QUEBEC CITY, July 3, 2012 /CNW Telbec/ - Industrial Alliance Insurance
and Financial Services Inc. ("Industrial Alliance") announces that it
has completed the previously-announced merger of its subsidiary,
Industrial Alliance Pacific Insurance and Financial Services Inc.
("Industrial Alliance Pacific"), effective June 30, 2012.
The former Industrial Alliance Pacific operations, which continue to be
based in Vancouver, will now operate under the Industrial Alliance
banner. It continues to offer services in individual insurance, wealth
management, creditor insurance and extended warranties, and special
The integration of the Vancouver-based subsidiary with the parent
company consolidates regulatory compliance and provides a more
efficient structure for capital management. Industrial Alliance is
regulated by the Autorité des marches financiers. (www.lautorite.qc.ca)
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company with operations in all
regions of Canada as well as in the United States. The Company offers a
wide range of life and health insurance products, savings and
retirement plans, RRSPs, mutual and segregated funds, securities, auto
and home insurance, mortgage loans and other financial products and
services for both individuals and groups. The fourth largest life and
health insurance company in Canada, Industrial Alliance contributes to
the financial wellbeing of over three million Canadians, employs 4,200
people and manages and administers more than $75 billion in assets.
Industrial Alliance stock is listed on the Toronto Stock Exchange under
the ticker symbol IAG.
SOURCE INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
For further information:
Office: 418 780-5945