500 […]
The Public Sector Pension Investment Board is investing in Alliant Insurance Services Inc., a U.S.-based independent insurance broker. The new cash infusion will aid in the insurance broker’s planned expansion. Along with the PSP, funds managed by private equity firm Stone Point Capital will make additional investments. Read: PSP takes majority stake in Australian farm business “Alliant is […]
Guggenheim Investments and the World Wildlife Fund have commissioned a study to review sustainability standards for multi-stakeholder infrastructure programs, noting the need for further clarity as sustainable infrastructure transitions into an institutional asset class. “It’s clear that public funds alone are not enough to address the world’s critical infrastructure needs,” said Scott Minerd, chairman of Guggenheim […]
American companies are facing a caregiving crisis they refuse to acknowledge, according to a report by the Managing the Future of Work project at Harvard Business School. According to the report, rising health-care and professional caregiving costs, along with changing demographics over the past few decades, have “put great pressure on American employees as they try […]
The Caisse de dépôt et placement du Québec is appointing two executives to its global strategy team. Martin Coiteux will be chief economist and Charles Émond will take on the role of executive vice-president of Quebec and global strategic planning. “Mr. Coiteux and Mr.Émond have a deep understanding of Quebec and global markets,” said Michael Sabia, president and chief […]
There are major differences between what defined contribution plan sponsors are trying to communicate to members and what members hear, according to a new study by Invesco. “We believe a disconnect remains between what plan sponsors say and what participants hear,” said John Galateria, managing director and head of North America institutionals at Invesco, in a press […]
Fewer U.S. employees are reporting their employers are offering benefits, according to a new survey by the Employee Benefit Research Institute and Greenwald & Associates. Despite a tight labour market, the survey found declines in eight out of the 10 most popular benefits offerings. Health insurance remained the most frequently offered (78 per cent) benefit in […]