November 24, 2017 6:28 AM ET

Insurance

Company Overview of The Co-operators Group Limited

Company Overview

The Co-operators Group Limited, together with its subsidiaries, provides insurance and financial services in Canada. It offers property and casualty insurance products, including home, vehicle, farms, businesses, and commercial insurance; and life insurance products, which include life, health, accident, credit, and travel insurance, as well as wealth management products to individuals and groups. The company also provides institutional investment and asset management services; and discretionary investment advisory services to pension plans, insurance companies, endowments, foundations, governments, corporations, and mutual funds. In addition, it offers insurance-related products and service...

Priory Square

Guelph, ON N1H 6P8

Canada

Founded in 1945

4,850 Employees

Phone:

519-824-4400

Fax:

519-824-0599

Key Executives for The Co-operators Group Limited

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President of Finance
CEO & President of Huntingdon Real Estate Investment Trust
Age: 68
Chief Executive Officer of Addenda Capital Inc and President of Addenda Capital Inc
Executive Vice-President of National P&C Product and President of Quebec Operations
Compensation as of Fiscal Year 2017.

The Co-operators Group Limited Key Developments

Aldergrove Credit Union Enters into Strategic Alliance with The Co-operators

Aldergrove Credit Union and The Co-operators Group Ltd. announced that the two co-operative organizations have entered into a strategic alliance to offer The Co-operators insurance products and services to clients in Aldergrove, Abbotsford, Langley and Mission, British Columbia. The Co-operators will be the exclusive provider for the credit union's insurance subsidiary, Aldergrove Insurance Services. Aldergrove will be contacting its clients to discuss how this alliance will help them better meet their insurance needs. Clients' existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies. As current policies expire, clients will be offered comparable policies from The Co-operators. The strategic alliance builds on the strong relationship Aldergrove Credit Union has shared with The Co-operators via its credit union-focused subsidiary The CUMIS Group Limited, which provides Aldergrove with creditor and individual life products.

The Co-Operators Group Limited Appoints Rob Wesseling as President and Chief Executive Officer

The Board of Directors of The Co-operators Group Limited announced the appointment of Rob Wesseling as President and Chief Executive Officer. Rob has held a number of senior leadership positions with The Co-operators over the past 19 years, including Chief Information Officer, Chief Operating Officer of subsidiary The Sovereign General and Executive VicePresident, National Property & Casualty Operations for the group of companies. He has provided leadership of the organization's efforts to build the resilience of Canadian communities and lead the development of the first overland flood insurance coverage for Canadian homeowners. Rob is an acting member of the International Co-operative and Mutual Insurance Federation Board of Directors and Executive Committee, and founding director and member of the Partners for Action Advisory Board.

The Co-operators Enters into Joint Venture with First Credit Union

The Co-operators and First Credit Union have announced that the two co-operative organizations have entered into a joint venture to offer insurance products and services to clients on Vancouver Island and the Sunshine Coast of BC. The Co-operators will be the exclusive provider for First Credit Union's insurance subsidiaries, First Insurance and Westview Agencies Ltd. The books of business include personal and commercial policies. Current clients of First Insurance and Westview Agencies Ltd. will be notified of the change, and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for the current term of their policies. As current policies expire, clients will be offered comparable policies from The Co-operators. The joint venture builds on the strong relationship First Credit Union has shared with The Co-operators via its credit union-focused subsidiary The CUMIS Group Limited.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 5, 2017
Assurance Auclair Inc.
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