QUÉBEC, Dec. 16, 2013 /CNW Telbec/ - One of Canada's leading disability insurance providers, Penncorp Life
Insurance Company is pleased to announce that, effective January 6,
2014, it will be known as La Capitale Financial Security Insurance
Company. Along with this name change, the company will take on a new
visual identity with the colours of La Capitale Financial Group, its
parent company since 2006.
This change reflects the key position that the company holds in the
La Capitale group. "Including Penncorp under the La Capitale banner
will increase awareness of our brand, while allowing us to leverage the
synergies among our subsidiaries and position ourselves as a life and
health insurance leader," declared Steven Ross, President and Chief
Operating Officer of La Capitale Financial Group's Life and Health
Insurance and Financial Services division. "Penncorp's solid foundation
and excellent reputation in English Canada make it our financial
group's ambassador of choice."
Specialist in disability Insurance
This Mississauga-based company specializes in the design and
distribution of insurance products and financial solutions tailored to
the unique needs of self-employed, skilled tradespeople and other
individuals who do not have easy access to traditional insurance and
financial products. Penncorp offers the best hospitalization and
disability Insurance products in the country. Its connection to La
Capitale gives the company access to a wide range of life and health
insurance and savings products.
Benefits for our customers
"We are very proud of our results and of our affiliation with
La Capitale Financial Group," said Scott Hunt, Vice-President of
Operations. "It has made us even stronger and has put us in an even
better position to enable our customers to benefit from solutions that
meet their needs."
Penncorp maintains a strong financial position, managing assets in
excess of $460 million and serving over 100,000 policyholders. The
company pays in excess of $2,000,000 in benefits to clients every
month. It's in the No. 6 in Disability Insurance providers in Canada.
About La Capitale Financial Group
La Capitale Financial Group has a strong presence throughout Canada.
With over 2,900 employees and partners and guided by the values of
mutualism on which it was founded, La Capitale works with clients to
build, protect and value what they feel counts for their financial
security. With assets of over $4.7 billion, La Capitale occupies a
choice position among leading insurers in Canada.
Image with caption: "La Capitale Financial Security (CNW Group/La Capitale Financial Group Inc.)". Image available at: http://photos.newswire.ca/images/download/20131216_C4996_PHOTO_EN_35035.jpg
Image with caption: "Steven Ross, President and Chief Operating Officer of La Capitale Financial Group's Life and Health Insurance and Financial Services division (CNW Group/La Capitale Financial Group Inc.)". Image available at: http://photos.newswire.ca/images/download/20131216_C4996_PHOTO_EN_35039.jpg
Image with caption: "Scott Hunt, Vice-President of Operations, La Capitale Financial Security (CNW Group/La Capitale Financial Group Inc.)". Image available at: http://photos.newswire.ca/images/download/20131216_C4996_PHOTO_EN_35037.jpg
SOURCE: La Capitale Financial Group Inc.
For further information:
Communications and Public Relations Advisor
Tel. : 418 644-4276
Cell. : 418 955-2500