IA Financial Group

AM Best Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services, Inc. and Its Subsidiaries

Retrieved on: 
Thursday, February 21, 2019
Professional services, Insurance, Finance, Economy, Money, Credit rating agencies, IA Financial Group, Credit rating, AM Best, Insurance

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec) [TSX: IAG].

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of aa- of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec) [TSX: IAG].
  • Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of IA.
  • AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of a+ of Industrial Alliance Pacific General Insurance Corporation (IAPG) (headquartered in Vancouver, Canada).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .

iA Financial Corporation Inc. Announces the Payment of a Dividend on Its Common Shares and Industrial Alliance Insurance and Financial Services Inc. Announces the Payment of a Dividend on Its Preferred Shares

Retrieved on: 
Thursday, February 14, 2019
Finance, Money, Economy, Stock market, Financial markets, Equity securities, IA Financial Group, Preferred stock, Dividend, Security, Insurance, Issuer

In addition, the Board of Directors of Industrial Alliance Insurance and Financial Services Inc. (TSX:IAF) announced today:

Key Points: 
  • In addition, the Board of Directors of Industrial Alliance Insurance and Financial Services Inc. (TSX:IAF) announced today:
    The payment of a dividend of $0.2875 per Non-Cumulative Class A Preferred Share Series B.
  • Effective January 1, 2019, Industrial Alliance Insurance and Financial Services Inc. ("iA Insurance") is a subsidiary all of whose common shares are held by iA Financial Corporation Inc. ("iA Financial Corporation"), a holding company that comprises all iA Financial Group activities.
  • Under the terms of a plan of arrangement (the "arrangement"), all the common shares of iA Insurance outstanding at January 1, 2019 have been exchanged for newly issued common shares of iA Financial Corporation on a one-for-one basis.
  • iA Financial Corporation is a "successor issuer" of iA Insurance as defined in securities regulations with respect to the common shares previously issued by iAInsurance.

Conference Call Advisory - iA Financial Group Announces Date of 2018 Fourth Quarter Earnings Results

Retrieved on: 
Thursday, January 31, 2019
Service industries, Finance, Economy, IA Financial Group, CNW Group, Conference call, Insurance, Toronto Stock Exchange

QUEBEC CITY, Jan. 31, 2019 /CNW Telbec/ -iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) (TSX:IAG), will disclose its2018 fourth quarter earnings results on Thursday, February 14, 2019.

Key Points: 
  • QUEBEC CITY, Jan. 31, 2019 /CNW Telbec/ -iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) (TSX:IAG), will disclose its2018 fourth quarter earnings results on Thursday, February 14, 2019.
  • Management will discuss the results during a conference call to be held at2:00pm (ET).
  • Everyone is invited to attend the conference call by dialing1-877-292-6978 (toll-free) 10minutes before the start of the conference.
  • iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

iA Financial Group Announces Completion of Plan of Arrangement

Retrieved on: 
Wednesday, January 2, 2019
Finance, Money, Equity securities, Stock market, Financial economics, Corporate finance, Preferred stock, IA Financial Group

Effective January 1, 2019, IAIFS is a subsidiary all of whose common shares are held by iA Financial Corporation Inc. ("iA Financial Corporation").

Key Points: 
  • Effective January 1, 2019, IAIFS is a subsidiary all of whose common shares are held by iA Financial Corporation Inc. ("iA Financial Corporation").
  • Under the plan of arrangement, all the common shares of IAIFS outstanding at January 1, 2019 have been exchanged for newly issued common shares of iA Financial Corporation, the new holding company, on a oneforone basis.
  • Issuedand outstanding series of preferred shares and debentures will remain issued by IAIFS and have been guaranteed by iA Financial Corporation in accordance with the terms of the arrangement.
  • IAIFS is a wholly-owned subsidiary of iA Financial Corporation Inc.
    iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

iA Financial Group Announces Automatic Share Repurchase Plan

Retrieved on: 
Friday, December 21, 2018
Finance, Money, Economy, IA Financial Group, Share repurchase, Repurchase agreement, Insurance

QUEBEC CITY, Dec. 21, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. ("iAFinancial Group" or the "Corporation") announced today that it has entered into an automatic share repurchase plan (the "automatic plan") under which its designated broker will repurchase the Corporation's common shares pursuant to its previously announced normal-course issuer bid ("NCIB"), which commenced on November12,2018.

