Industrial All & Ins (IDLLF) 44.8928 $IDLLF
Industrial Alliance Goes Live with Eagle Accounting for Enhanced Efficiency and Operations
PR Newswire - Mon Jun 30, 5:00AM CDT
Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Industrial Alliance Investment Management Inc. (Industrial Alliance), the investment arm of Industrial Alliance Insurance and Financial Services Inc., has gone live with Eagle's Accounting solution as well as the Eagle Analytics platform that incorporates FINCAD® Analytics. Industrial Alliance, which is already using Eagle Data Management, also migrated from an on premise installation to Eagle ACCESSSM, Eagle's secure private cloud.
A.M. Best Upgrades Ratings of Industrial Alliance Insurance and Financial Services, Inc. and Its Subsidiaries
Business Wire - Thu Feb 27, 10:15AM CST
A.M. Best has upgraded the financial strength rating (FSR) to A+ (Superior) from A (Excellent), the issuer credit rating (ICR) to "aa-" from "a+" and the existing debt ratings of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec) [TSX: IAG]. Concurrently, A.M. Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the ICRs to "a" from "a-" of IA's U.S. life insurance subsidiaries, IA American Life Insurance Company (Atlanta, GA), American-Amicable Life Insurance Company of Texas, Pioneer Security Life Insurance Company, Pioneer American Insurance Company and Occidental Life Insurance Company of North Carolina (these companies are collectively known as the IA American Life Group). Additionally, A.M. Best has upgraded the ICR to "a+" from "a" and affirmed the FSR of A (Excellent) of Industrial Alliance Pacific General Insurance Corporation (IAPG) (Vancouver, Canada). All companies are domiciled in Waco, TX, unless otherwise specified. The outlook for all ratings is stable. (See below for a detailed listing of the debt ratings.)
Research and Markets: Prefeasibility Report on a Garlic Powder Manufacturing Plant
Business Wire - Wed Feb 26, 3:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/v8zpdr/prefeasibility) has announced the addition of the "Prefeasibility Report on a Garlic Powder Manufacturing Plant" report to their offering.
Brompton Lifeco Split Corp. Approves Extension
Marketwire - Tue Feb 18, 3:25PM CST
(TSX: LCS)(TSX: LCS.PR.A) - At a special meeting of preferred and class A shareholders ("Shareholders"
of Brompton Lifeco Split Corp. ("LCS" held today, shareholders approved a special resolution to extend the term of LCS for approximately 5 years to April 29, 2019 and thereafter for successive terms of up to 5 years as determined by the LCS board of directors. Holders of Class A Shares voted approximately 99% in favour of the extension and holders of Preferred Shares voted approximately 97% in favour of the extension. The extension allows Shareholders to continue their investment in LCS' portfolio of common shares of four Canadian life insurance companies (Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Shareholders will continue to have monthly and annual retraction rights.
Life & Banc Split Corp. Announces Details of Fund Extension
Marketwire - Wed Aug 14, 1:07PM CDT
At a special meeting held on April 11, 2013, shareholders of Life & Banc Split Corp. ("LBS" or the "Fund" (TSX: LBS) (TSX: LBS.PR.A) approved a special resolution to allow the Board of Directors to extend the term of the Class A Shares and the Preferred Shares for up to 5 years and to determine the distribution rates for the extended term. The Board of Directors is pleased to announce that it has approved a 5 year extension to the term of the Class A Shares and Preferred Shares to November 29, 2018. The Fund was originally scheduled to terminate on November 29, 2013. The distribution rate for the Fund's Preferred Shares for this new 5 year term which commences on November 30, 2013 will be $0.475 per annum paid in equal quarterly amounts. The new Preferred Share distribution rate is based on current market rates for preferred shares with similar terms. The Preferred Share distribution for the quarter ended December 31, 2013 is expected to be $0.12690 per Preferred Share which takes into account the new distribution rate for December and the previous distribution rate for October and November. In addition, the Fund intends to maintain the targeted monthly Class A Share distribution at $0.10 per Class A Share.
