mergers – Benefits Canada.com

Navacord, Belay Advisory partnering to expand national presence

lbailey — Fri, 14 Jul 2023 17:36:42 +0000

Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]

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Caisse investing in vision-care company; Ontario Teachers’, AIMCo selling governance solutions firm

lbailey — Tue, 23 Mar 2021 05:00:28 +0000

The Caisse de dépôt et placement du Québec is part of an investment group acquiring New Look Vision Group Inc., a provider of eye-care products and services across North America. According to a press release, New Look Vision is valued at $800 million, and the Caisse, along with FFL Partners, LLC and the Dr. H. […]

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Navacord acquiring Ontario-based benefits firm

mschmit — Mon, 08 Feb 2021 05:00:40 +0000

Navacord Corp. is further expanding its group benefits business by acquiring Penmore Benefits Inc. A division of The Penmore Group, Concord, Ont.-based Penmore Benefits Inc., provides comprehensive benefits and retirement programs, including international benefits, for small- to medium-sized businesses across both private and public sectors. The company will continue to operate independently and maintain its commitment […]

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Atlantic Canada’s Luedey Consultants, Toronto-based Sterling Capital merging

mschmit — Tue, 02 Feb 2021 05:00:06 +0000

Halifax-based Luedey Consultants Inc., a boutique benefits consulting firm, is merging with Sterling Capital Brokers Ltd., an independent benefit consulting firm specializing in servicing high-growth, small- to medium-sized businesses. Luedey Consultants has more than 70 clients across Atlantic Canada, including both privately-owned and public-sector employers, as well as several union building trades. “This is an exciting […]

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SSQ Insurance, la Capitale rebranding as Beneva

mschmit — Fri, 04 Dec 2020 12:00:25 +0000

SSQ Life Insurance Co. Inc. and la Capitale Insurance and Financial Services are rebranding as Beneva, a mutual insurance company with more than $20 billion in assets under its management. In January 2020, the two companies announced they were merging operations in a bid to grow their presence from coast to coast, noted a press release. “By joining together, […]

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Conte Financial Services, Dickinson & Associates merging

mschmit — Tue, 22 Sep 2020 11:00:08 +0000

Conte Financial Services Inc. and Dickinson & Associates are merging to become the Prime Benefits Group. The two Ottawa-based employee benefits and pension consulting firms finalized the merger earlier this month. The new firm continues to operate out of Canada’s capital city. Read: Hub acquires Ontario benefits, HR consulting firm Tony Conte, formerly president of Conte Financial Services, and […]

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Shareholders approve Aon, Willis Towers Watson merger

mschmit — Fri, 28 Aug 2020 04:45:11 +0000

Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and other closing conditions. It’s expected to close in the first half of 2021. Upon closing, Willis Towers Watson shareholders will receive 1.08 Aon shares in exchange for each Willis Towers […]

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How Corteva Agriscience Canada transformed its culture after a merger

mschmit — Fri, 14 Aug 2020 04:58:10 +0000

Formed a year ago through a merger and a spin off, Corteva Agriscience Canada is using change as an opportunity to redefine what it means to be a modern workplace. In 2015, Dow Inc. and DuPont agreed to merge and then subsequently spin off into three independent companies. Corteva Agriscience, the agriculture division of DowDuPont […]

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Tips for moving from a single-employer to a jointly sponsored pension plan

mschmit — Fri, 15 May 2020 04:57:53 +0000

The United Way Greater Toronto introduced a defined benefit pension plan in 1965 and moved to a hybrid plan in 1990. While the DB side was fully paid by the employer, the defined contribution component allowed employees to contribute up to four per cent of their annual salary with a 50 per cent employer match. […]

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PIAC concerned about Aon, Willis Towers Watson merger

mschmit — Tue, 12 May 2020 11:15:03 +0000

The Pension Investment Association of Canada is raising concerns about the impact of the impending merger between Aon and Willis Towers Watson on pension plans and funds in Canada. In a letter to the Competition Bureau, Simon Fréchet, the association’s chair, said the PIAC’s members use actuarial consulting services to support the effective fiduciary management […]

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