{"id":18893,"date":"2020-07-05T23:42:52","date_gmt":"2020-07-06T03:42:52","guid":{"rendered":"https:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/la-capitale-and-ssq-insurance-complete-merger\/"},"modified":"2020-07-05T23:42:52","modified_gmt":"2020-07-06T03:42:52","slug":"la-capitale-and-ssq-insurance-complete-merger","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/07\/05\/la-capitale-and-ssq-insurance-complete-merger\/","title":{"rendered":"La Capitale and SSQ Insurance complete merger"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/cdn-res.keymedia.com\/cms\/images\/ca\/110\/0348_637296037665478205.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>La Capitale and SSQ Insurance have officially combined to form the largest mutual insurance company in Canada.<\/p>\n<p>The new company, whose name will be announced in the fall, has a footprint of over 3.5 million members and clients. The integration process will be a gradual one, with all agreements being maintained and no changes as of now for current members, clients, and business partners.<\/p>\n<p>With 4,700 employees, total premiums of $5 billion, and assets under management exceeding $20 billion, the company will remain based in Quebec City. Aside from being the top group insurer and fourth-largest personal insurer in Quebec, it occupies the number 4 spot among group insurers and number 6 among personal insurers in Canada.<\/p>\n<p>\u201cWe are very proud to make this merger of equals official today,\u201d Jean-Fran\u00e7ois Chalifoux, former CEO of SSQ Insurance and president and CEO of the new company, said in a statement. \u201cOur new company has given itself the means to grow and make its mark in a fast-changing industry. We are now a major player across the country.\u201d<\/p>\n<p>Jean St-Gelais, former chairman of the Board and CEO of La Capitale, has been appointed as chairman of the new company\u2019s board of directors and leader of the Integration Steering Committee.<\/p>\n<p>The new company\u2019s management team also includes, among others:<\/p>\n<ul>\n<li>Pierre Marc Bellavance &#8211; executive vice president and leader, Legal Affairs, Compliance and corporate secretary;<\/li>\n<li>Patrick Cyr &#8211; executive vice president and leader, Integration;<\/li>\n<li>Catherine Desgagn\u00e9s-Belzil &#8211; executive vice president and leader, Business Performance and Information Technology;<\/li>\n<li>Lara Nourcy &#8211; executive vice president and leader, Individual Insurance and Financial Services; and<\/li>\n<li>\u00c9ric Trudel &#8211; executive vice president and leader, Group Insurance<\/li>\n<\/ul>\n<p>Since being presented to members last January, the merger of equals between La Capitale and SSQ Insurance has passed through the necessary regulatory hurdles.<\/p>\n<p> <a href=\"https:\/\/www.lifehealthpro.ca\/news\/la-capitale-and-ssq-insurance-complete-merger-331175.aspx\">Read the original article at https:\/\/www.lifehealthpro.ca\/rss\/ <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>La Capitale and SSQ Insurance have officially combined to form the largest mutual insurance company in Canada. The new company, whose name will be announced in the fall, has a footprint of over 3.5&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18893"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18893"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18893\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}