Yvon Charest named Quebec Financial Person of the Year for 2008
CI component covers 32 illnesses
Industrial Alliance Insurance and Financial Services Inc. has closed its previously announced domestic offering of $100 million of 8.25% subordinated debentures due March 27, 2019, the company said Friday.The debentures bear interest at a fixed annual rate of 8.25% for the first five years, payable semi-annually, and a variable annual rate equal to the 90-day […]
Online guide helps members decide amount they need to save every year
Yvon Charest has been named the 2008 Quebec Financial Person of the Year by the Finance et Investissement newspaper. This is the second time the president and CEO of Industrial Alliance heads the list of Top 25 economic and financial newsmakers for the year, as compiled by the Quebec financial newspaper. He was also awarded […]
Weak market conditions bite into earnings
Industrial Alliance Insurance and Financial Services Inc. has completed the transaction to acquire DundeeWealth Inc.’s mutual fund advisory and insurance network of financial advisors who are registered in the province of Quebec, the two firms said Monday.Industrial Alliance and DundeeWealth first announced the deal on Nov. 3, 2008. The transaction closed on Dec. 31.IE
Mutual fund dealer acquires DundeeWealth’s network of mutual fund and insurance advisors in Quebec
Industrial Alliance Insurance and Financial Services Inc. has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc. to buy $100 million of preferred shares, the Quebec City-based insurer announced Monday.The underwriters have agreed to buy, on a bought deal basis, 4 million Non-Cumulative 5-Year Rate Reset Class A Preferred Shares […]
Premiums and mutual fund deposits up 6% in Q3