Quebec City-based Industrial Alliance Insurance and Financial Services Inc. completed the previously-announced merger of its subsidiary, Industrial Alliance Pacific Insurance and Financial Services Inc., effective June 30.
The former Industrial Alliance Pacific operations, which continues 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.
Industrial Alliance says 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.