Key Points: 
  • QUEBEC CITY, Dec. 21, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. ("iAFinancial Group" or the "Corporation") announced today that it has entered into an automatic share repurchase plan (the "automatic plan") under which its designated broker will repurchase the Corporation's common shares pursuant to its previously announced normal-course issuer bid ("NCIB"), which commenced on November12,2018.
  • The actual number of common shares purchased under the automatic plan, the timing of such purchases and the price at which common shares are purchased will depend upon future market conditions.
  • Although iA Financial Group believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements.
  • iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

iA Financial Group Announces the Establishment of a Normal Course Issuer Bid

Retrieved on: 
Wednesday, November 7, 2018
Finance, Economy, Money, IA Financial Group, Insurance, Subprime mortgage crisis, English law

Upon the coming into force of the arrangement previously announced by the Company under which iAFinancial Corporation Inc. ("iA Financial Corporation") will become a holding company as well as the parent corporation holding all outstanding common shares of the Company, the Company's normal course issuer bid program will be transferred to iA Financial Corporation.

Key Points: 
  • Upon the coming into force of the arrangement previously announced by the Company under which iAFinancial Corporation Inc. ("iA Financial Corporation") will become a holding company as well as the parent corporation holding all outstanding common shares of the Company, the Company's normal course issuer bid program will be transferred to iA Financial Corporation.
  • Shareholders may obtain a copy of the documents filed with the Toronto Stock Exchange concerning this bid by writing to the Corporate Secretary of iA Financial Group.
  • Founded in 1892, iA Financial Group is one of the largest insurance and wealth management companies in Canada.
  • iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

iA Financial Group comments on new Saskatchewan regulations impacting Ituna litigation

Retrieved on: 
Tuesday, October 30, 2018
Finance, Economy, Money, Ituna Bon Accord No. 246, Saskatchewan, Insurance, Insurance industry, Ituna, IA Financial Group

These new regulations are consistent with the position taken by iA Financial Group throughout the Ituna litigation and with the position taken by other insurers involved in similar litigation.

Key Points: 
  • These new regulations are consistent with the position taken by iA Financial Group throughout the Ituna litigation and with the position taken by other insurers involved in similar litigation.
  • iA Financial Group has always maintained that this litigation was unfounded and that life insurance contracts were never intended to be used as deposit accounts or for purposes that are unrelated to life insurance.
  • Given these new Saskatchewan regulations, iA Financial Group believes that the substantial aspects of the Ituna litigation will be resolved.
  • iA Financial Group fully supports the CLHIA's initiative to request that other provincial and territorial governments take comparable steps to add clarity to the legislation and reinforce the insurance purpose of side accounts.

iA Financial Group comments on litigation

Retrieved on: 
Friday, October 5, 2018
Ituna Bon Accord No. 246, Saskatchewan, Actuarial science, Communication, Forward-looking statement, Ituna, IA Financial Group, Risk, Finance, Economy

QUEBEC CITY, Oct. 5, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) is responding to media reports regarding litigation involving Ituna Investment LP (Ituna).

Key Points: 
  • QUEBEC CITY, Oct. 5, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) is responding to media reports regarding litigation involving Ituna Investment LP (Ituna).
  • iA Financial Group believes that the position taken by Ituna is legally unfounded.
  • iA Financial Group believes its legal position in this matter is strong and expects that it will be successful in its defence.
  • Although iA Financial Group believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements.

Denyse Chicoyne resigns from the Board of Directors of Industrial Alliance

Retrieved on: 
Tuesday, September 11, 2018
Finance, Economy, Money, IA Financial Group, CNW Group, Insurance

QUEBEC CITY, Sept. 11, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group)announces that, effective September 7, 2018, Denyse Chicoyne has resigned from its Board of Directors for personal reasons.

Key Points: 
  • QUEBEC CITY, Sept. 11, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group)announces that, effective September 7, 2018, Denyse Chicoyne has resigned from its Board of Directors for personal reasons.
  • Ms. Chicoyne had been a Board member since May 2014.
  • On behalf of the Board of Directors, Board chairman Jacques Martin thanks Ms.Chicoyne for her many contributions to the Board's activities.
  • SOURCE Industrial Alliance Insurance and Financial Services Inc.

Industrial Alliance announces a change in the Chair of the Board of Directors

Retrieved on: 
Thursday, September 6, 2018
IA Financial Group, Financial services

QUEBEC CITY, Sept. 6, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) announces that Mr. Jacques Martin will become Chair of the Board effective today, September 6, 2018.

Key Points: 
  • QUEBEC CITY, Sept. 6, 2018 /CNW Telbec/ -Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) announces that Mr. Jacques Martin will become Chair of the Board effective today, September 6, 2018.
  • The members of the Board of Directors and the executive team take this opportunity to thank Mrs. Bourgon for the leadership she has provided in the progression of the Board and iA Financial Group.
  • Jacques Martin is a corporate director and a member of the Board of Directors of iA Financial Group since 2011.
  • iAFinancial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.