MONTREAL, Jan. 14 /CNW/ - Co-operators announced today that it has
acquired, along with an investment partner, the personal lines
insurance operations of a brokerage based in Caplan, in the Gaspésie
region of Quebec. Assurances Claude Paquet's personal lines operations
will begin operating as the newest Co-operators office, with Nathalie
Paquet as Co-operators representative, on January 17, 2011.
The portfolio includes approximately 3,200 insureds. Personal lines
clients of Assurances Claude Paquet will be notified of the change in
ownership, and their insurance coverage will remain in effect with no
changes to their premiums or coverage for the current term of their
policies. As the policies lapse, customers will be offered similar
policies from Co-operators General Insurance Company. All staff of the
brokerage's personal lines operations will be offered positions with
The Co-operators. Assurances Claude Paquet will continue to operate as
an independent broker, and its existing commercial insurance book of
business will not be affected.
"We're very pleased to be building our presence in the Gaspésie region
through the acquisition of such a well-established and respected
brokerage", said Martin-Éric Tremblay, Senior Vice-President,
Co-operators Group Ltd. and President, Quebec Operations. "Establishing
Co-operators representatives throughout the province is an important
part of our Quebec growth strategy".
The Co-operators is working to increase sales through all of its
distribution channels in Quebec, which also include brokers, group
plans, call centres and the internet. It offers a full range of
insurance products and financial services in Quebec through its group
of companies including Co-operators General Insurance Company,
Co-operators Life Insurance Company, L'Union Canadienne, The Sovereign
General, TIC Travel Insurance Coordinators and COSECO.
About The Co-operators
The Co-operators Group Limited is a 100 per cent Canadian-owned
co-operative with more than $42 billion in assets under administration.
Through its group of companies, it offers home, auto, life, group,
travel, commercial and farm insurance, as well as investment products.
The Co-operators is owned by 47 Canadian co-operatives, credit union
centrals and like-minded organizations. It is well known for its
community involvement, and is listed among the 50 Best Employers in
Canada. For more information, visit www.cooperators.ca.
SOURCE The Co-operators
For further information:
1-877-795-7272, ext. 303055