Jovian Announces Signing of Arrangement Agreement with Industrial Alliance
CNW Group - Tue Jul 16, 4:40PM CDT
Jovian Capital Corporation ("Jovian" (TSX: JOV) today announced that it has entered into a definitive arrangement agreement (the "Agreement" whereby Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance" would acquire all of the issued and outstanding common shares in the capital of Jovian for $10.23 in cash per share (the "Cash Consideration" or 0.2386 of a common share of Industrial Alliance (the "Exchange Ratio" , or a combination thereof, subject to pro-ration based upon the issuance of a maximum of 35% of the aggregate consideration payable in Industrial Alliance common shares. The Cash Consideration represents a premium of 46% to the closing price of Jovian's common shares on the Toronto Stock Exchange ("TSX" on July 15, 2013 (the "Calculation Date" and a 46% premium based on the five-day volume weighted average trading price ("VWAP" ending on the Calculation Date of Jovian's common shares. The Exchange Ratio was calculated by dividing the amount of the Cash C
Life & Banc Split Corp. Approves Extension
Marketwire - Thu Apr 11, 11:29AM CDT
At a special meeting of preferred and class A shareholders ("Shareholders" of Life & Banc Split Corp. ("LBS" (TSX: LBS)(TSX: LBS.PR.A) held today, Shareholders approved a special resolution to extend the term of LBS for up to 5 years beyond the scheduled termination date of November 29, 2013 and thereafter for successive terms of up to 5 years as determined by the LBS board of directors. Holders of Class A Shares voted approximately 98% in favour of the extension and holders of Preferred Shares voted approximately 99% in favour of the extension. The extension allows Shareholders to continue their investment in LBS' portfolio of common shares of six Canadian banks (Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank) and four Canadian life insurance companies (Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Sha
Industrial Alliance Benefits from Regulatory Changes to Capital Formula
CNW Group - Fri Dec 21, 7:53AM CST
Following amendments to the capital formula recently announced by Canadian insurance regulators in relation to the calculation of required capital for the lapse risk component, Industrial Alliance Insurance and Financial Services Inc. (the "Company" estimates that its solvency ratio will increase by 12percentage points. The amended capital requirements take effect on January 1, 2013 and will be reflected in the Company's first quarter results.
Industrial Alliance Goes Live with Eagle Accounting for Enhanced Efficiency and Operations
PR Newswire - Mon Jun 30, 5:00AM CDT
Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Industrial Alliance Investment Management Inc. (Industrial Alliance), the investment arm of Industrial Alliance Insurance and Financial Services Inc., has gone live with Eagle's Accounting solution as well as the Eagle Analytics platform that incorporates FINCAD® Analytics. Industrial Alliance, which is already using Eagle Data Management, also migrated from an on premise installation to Eagle ACCESSSM, Eagle's secure private cloud.
A.M. Best Upgrades Ratings of Industrial Alliance Insurance and Financial Services, Inc. and Its Subsidiaries
Business Wire - Thu Feb 27, 10:15AM CST
A.M. Best has upgraded the financial strength rating (FSR) to A+ (Superior) from A (Excellent), the issuer credit rating (ICR) to "aa-" from "a+" and the existing debt ratings of Industrial Alliance Insurance and Financial Services Inc. (IA) (Quebec) [TSX: IAG]. Concurrently, A.M. Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the ICRs to "a" from "a-" of IA's U.S. life insurance subsidiaries, IA American Life Insurance Company (Atlanta, GA), American-Amicable Life Insurance Company of Texas, Pioneer Security Life Insurance Company, Pioneer American Insurance Company and Occidental Life Insurance Company of North Carolina (these companies are collectively known as the IA American Life Group). Additionally, A.M. Best has upgraded the ICR to "a+" from "a" and affirmed the FSR of A (Excellent) of Industrial Alliance Pacific General Insurance Corporation (IAPG) (Vancouver, Canada). All companies are domiciled in Waco, TX, unless otherwise specified. The outlook for all ratings is stable. (See below for a detailed listing of the debt ratings.)
Research and Markets: Prefeasibility Report on a Garlic Powder Manufacturing Plant
Business Wire - Wed Feb 26, 3:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/v8zpdr/prefeasibility) has announced the addition of the "Prefeasibility Report on a Garlic Powder Manufacturing Plant" report to their offering.
