Maritime life scoops up Aetna Canada

Article Abstract:

Maritime Life Assurance Co has acquired Aetna Life Insurance Co of Canada, the canadian unit of US insurance and health care provider Aetna Inc, for about C$445 mil. The acquisition is not anticipated to be completed in four years to half a year pending regulatory approval. The deal calls for the acquisition of Aetna Canada's entire business operations that include disability and individual and group life insurance, as well as the unit's Equinox Financial Group Inc.

Aetna Life Insurance Company of Canada

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Canada Life adds to international holdings

Article Abstract:

Canada Life Assurance Co has expanded its foreign operations with the purchase of a 70% share in Brazilian insurance firm Pactual Previdencia e Seguros from its parent, Banco Pactual SA, a leading investment bank headquartered in Rio de Janeiro, Brazil. Pactual Previdencia, which has assets of around 18 million reals and focuses in marketing savings products, is small but a potentially important asset to Toronto, Canada- based Canada Life's overseas holdings.

Foreign operations, Pension Funds, Brazil, Pension Funds & Benefit Plans, Canada Life Assurance Co., Pactual Previdencia e Seguros

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