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 market risks.
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.