Brompton Lifeco Split Corp. Approves Extension
Marketwire - Tue Feb 18, 3:25PM CST
(TSX: LCS)(TSX: LCS.PR.A) - At a special meeting of preferred and class A shareholders ("Shareholders"
of Brompton Lifeco Split Corp. ("LCS" held today, shareholders approved a special resolution to extend the term of LCS for approximately 5 years to April 29, 2019 and thereafter for successive terms of up to 5 years as determined by the LCS board of directors. Holders of Class A Shares voted approximately 99% in favour of the extension and holders of Preferred Shares voted approximately 97% in favour of the extension. The extension allows Shareholders to continue their investment in LCS' portfolio of common shares of four Canadian life insurance companies (Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Shareholders will continue to have monthly and annual retraction rights. Life & Banc Split Corp. Announces Details of Fund Extension
Marketwire - Wed Aug 14, 1:07PM CDT
At a special meeting held on April 11, 2013, shareholders of Life & Banc Split Corp. ("LBS" or the "Fund"
(TSX: LBS) (TSX: LBS.PR.A) approved a special resolution to allow the Board of Directors to extend the term of the Class A Shares and the Preferred Shares for up to 5 years and to determine the distribution rates for the extended term. The Board of Directors is pleased to announce that it has approved a 5 year extension to the term of the Class A Shares and Preferred Shares to November 29, 2018. The Fund was originally scheduled to terminate on November 29, 2013. The distribution rate for the Fund's Preferred Shares for this new 5 year term which commences on November 30, 2013 will be $0.475 per annum paid in equal quarterly amounts. The new Preferred Share distribution rate is based on current market rates for preferred shares with similar terms. The Preferred Share distribution for the quarter ended December 31, 2013 is expected to be $0.12690 per Preferred Share which takes into account the new distribution rate for December and the previous distribution rate for October and November. In addition, the Fund intends to maintain the targeted monthly Class A Share distribution at $0.10 per Class A Share. Jovian Announces Signing of Arrangement Agreement with Industrial Alliance
CNW Group - Tue Jul 16, 4:40PM CDT
Jovian Capital Corporation ("Jovian"
(TSX: JOV) today announced that it has entered into a definitive arrangement agreement (the "Agreement" whereby Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance" would acquire all of the issued and outstanding common shares in the capital of Jovian for $10.23 in cash per share (the "Cash Consideration" or 0.2386 of a common share of Industrial Alliance (the "Exchange Ratio" , or a combination thereof, subject to pro-ration based upon the issuance of a maximum of 35% of the aggregate consideration payable in Industrial Alliance common shares. The Cash Consideration represents a premium of 46% to the closing price of Jovian's common shares on the Toronto Stock Exchange ("TSX" on July 15, 2013 (the "Calculation Date" and a 46% premium based on the five-day volume weighted average trading price ("VWAP" ending on the Calculation Date of Jovian's common shares. The Exchange Ratio was calculated by dividing the amount of the Cash C Life & Banc Split Corp. Approves Extension
Marketwire - Thu Apr 11, 11:29AM CDT
At a special meeting of preferred and class A shareholders ("Shareholders"
of Life & Banc Split Corp. ("LBS" (TSX: LBS)(TSX: LBS.PR.A) held today, Shareholders approved a special resolution to extend the term of LBS for up to 5 years beyond the scheduled termination date of November 29, 2013 and thereafter for successive terms of up to 5 years as determined by the LBS board of directors. Holders of Class A Shares voted approximately 98% in favour of the extension and holders of Preferred Shares voted approximately 99% in favour of the extension. The extension allows Shareholders to continue their investment in LBS' portfolio of common shares of six Canadian banks (Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank) and four Canadian life insurance companies (Great-West Lifeco Inc., Industrial Alliance Insurance and Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.). Sha Industrial Alliance Benefits from Regulatory Changes to Capital Formula
CNW Group - Fri Dec 21, 7:53AM CST
Following amendments to the capital formula recently announced by Canadian insurance regulators in relation to the calculation of required capital for the lapse risk component, Industrial Alliance Insurance and Financial Services Inc. (the "Company"
estimates that its solvency ratio will increase by 12percentage points. The amended capital requirements take effect on January 1, 2013 and will be reflected in the Company's first quarter results. 
