The common shares of ING Canada Inc. will begin trading on Toronto Stock Exchange at the opening on Wednesday, December 15.

The stock symbol will be “IIC.LV”, and 128.5 million common shares will be issued and outstanding.

ING Canada the largest provider of property and casualty insurance in Canada with a market share of 10.6%, based on 2003 direct premiums written.

In a release, the TSX noted ING Canada’s business is organized into two product lines: personal and commercial insurance. The principal insurance products are automobile, property and liability insurance, which ING Canada provides to individuals and small to medium-sized business across Canada.

The firm distributes their products through two channels: brokers and direct distribution. In addition to the insurance operations, they have an investment management operation which provides investment management services with respect to approximately $5.7 billion of assets under management (based on fair value) as at September 30, 2004, which includes invested assets of the property and casualty insurance subsidiaries of $5.1 billion.