QUEBEC CITY, Jan. 9, 2012 /CNW Telbec/ - Following the announcement of the acquisition of AXA Life Insurance Inc. on September 26, 2011, and the closure of the transaction on January 1, 2012, Mr. René Hamel, Chief Executive Officer of SSQ Financial Group, is happy to announce the appointment of Mr. Bernard Tanguay to the position of Senior Vice-President of SSQ Insurance Company Inc. (AXA Life Insurance Inc.) and of the management team that will ensure the success of this new business sector of SSQ Financial Group.
Mr. Tanguay holds a bachelor's degree in actuarial sciences from Université Laval and is a Fellow of the Canadian Institute of Actuaries and the Society of Actuaries. He joined the ranks of SSQ Financial Group over fifteen years ago and has held various management functions during his time with the company.
In addition to his new functions, Mr. Tanguay will continue to supervise all the activities of SSQ Financial Group's Investment and Retirement sector, which has achieved exceptional growth year after year thanks to an approach based on outstanding service and quality products.
A multidisciplinary team
Reporting to Mr. Bernard Tanguay, Senior Vice-President of SSQ Insurance Company Inc. (AXA Life Insurance Inc.), the members of the management committee will be: Mr. Marc Trépanier, Vice-President - National Business Development, Mr. Gilles Loiselle, Vice-President - Customer Service and Administration, Mr. Sylvain Charbonneau, Vice-President - Actuarial and Underwriting/new business, Ms. Jennifer Hurst, Vice-President - Business Development, Ontario and Western Canada, Mr. Karl Amoakon, Senior Director - Group Underwriting and Operations, Mr. Marcel Gaudet, Vice-President - Corporate Actuarial, Ms. Claudine Yelle, Director - Management Audit and Ms. Isabeau Normandin, Senior Director - Human Resources.
The latter three will report directly to the Corporate Senior Vice-Presidencies of SSQ Financial Group, which are Corporate Services, Finance and Realty and Human Resources and Internal Communications.
Finally, the information technology, investments and corporate communications sectors of SSQ Insurance Company Inc. will be taken over by SSQ Financial Group's corporate sectors.
Looking to the future
"Together, both companies will be able to offer values, skills and strategies that complement each other. Both put a strong emphasis on customer service, and by taking advantage of the combined expertise of two leaders in the industry, we will be even more capable of meeting our clients' needs" said Mr. Tanguay.
"Given that the current products of SSQ Financial Group and SSQ Insurance Company Inc. (AXA Life Insurance Inc.) complement each other, life and health insurance firms that currently do business with both organizations will have a wonderful opportunity to strengthen their business relations with us. For example, individual insurance products offered by SSQ Insurance Company Inc. (AXA Life Insurance Inc.) will be offered to brokers of SSQ Investment and Retirement while SSQ's segregated fund products will be offered to brokers of SSQ Insurance Company Inc. (AXA Life Insurance Inc.). This expansion of SSQ Financial Group's product offer will also be good for recruiting more brokers and accelerating our sales growth", he said in conclusion.
About SSQ Financial Group
With nearly $3 billion in annual revenue and more than $8 billion in assets under management, SSQ Financial Group is a leading mutual diversified financial institution.
The Group serves over 1 million customers and provides jobs to over 1,900 employees. SSQ, Life Insurance Company Inc., the Group's principal company, is recognized as a leader in the group insurance industry and as an expert in the investment and retirement sector. SSQ Financial Group is also a rising star in home and auto insurance (SSQ General Insurance Company Inc.) and has recently broken into the individual insurance market thanks to its new subsidiary, SSQ Insurance Company Inc.
For more information, please visit ssq.ca.
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