Hub International Ltd. is acquiring Porchlight Financial. Located in Vancouver, Porchlight Financial has been offering group retirement plan consulting for 25 years. It specializes in plan member advisory services, financial wellness programs, retirement lifestyle and income planning. “With the addition of Porchlight Financial, Hub continues to create a robust Canadian benefits and pension solution for our clients,” said Dave Terry, president and […]
Fiera Capital Corp. is acquiring Foresters Life Insurance Co.’s asset management business in an effort to beef up its offering for institutional clients, according to Jean-Philippe Lemay, Fiera’s president and chief operating officer. Montreal-based Fiera will buy Foresters Asset Management Inc., Foresters’ Toronto-based investment management subsidiary that’s focused on institutional and insurance liability-driven investment. The terms […]
The Ontario Teachers’ Pension Plan is selling its stake in BluEarth Renewables Inc. to DIF Infrastructure V, a European independent infrastructure fund. The Ontario Teachers’ was a founding shareholder in BluEarth, an independent renewable power producer that builds, owns and operates solar, hydro and wind facilities in North America. Following the sale, DIF V will own […]
Hub International Ltd. is acquiring the assets of Clarity Benefits Group Inc., a Calgary-based firm that provides benefits plans, life insurance and group retirement plans to Canadian companies. The acquisition is part of the organization’s strategy to grow its offering of employee benefits and pension solutions in Canada, noted a press release. Read: Hub International acquires assets […]
Morneau Shepell Ltd. is acquiring Mercer’s stand-alone, large market health and defined benefit pension plan administration business for U.S. employer clients. Mercer will continue to provide these services when they’re bundled with its consulting and brokerage services. It will also continue to provide large market health and benefits administration services for global employer clients with employees in […]
Hub International Ltd. is acquiring the assets of Toronto-based Firstbrook Pointon Benefits Inc., a full-service employee benefits consulting firm. Bob Pointon, the firm’s president and managing partner, will join Hub Ontario, while its founder and chief executive officer, John Firstbrook, has formed an alliance with Hub Ontario and will continue to play a role in the […]
Willis Towers Watson has completed its acquisition of Integra Capital Ltd., a Canadian investment management company. “Our multiyear partnership with Integra Capital has been successful in delivering exceptional delegated solutions to clients,” said Kemp Ross, global head of delegated investment solutions at Willis Towers Watson. Read: Willis Towers Watson to acquire Canadian investment manager Following the […]
Eckler Ltd. is acquiring independent financial wellness company Employee Financial Well-being. Since 2011, Employee Financial Well-Being has provided financial education and training to employees across Canada. In a press release, Eckler said there’s a need to increase unbiased education as Canadians are presented with benefits that require them to make decisions. “Eckler’s acquisition of EFW is another […]
Great-West Lifeco Inc. has signed a deal to sell its U.S. annuity and individual life insurance businesses to a subsidiary of Protective Life Corp. for $1.6 billion. Paul Mahon, president and chief executive officer at Great-West Life, says the deal will let the company focus on retirement and asset management markets in the U.S. Protective Life […]
Hub International Ltd. is acquiring TRG Group Benefits and Pensions Inc., an employee benefits consultancy based in Vancouver. Rob Taylor, managing director of TRG, will be executive vice-president of employee benefits at Hub. Read: Hub International acquires Rise People’s benefits practice Hub International has been expanding its employee benefits assets in Canada, acquiring 13 employee benefits and pension brokerages […]