National Bank Insurance Firm, a subsidiary of National Bank Financial Group, has acquired Services collectifs Assuraction inc.

Through this acquisition, National Bank Insurance will take over a portfolio of over 250 companies of all sizes and increase its group insurance premiums under management to $50 million annually, the bank said Thursday.

National Bank said the forces of Services collectifs Assuraction will be added to those of National Bank Insurance to offer all clients a value-added service that is unique in the group insurance brokerage market, complemented by group pension plans as well as individual pension and insurance plans.

“Clients of Services collectifs Assuraction will continue to receive services from the team that made the company’s reputation,” National Bank said in a release.

According to Yves Pelletier, president of National Bank Insurance Firm, this acquisition is in keeping with the firm’s business vision, which is focused on meeting the benefits needs of companies and their employees. The move is also intended to expand the firm’s service offering and allow clients to benefit from a larger team of highly qualified people.

National Bank Insurance Firm is a subsidiary of National Bank Financial Group and a large-scale multidisciplinary brokerage firm active throughout Quebec.

IE